How the Panama Papers spooked Colombia’s elite to own up about their wealth - ICIJ
▻https://www.icij.org/investigations/panama-papers/how-the-panama-papers-spooked-colombias-elite-to-own-up-about-their-wealth
researcher Juliana Londoño Vélez […] matched the International Consortium of Investigative Journalists’ Offshore Leaks data with detailed tax filings of more than 1,200 Colombians.
The publication of the Panama Papers, and a voluntary disclosure program aimed at encouraging taxpayers to report hidden assets, also made Colombian citizens more forthcoming about assets. Londoño-Vélez found that the Panama Papers “induced a ninefold increase” (an 830 percent spike) in what taxpayers disclosed to the Colombian tax agency about all their wealth halfway through the voluntary disclosure program that began in 2015.