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Paradise Papers leak reveals secrets of the world elite's hidden wealth
Files from offshore law firm show financial dealings of the Queen, big multinationals and members of Donald Trumps cabinet
The worlds biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britains offshore empires.
The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.
The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.
The project has been called the Paradise Papers. It reveals:
Millions of pounds from the Queens private estate has been invested in a Cayman Islands fund and some of her money went to a retailer accused of exploiting poor families and vulnerable people.
Extensive offshore dealings by Donald Trumps cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putins son-in-law to the shipping group of the US commerce secretary, Wilbur Ross.
https://amp.theguardian.com/news/2017/nov/05/paradise-papers-leak-reveals-secrets-of-world-elites-hidden-wealth
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Paradise Papers leak reveals secrets of the world elite's hidden wealth (Original Post)
JonLP24
Nov 2017
OP
defacto7
(13,485 posts)1. Has a bottom line been mentioned?
How much wealth do these papers represent?
JonLP24
(29,322 posts)2. I don't know
I'm barely scratching the surface reading articles at #paradisepapers.
defacto7
(13,485 posts)3. Well, better get out your calculator!
JonLP24
(29,322 posts)4. I did find this
List of people and companies named in the Paradise Papers
https://en.m.wikipedia.org/wiki/List_of_people_and_companies_named_in_the_Paradise_Papers?utm_content=bufferbc3b5&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
defacto7
(13,485 posts)5. I'll definitely look this one over.
dweller
(23,562 posts)6. and these are the people the GOP
want to pass tax cuts for?
Not Ruth
(3,613 posts)7. Much shorter list than expected
Blue_Tires
(55,445 posts)8. Until laws get changed this will continue to be SOP