Sunday, November 5, 2017

Massive leak pulls back the curtain on offshore tax havens — again

We have entered the age of the big leak.

A year-and-a-half after the largest ever leak of information to journalists — the Panama Papers — a new leak containing even more documents is being made public today.

Dubbed the Paradise Papers, the cache of 13.4 million records — almost two million more documents than the Panama Papers — includes files from two major offshore law firms and 19 corporate registries from traditional tax havens.

The leak was obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of 382 journalists in 67 countries, including the Toronto Star and CBC/Radio-Canada.

The files expose a worldwide shadow economy worth trillions of dollars that owes its existence to the secrecy provided by tax havens.  (more...)


No comments:

Post a Comment