Panama Papers: How does it affect you?

Panama Papers: How does it affect you?

For those of us who don't have vast fortunes or the means to squirrel them away off-shore, you may have been thinking, why do the Panama Papers matter?

The Panama Papers is 11 and a half million documents that were leaked from Mossack Fonseca -- the world's fourth largest offshore law firm, and New Zealand is right at the centre of it.

Mossack Fonseca actively promoted New Zealand to its clients and our country is referenced in the papers 61,000 times.

A New Zealand trust is viewed as safe and easy.

But how do these revelations change how the rest of the world sees New Zealand? And if you're just an average Kiwi in an average job, why should it worry you whether this country is a tax haven or not?

Story investigates how serious the problem is, and has it harmed our reputation?

Watch the video for the full Story report.