In the 21st century, the rich are growing richer. And they are employing a veritable arsel of devious means to guard their wealth. To avoid paying taxes, they invest their money in a thicket of shadowy entities through transactions so complicated that an army of fincial experts could toil in vain for years to uncover the money trail. Or the rich may shift their wealth offshore and park it in Swiss banks or various tax havens. So much so, that such tax havens are being considered a key engine of growing inequality by a section of economists. Over past few years, a few intrepid whistleblowers have blown the lid off such money flows. The leads have been assiduously followed by jourlists in several countries, with the resulting exposes putting the spotlight on heads of states and powerful politicians, corporate honchos, top entertainers and sportsmen. The Swiss bank revelations in 2013 and Pama Papers leak last year brought to the fore the dimensions of such offshore transactions. In the latest such leak, dubbed the ‘Paradise Papers’, the German daily Süddeutsche Zeitung obtained a treasure trove of over 13 million tax haven records and communications accessed from a Bermuda-based offshore law firm and a Singapore-based business consultancy. The German newspaper in turn shared the data covering nearly 7 decades from 1950 to 2016 with the Intertiol Consortium of Investigative Jourlists (ICIJ). In the first set of revelations, the mes of 714 Indians figure — including Minister of State for Civil Aviation Jayant Sinha, BJP MP Ravindra Kishore, Congress leader Sachin Pilot, the sons of senior Congressmen P. Chidambaram and Vyalar Ravi, megastar Amitabh Bachhan and liquor tycoon Vijay Mallya. While inclusion in the list does not imply crimility, it is sure to provide ammunition to various political parties in trying to score brownie points. It has been pointed out that many firms specialising in law, chartered accountancy, banking and fince, legitimately find various means and loopholes to reduce the tax liability of clients. In turn, the tax authorities seek to close off all such avenues, so it is a continuing cat and mouse game. The question therefore is whether a device to reduce (or avoid) taxes breaks any tax law of the land.