Before even getting to David Cameron's father here's a starting-point question about the Panama Papers: how is the desire to break the anonymity of Panama banking secrecy different from the FBI's interest in breaking Apple's encryption of the iPhone?

With obvious irony, many of the left-leaning privacy advocates who might cheer Apple's stand against the government's intrusion into its system, are now, as transparency advocates, on the side of the leakers of the Panama Papers.

The Apple imperative is to build a system that is 100 per cent resistant to any government warrant. The data on your iPhone, no matter how swarmy, corrupt, or dangerous you are, is supposedly safe. That's also the proposition of Panamanian banking laws.

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