According to Greek mythology, Pandora’s box contained all the evils known to mankind. When Pandora opened the box, she released them into the world.

The newly released Pandora Papers contain information about the owners of shell companies. Media coverage refers to the release as a “data leak.” In fact, “data leak” is a euphemism for unlawfully disclosed information. The problem is whether the shell companies in question have ever been used to hide illegal or disreputable activities. And that risks the perception that shell companies are automatically reprehensible.

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