The revelations in the Paradise Papers leak have showed, once again, that our economy is rigged to the benefit of the powerful, the wealthy and giant corporations. While most of us are expected to – and do – pay the taxes that are due from us, a tiny minority operate under different rules. If you’re rich enough, you can join the same exclusive club – a world of offshore trusts and secretive tax havens, administered by offshore specialists like Appleby’s, the firm at the centre of current revelations. It is one rule for the super-rich and another for the rest of us.
What the 13.4m documents that comprise the Paradise Papers show, like the Panama Papers before them, is the sheer extent of offshore tax avoidance. The problem is endemic to the global financial