Paradise Papers

They show that a state-run bank in Moscow helped to fuel the rise of Yuri Milner in Silicon Valley, where the Russia investigation has put tech companies under scrutiny. And Wilbur Ross, the U.S. commerce secretary, was shown to have profited handsomely after retaining his holdings in a shipping firm with ties to the inner […]

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Many of the most powerful supporters of the Brexit campaign appear in the Paradise Papers because of their offshore interests. There is nothing illegal about their arrangements. But many of these same voices have urged a “hard Brexit” – which could see the UK ripping up its economic model and in effect becoming a tax […]

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CLOSE A trove of leaked offshore investment documents, dubbed the ‘Paradise Papers’, exposes hidden banking activities of some of the world’s wealthiest people. Samantha Vadas reports. Video provided by Reuters Newslook U.S. Secretary of Commerce, Wilbur Ross addresses delegates at the annual Confederation of British Industry (CBI) conference in east London, on Nov. 6, 2017.(Photo: […]

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Hello. Here’s your morning briefing: Image copyright Getty Images Paradise Papers: Apple, Hamilton, Bono and Ashcroft in spotlight The Paradise Papers continue to shed light on the tax affairs of the rich and powerful. Journalists working through 13.4 million documents have found that Apple, the world’s most profitable firm, has a secretive new structure that […]

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Offshore corporations in the British Virgin Islands (BVI) and the Cayman Islands were once known as the hiding places of money for the world’s wealthiest jet-setters. That image was reinforced in 2016 and 2017 with the release of the Panama and Paradise Papers, which revealed holdings in offshore corporations and beneficial ownership structures that put […]

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If financial planners want to capitalise on the rising proportion of offshore wealth, they must do their due diligence and provide sound advice spanning multiple jurisdictions, according to GlobalData’s HNW Offshore Investment survey. Despite recent data leaks and scandals like Paradise Papers, the proportion of high net-worth (HNW) individuals who invest offshore has risen from […]

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Image caption About 14,000 of Guernsey’s 17,781 companies are tied to the financial services sector Britain’s Crown Dependencies are home to 76,000 companies – slightly fewer than one for every third person living there. It is many of these companies that will now have to prove their presence in Jersey,… read more at: https://www.bbc.co.uk/news/world-europe-guernsey-46453495

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The Guardian, the UK newspaper, asks a very good question: “What are the Paradise Papers?”—and then offers a concise answer in the form of the two-minute animated video above. For more in-depth takes, also from The Guardian, see “What are the Paradise Papers and what do they tell us?” (subhead: “The leak of 13.4m documents […]

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