Paradise Papers

Bitfinex’s Giancarlo Devasini and Philip Potter has been named in the Paradise Papers – an enormous data leak identifying over 120,000 companies and individuals who have employed the services of offshore service providers operating in ‘tax havens’. The leaked documents contain evidence that Giancarlo Devasini and Philip Potter established Tether in the British Virgin Islands […]

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The Ministry of Finance issued a press release[1], dated November 6, 2017, wherein it stated that the investigations in the cases of ‘Paradise Papers’ would be monitored through a reconstituted Multi Agency Group (hereinafter referred to as ‘MAG’). Further, Sushil Chandra, the head of the probe panel and CBDT Chairman, on November 14, 2017, said […]

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Britain’s Queen Elizabeth II is worth an estimated $472 million and costs each taxpayer about 65 pence ($0.85).(Photo: Alastair Grant / AP) London — Leaked documents linking Queen Elizabeth II to offshore investments in tax havens have shined a spotlight on her considerable fortune. Here are five things to know about the queen’s finances. ■Just […]

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Image caption The Isle of Man newspaper encouraged readers “to fight back” after the Paradise Papers The Isle of Man “will continue to flourish” despite an “orchestrated attack from the international media” after the Paradise Papers revelations. Politicians defended the island after a leak of financial documents this… read more at: http://www.bbc.com/news/world-europe-isle-of-man-42055822

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Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. … read more at: https://www.ft.com/content/4ee07f8e-cf5f-11e7-b781-794ce08b24dc

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Image caption The Isle of Man newspaper encouraged readers “to fight back” after the Paradise Papers The Isle of Man “will continue to flourish” despite an “orchestrated attack from the international media” after the Paradise Papers revelations. Politicians defended the island after a leak of financial documents this… read more at: http://www.bbc.com/news/world-europe-isle-of-man-42055822

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ANKARA Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has challenged President Recep Tayyip Erdoğan to “reveal his wealth,” blasting the ruling Justice and Development Party (AKP) for rejecting a probe into the Paradise Papers revelations. The sons of Prime Minister Binali Yıldırım had appeared in the revelations as the owners of multiple companies […]

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Bono has said that there is “nothing wrong” with being an investor and an activist after his name appeared in the leaked Paradise Papers. The U2 frontman, who campaigns for increases in taxpayer spending on international aid, faced renewed allegations of hypocrisy after he was revealed to be an investor in a company in Malta, […]

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Education Institutions including Northeastern, Boston University, and Tufts have offshore investments. Boston-Boston University by Wally Gobetz on Flickr/Creative Commons Ah, higher education: a sculptor of young minds, a fertile ground for innovative ideas, and, apparently, an enthusiastic embracer of tax evasion tactics. More than 100 educational institutions were found mentioned in the recesses of the Paradise Papers, […]

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