Transparency is the Prize in Post-Pandora Papers Scramble

The past week’s revelations through the “Pandora Papers” – the largest exposé to-date of how global politicians, business leaders, celebrities, and multinational companies use and abuse the “offshore” financial system – are both shocking and surprisingly familiar.

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Tremendous Opportunities and Legitimate Concerns

The OECD two-pillar approach represents a historic opportunity to address global challenges. Serious equity concerns persist around the process and the current framework, though. Without an equitable final framework, it is hard to imagine that any agreement will be sustainable, as per G-24 warnings.

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