On Monday, May 9, at 2pm EST (1800 UTC), all of the 214,000 offshore entities named in the Panama Papers will become searchable via a database on the web site of the International Consortium of Investigative Journalists (ICIJ). Until now, only select names had been revealed.

The ICIJ and the German daily Süddeutsche Zeitung announced the existence of the Panama Papers on April 3 of this year, having themselves received the information from a party identifying him or herself only as "John Doe." The papers contain confidential information belonging to the Panamanian law firm Mossack Fonseca, and the data dump comprises 11.5 million documents detailing 21 tax havens that involve 200 countries. 

John Doe published an 1800-word manifesto, "The Revolution will be Digitized," on the ICIJ site on Saturday, which included the statement, "I call on the European Commission, the British Parliament, the United States Congress, and all nations to take swift action not only to protect whistleblowers, but to put an end to the global abuse of corporate registers."

The ICIJ has produced a video taking a very jaundiced view of Mossack Fonseca, the parties named in the Panama Papers, and tax havens in general.

In terms of sheer data size, the 2006 WikiLeaks bombshell was nothing compared to this reveal; the Panama Papers take up 2.6 terabytes versus only 1.6 gigabytes for Julian Assange's notorious data dump; in other words, the Panama Papers file is 162,500% larger.

A statement on the Mossack Fonseca web site dismisses the allegations: "These reports rely on supposition and stereotypes, and play on the public’s lack of familiarity with the work of firms like ours."

The news comes on the heels of the Obama administration's May 5 announcement that it would tighten the thumbscrews on tax evaders by enforcing disclosure requirements.

Some of the fallout of the Panama Papers leak so far includes claims that Russian President Vladimir Putin holds $2 billion in these offshore funds (he has so far not been directly named in the Papers); UK Prime Minister David Cameron admitting his father held offshore funds mentioned in the Papers, though he offloaded his stake for GBP 30,000 prior to becoming Prime Minister; and most notably, the April 5 resignation of Iceland's Prime Minister Sigmundur David Gunnlaugsson.