Few hours back I came to know about latest release of Paradise Papers from ICIJ, so I am sharing some of the key points, starting with brief introduction of ICIJ.
The International Consortium of Investigative Journalists is a global network of more than 200 investigative journalists in 70 countries who collaborate on in-depth investigative stories.
- ICIJ has released The Paradise Papers, a global investigation that reveals offshore activity of some of the world's most powerful people and companies.
- A trove of 13.4 million record exposes offshore intrest and activities of more than 120 politician and world leaders, including member of US President Donald J Trump, Queen Elizabeth II, 13 advisors and major donors.
- Reveals the tax engineering of political player, Private wealth and more than 100 multi national corporate gaints like Apple, Nike, Uber and other global companies.
- Reveals how multinational companies from Africa and Asia used shell companies to reduce tax.
- ICIJ also mentioned white shoe offshore law firm Appleby, many offshore operatives and Anonymous share holders in different companies.
- Details of how owners of jets and yachts, including royalty and sports stars, used Isle of Man tax-avoidance structures.
The offshore industry makes “the poor poorer” and is “deepening wealth inequality,” said Brooke Harrington
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