The recent revelation resulting from the Panama Papers is nothing new. It just helps to highlight the sheer scale of criminality being perpetrated by those wealthy enough to benefit. What we are witnessing from a tiny island, nestled neatly between North and South America, is a glimpse of a global money laundering fest on a truly oceanic scale.
There are 82 countries listed globally as tax havens or jurisdictions of financial secrecy. Collectively Britain is the number one on the list of offenders, mainly because of its extensive overseas territories such as Jersey, Isle of Man, Gibraltar etc. In reality, though, Britain is now itself a tax haven.
Since the Conservative…