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There are many bars and restaurants in the streets around the guest house.

Es Caló des Moro, Cala Gració and Cala Salada Beaches are all a short drive away.

The documents were dubbed the Panama Papers because of the country they were leaked from; however, the Panamanian government expressed strong objections to the name, as did other entities in Panama and elsewhere.

Some media outlets covering the story have used the name "Mossack Fonseca papers".

The practice of parking assets in luxury real estate has been frequently cited as fueling skyrocketing housing prices in Miami, Donald Toon, head of Britain's National Crime Agency, said in 2015 that "the London property market has been skewed by laundered money.

Prices are being artificially driven up by overseas criminals who want to sequester their assets here in the UK".

Andy Yan, an urban planning researcher and adjunct professor at the University of British Columbia, studied real estate sales in Vancouver—also thought to be affected by foreign purchasers—found that 18% of the transactions in Vancouver's most expensive neighborhoods were cash purchases, and 66% of the owners appeared to be Chinese nationals or recent arrivals from China.

On June 24, 2016 China CITIC Bank Corp filed suit in Canada against a Chinese citizen who borrowed CN¥50 million for his lumber business in China, but then withdrew roughly CA.5 million from the line of credit and left the country.

Much of this information does not show anything more than prudent financial management.

Steinmetz himself has personal worth of billion.

Other offshore shell company transactions described in the documents do seem to have broken exchange laws, violated trade sanctions or stemmed from political corruption, according to ICIJ reporters.

For example: Estate planning is another example of legal tax avoidance.

American film-maker Stanley Kubrick had an estimated personal worth of million when he died in 1999, much of it invested in an 18th-century English manor he bought in 1978.

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In a May 6 statement, John Doe cited income inequality as the reason for his action, and said he leaked the documents "simply because I understood enough about their contents to realise the scale of the injustices they described".

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