The consequences of the Panama Papers

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Panama Papers leak has dominated the news headlines over the past week with new names and details emerging every day.

I'm off to film KeiserReport</a> this morning on <a href="https://twitter.com/hashtag/PanamaPapers?src=hash">#PanamaPapers</a>, & I promise to only mention MP&#39;s tax returns once. <a href="https://t.co/cURAvN24Ey">pic.twitter.com/cURAvN24Ey</a></p>&mdash; Steve Topple (MrTopple) April 13, 2016

Last week when we looked at the sensational revelations from the biggest leak of files in history, we focused on the schemes and practices described in the Panama Papers. This time we look at the consequences.

Denis Healey nailed it pretty well #panamapaperspic.twitter.com/uHG5K3cDD8

— Clive Lewis MP (@labourlewis) April 10, 2016

The Panama Papers have taken their toll on tax havens and those using them.

Private Eye. Just. So. Good. #PanamaPaperspic.twitter.com/Hu0VN7FVtu

— Lucy Tobin (@lucytobin) April 12, 2016

The global offshore tax hunt is on and many politicians have had to make official statements, explaining why their names are mentioned or linked to the files.

Genuinely worried about doing my first tax return this year. This should buy me some time though… #panamapaperspic.twitter.com/ykmGnpk6rS

— Daily Black Mirror (@TheDailyBMUK) April 5, 2016