Paradise Papers

Hidden in the 25,000 offshore entities we added to the Offshore Leaks Database today are some of the world’s most prestigious universities and colleges. ICIJ and its partners found more than 100 educational institutions in offshore law firm Appleby’s client database, which was part of the Paradise Papers leaks. Some of these elite institutions hold […]

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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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Image copyright Alamy The UK company which owns the PGL children’s holidays brand exploited an anti-tax avoidance law to actually save itself tax, the Paradise Papers show. An amendment to rules introduced by the government in 2013 allowed Holidaybreak to legally avoid corporation tax by artificially shifting German profits to the Isle of Man. Holidaybreak […]

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In its final meeting before adjourning for Thanksgiving break, the Graduate Student Council (GSC) resolved to encourage Stanford to divest from companies involved in the so-called “Paradise Papers,” organized the GSC Thanksgiving Dinner and discussed the Republican tax reform bill currently making its way through the House of Representatives. During the meeting’s open session, theater and […]

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The Labour Party has complained to Prime Minister Theresa May about health secretary Matt Hancock’s links to private GP provider Babylon. The letter, from shadow health minister Justin Madders, comes after Mr Hancock praised Babylon’s NHS-funded GP at Hand service in an Evening Standard interview carrying Babylon branding earlier this week.  According to Mr Madders, this […]

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BBC Scotland’s investigations into the tax arrangements of a company at the time it was owned by Irish billionaire Dermot Desmond were sparked by the leaked documents known as the Paradise Papers. It appeared that Mr Desmond, the largest shareholder in Celtic FC, had owned an exclusive private jet company that used an offshore tax […]

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Everyone knows Nike. Most people probably own a pair of Nikes. It is unquestionably one of the best-known brands in the world, making billions of dollars in profit from global trainer sales. With names such as Swoosh, Flight, Force, Tailwind and Pegasus, every shoe is crafted, and every launch anticipated and heavily marketed. This is […]

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Serving a Growing Elite Founded in 1898 by a British officer, Maj. Reginald Appleby — an avowed opponent of taxation — Appleby now has offices in nearly all the world’s tax havens: Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, Mauritius, the Seychelles and Shanghai. Such locations […]

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The Australian arm of the global mining giant Glencore has been involved in cross-currency swaps of up to $25bn of a type under specific investigation by the Australian tax office, the Paradise Papers reveal. Glencore, the world’s largest mining company by revenue, has attracted significant controversy since its entry into the Australian market in the […]

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