Paradise Papers

Media captionParadise Papers: Prince Charles’ offshore investments revealed Prince Charles campaigned to alter climate-change agreements without disclosing his private estate had an offshore financial interest in what he was promoting, BBC Panorama has found. The Paradise Papers show the Duchy of Cornwall in 2007 secretly bought shares worth $113,500 in a Bermuda company that would […]

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The Paradise Papers dump revealed the extent to which the wealthy hide their assets from the government through offshore tax havens. Michael Montgomery of the Center for Investigative Reporting is one of hundreds of journalists poring over the papers. … read more at: https://www.npr.org/2017/11/12/563660752/making-sense-of-the-paradise-papers-dump-and-its-ties-to-the-trump-administratio

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The most startling revelation of the so-called “Paradise Papers” involved Commerce Secretary Wilbur Ross, who maintained his stake in a shipping firm called Navigator Holdings after assuming public office — and even as a Russian natural gas firm called Sibur increased its business dealings with Navigator. Updated November 11, 2017 4:03 PM President Donald Trump […]

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News comes after Stubhub and Viagogo offices raided in the UK An investigation by CBC/Radio-Canada and the Toronto Star, based in part on documents found in the Paradise Papers, has exposed Julien Lavallée’s multimillion-dollar ticket resale operation that allegedly used bots to buy up tickets and resell them at huge markups. For three Adele concerts in the UK, his business bought up […]

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The most startling revelation of the so-called “Paradise Papers” involved Commerce Secretary Wilbur Ross, who maintained his stake in a shipping firm called Navigator Holdings after assuming public office — and even as a Russian natural gas firm called Sibur increased its business dealings with Navigator. Updated November 11, 2017 4:03 PM President Donald Trump […]

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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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