The emergence of the so-called Panama Papers has sparked outrage across the globe, some of which has resulted in the ouster of a prime minister. Much more is to come, to be sure, but one is forced, in the meantime, to ponder an uncomfortable question: Does it really take a leak of this magnitude to spur conversation and action on such an important topic?
Tax havens have, before the Panama Papers, been confined to tangential mention, rarely taking center stage in the broad conversation of soaring global inequality.
Perhaps this will change sooner rather than later. As per usual, Vermont Senator Bernie Sanders was out in front of many of his Democratic colleagues on this topic, and he made his case against the U.S.- Panama Trade Promotion Agreement based on Panama’s tax haven-status, among other reasons.
Hillary Clinton, for her part, supported the agreement — as did President Obama.