Paradise Papers

New analysis from economists Gabriel Zucman, Thomas Tørsløv, and Ludvig Wier shows that tax avoidance by big companies has preserved billions in revenue that could have gone to government coffers. They find that $408 billion (€350 billion) is shifted each year to tax havens in the EU (Luxembourg, Ireland, the Netherlands, Belgium, Malta and Cyprus) […]

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During the past week, the so-called Paradise Papers that reveal the offshore tax activities of more than 120,000 people and companies have certainly brought deep embarrassment for many of them, but the implications could get more serious with prosecutions and tax reforms, according to experts at Wharton and elsewhere. The Paradise Papers were leaked from […]

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10 November 2017 – Ratings agencies must downgrade businesses responsible for unethical practices such as tax evasion carried out through off-shore-registered companies, two United Nations human rights experts warned, while urging countries to cooperate to counter this global tax abuse problem. “States must stop harmful tax competition amongst each other and work together to stop […]

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The Paradise Papers have shed new light on the murky world of offshore finance, revealing the arcane schemes used by the world’s wealthiest individuals and corporations. Heads of state, technology giants and government officials are among those whose interests in tax havens have been brought into the cold light of day. Five days later, what […]

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Max Verstappen celebrates after a superb victory at the Malaysian Grand Prix. The Red Bull driver had endured a miserable run of luck in 2017 with seven retirements in the 14 previous grands prix. But any disappointment was banished in Malaysia as he sped to a second career F1 win. The Dutchman, who turned 20 […]

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10 November 2017 – Ratings agencies must downgrade businesses responsible for unethical practices such as tax evasion carried out through off-shore-registered companies, two United Nations human rights experts warned, while urging countries to cooperate to counter this global tax abuse problem. “States must stop harmful tax competition amongst each other and work together to stop […]

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Bono owns a bit of a Lithuanian shopping centre. The Queen finances a whisker of BrightHouse, the household goods business accused of exploiting its customers. Lewis Hamilton dodged VAT on his private jet with the finesse of an F1 champion. These are just a few of the headline details that have emerged this week out […]

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