The 11.5 million documents from the Panama-based law firm Mossack Fonseca showed it helped thousands of individuals and companies from around the world set up shell companies and offshore accounts in low-tax havens. Because such accounts often hide the ultimate owner of assets, they are a favoured tool to evade taxes, launder money or pay bribes.
    
So far, the scandal has brought down the leader of Iceland and raised questions about the dealings of the presidents of Argentina and Ukraine, senior Chinese politicians, famous actors, athletes and the circle of friends of Russian Vladimir Putin, who some allege has profited indirectly from such accounts.
    
Yesterday, British Prime Minister David Cameron acknowledged he profited from his father's investments in an offshore tax haven before being elected.

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