The leak of the Panama Papers exploded onto the front pages during April and, once again, ‘offshore' was cast as the villain of the piece. However, there seems to be a growing realisation that some of the onshore financial powers aren’t necessarily squeaky clean. Our lead features examines the biggest of them all – the US – and asks if it is nothing more than a massive tax haven. Also in this, our annual Wealth Edition, we look at how geopolitics affect global wealth flows; the migration of hedge funds to the Channel Islands; how Middle Eastern families are looking to preserve their wealth in the West; and many more wealth-related matters.
