ELI5: Explain Like I'm 5

Pandora Papers

Okay kiddo, imagine you have a special box where you keep all your toys and treasures. Now, imagine if someone found out that you also have a secret room filled with even more treasures that you haven’t told anyone about. That’s kind of what happened with the Pandora Papers.

The Pandora Papers is a big collection of secret documents that tell us about lots of rich and powerful people from different parts of the world. The documents were leaked to a group of journalists, who then looked through them and wrote stories about what they found.

These documents show that many rich people are using hidden accounts in different countries to hide their money and avoid paying taxes. It’s kind of like sneaking candy into your room without telling your parents, except on a much bigger scale.

The reason this is a big deal is because when rich people don’t pay their fair share of taxes, it means that regular people like your parents, teachers, and doctors have to pay more. It’s not fair, right?

So, the Pandora Papers are important because it shines a light on the secret and potentially harmful actions of some really powerful people. And just like your parents would want you to tell the truth about your candy stash, we need to know when people aren’t being honest and fair about their money.