The "Circumstance" of the Paradise Papers

The Paradise Papers leak in November was an investigation by the International Consortium of Investigative Journalists which sought to expose how politicians, corporations and high-net-worth individuals use complex financial structures in off-shore jurisdictions to hide their wealth and benefit from off-shore tax rules.

Around 13.4m confidential documents, covering the period 1950 to 2016, were leaked. Some 6.8m files related to one of the world’s largest off-shore law firms, Appleby, and corporate services provider, Estera. The balance related to corporate registries in 19 jurisdictions.

Whilst the leak was smaller in scale than the Panama Papers leak in April 2016, it is generally accepted that its impact may be greater as it exposed higher-end, more sophisticated off-shore dealings than previous leaks. It also put related issues such as money-laundering, corruption, terrorism and tax evasion back on the news headlines, and gave voice to those arguing that the UK government and the EU have done

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