Paradise Papers: Are There Any Revelations? – Forbes

HAMILTON, BERMUDA – NOVEMBER 8: A view of Woodburne Avenue at dusk, November 8, 2017, in Hamilton, Bermuda. A series of leaks made public by the International Consortium of Investigative Journalists, the Paradise Papers shed light on the trillions of dollars that move through offshore tax havens. (Photo by Drew Angerer/Getty Images)

Deja-vu all over again – Panama Papers a few years back, and now the Paradise Papers. The recent leak of 13.4 million documents belonging to an offshore law firm Appleby exposes individuals, multinational corporations and institutional endowment funds who are engaged with offshore tax havens for tax avoidance purposes. These revelations have once again sparked attention toward the usage of offshore finance; rankling politicians, anti-corruption bureaus, and tax justice campaigners. They have reignited the debate on the benefits or harms caused by the offshore financial services industry.

Unlike Panama

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