From LuxLeaks to the Panama Papers: Must We Achieve Complete Transparency in Order to Prevent Illegal Activity?

We are now in a situation where it is socially acceptable (and possibly becoming morally required) to name and shame the tax shirkers – those companies and individuals who are accused of not paying their fair share of tax. Most media reports give the sense that this push towards complete transparency will create a healthier and more sustainable society. But what are we really losing and gaining by this trend?