August 2, 2021

“Paradise papers”: tax havens for the ultra-rich unveiled

Photo credit, EPA

Image caption,

Queen Elisabeth of England is cited in the Paradise papers.

Financial documents released on Sunday show the secret investment of large amounts of money in offshore tax havens.

Donald Trump’s Commerce Secretary is involved in a company that deals with US-sanctioned Russians.

The leak, dubbed the “Paradise Papers”, contains documents of 13.4 million copies, mostly from a large offshore finance firm.

As with the Panama Papers leak last year, the documents were obtained by the German newspaper Süddeutsche Zeitung, which asked the International Consortium of Investigative Journalists (ICIJ) to oversee the investigation.