Panama Papers

This is an enjoyable, funny, exposing portrayal of the corrupt system of offshore accounts and how some apparently disconnected events share links back to the corruption at work. Maybe it shouldn't be funny because this is an infuriating reality that could be fixed if...well, if legislators were themselves not corrupt. Yes, the telling of the tale is not done in a totally conventional straight-forward linear way. But it is easy to follow and amusing, even as you feel you should be angry. And of course you realise that this film won't change a thing. But it is well made and acted.

The attorneys at the center of the scandal this covers, filed suit in federal court claiming they were defamed by the film. Upon viewing, you'll realize that there is no way they did not defame themselves.

Above and beyond that, this is a film every single person who is unfamiliar with offshore banking should see. It describes in accurate, albeit humorous terms, how "money" works in some people's hands, vs. how it works in the hands of the normal Joe.

The cast is made up of amazing actors who give amazing performances, yet as most of us know, that isn't always the ingredient for a great movie. This one went a step further, and gifted us with FACTS. (Not even its many detractors can argue with any conclusive proof that the laws it unveils to the layman are not on the books and being used daily).

Basically, it takes the viewer through the inner machinations of a business run by people who know the law and push the law as far as the law will allow in order to serve their own purposes. People who deal in gauging the value of buying and selling trades and commodities, as easy as they gauge the value of .... and trade in ... other people.

Lastly, in going through other reviews here, I can't help but think about how different we all are, and how some people understood and could appreciate such a well presented window into actual business practices and money and how the two affect the average American, and how others seemed to take simple facts, as a personal affront or attack on their political party.

Not WANTING to face facts, does not change fact.

A political comedy about corruption that should be mandatory to be shown in schools and I do not only mean film schools, I mean all schools..Everyone paying taxes should see it.

Yes, it shows some aspects of what is going on in the financial world and yes, it is not covering the whole system of abuse. Great acting on behalf of Meryl Streep which of course is not surprising. I was missing the role of central banks in this strange but true world order and of course the new role of crypto currencies that have become a new outlet for tax evasion and miscellaneous corruption.

Probably one of the reason it is still flourishing.

It is probably impossible to cover all aspects in one film.

I am truly surprised about the low rating it has gotten from users.

My only explanation is that it does not follow the centuries old blueprint of the heroes journey moving along a standard three act structure, which I consider daring and a plus. Especially if it manages to advance the art of film making, which this film does.

Directorial gimmicks of intertwining realms in one take usually used in the world of expensive and glossy corporate videos make this film a gem.

Yes, the message comes across loud and clear about the dilemma of fraudulent insurance scams, tax evasions and shell companies, but the storytelling is haphazard, disjointed and feeble at best. The stellar cast cannot save what the writing is messing up, this is a missed opportunity of telling (what could have been) a much better story about a dark element of today American corporate life (which Mr. Trump clearly play a role in as well...).

Many years ago of course, but as I look back I now realize that this sort of financial treachery has been going on since the Garden of Eden.

As a callow youth back in the early 70's on the Island of Jersey in the Channel Islands I landed a job at one of the "conduit banks" that handled remittances from overseas colonies , countries in Africa, The Middle East, India, Pakistan etc.

Even then it was shrouded in secrecy and I was too young to realize that the stuff that was going on was mainly designed by Accountants and Lawyers to keep money out of the hands of Governments who wanted it so they could steal it themselves.

Local lawyers were given seats on the boards of locally incorporated companies with shares to go along with the appointment but with pre-signed letters of resignation should they get out of line. In those early 70's it was just an infant industry compared to today , the fire was lit by the fall of the Soviet Union, The European Union and the economic rise of China.

So many more crooks materialized with a need to hide their loot.

What was millions before, quickly became hundreds of billions as the aforesaid accountants and lawyers looked for loopholes and paperwork to get around taxation laws.

It wasn't the politicians who deliberately drew up the laws to allow this exploitation, they usually ain't smart enough, but the lawyers and accountants ARE smart enough and that's why we have this debacle. The problem is that everything is just this side of legal so no one can do much about it.

My friend at the time was a senior law draftsman for the Government of Jersey and he told me that they always drew up a law so there was an obscure escape hatch, in case they themselves ever got in a jam.

A tweak or two here and there ruins one haven's advantage (and its economy) and opens up another in a different spot.

In today's world you can move any amount of money from one jurisdiction to another at the click of a key, without a question being asked.

And so this movie examines the spider's web with a touch of humour, a great deal of panache and a fairly good understanding of what goes on when things go south.

Meryl Streep is very good in her role and Gary Oldman and Banderas are perfect as the amoral principals in Mossack/Fonseca.

There's no such thing as "just desserts" in the world of offshore finance because hardly anyone ever loses. By the time the authorities get around to nailing someone, the money's been moved to another jurisdiction and they have to start all over again.

Most people think that you can walk into a bank or law office in one of these places with a court order from the U.S. or Canada (or wherever) and that they will shrink in fear and give you the info you're looking for............. Think again!

They just laugh at these orders, because they have no authority in foreign countries and they serve as an early warning system to their clients to move the money, tout de suite, to one of the other jurisdictions I just mentioned. Think of a cat trying to catch a dot of light on the living room wall and you'll have a good understanding.

A couple of things to remember about these jewels in the Caribbean or the Med or the English Channel;

1) that the locals don't reap much of the benefits (apart from the few who are part of the game).

I myself was paid peanuts for handling vast amounts of money, while the banks as entities made a king's ransom by way of service fees and trust administration charges. Those cheapskate banks still pay miserly wages to the front desk flunkies.

2) Even if Governments DO manage to collect any money, you won't see a dime of reduction in your taxes, because they spend most of that money firstly in expenses collecting it, and secondly on programs trying to stamp it out. It's like painting the Forth Bridge.

So, very little of the fabulous sums actually stay where they are deposited and only a tiny, tiny fraction is spent on local economies, because the rich don't actually live there. The money just bounces on the ground for a second and ends up either in London or New York, where Xanadu type homes are purchased in anonymous company names.

Don't believe the headlines that tell us that it's being cleaned up, it's worse than it ever was.

A very interesting, if depressing, movie, a million tax free times better than "The Big Short" enjoy.