'Bahamas leaks' in a nutshell

On 21 September 2016, the International Consortium of Investigative Journalists (ICIJ) published information on more than 175 000 companies, trusts and foundations registered in the Bahamas. The published data includes the names of directors and some owners of these entities. As with the 'Panama papers', these leaks may shine new light on the practices, policies and measures used by taxpayers and tax jurisdictions – as well as politicians, businesspeople and criminals – which render revenues and tax bases opaque, thus reducing tax bills and resulting in lost revenue for countries.