Paradise Papers leak reveals secrets of the world elite's hidden wealth

[JonLP24]

Files from offshore law firm show financial dealings of the Queen, big multinationals and members of Donald Trump’s cabinet


The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires.

The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.

The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.

The project has been called the Paradise Papers. It reveals:

Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund – and some of her money went to a retailer accused of exploiting poor families and vulnerable people.
Extensive offshore dealings by Donald Trump’s cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putin’s son-in-law to the shipping group of the US commerce secretary, Wilbur Ross.

https://amp.theguardian.com/news/2017/nov/05/paradise-papers-leak-reveals-secrets-of-world-elites-hidden-wealth

[defacto7]

1. Has a bottom line been mentioned?

How much wealth do these papers represent?

[JonLP24]

2. I don't know

I'm barely scratching the surface reading articles at #paradisepapers.

[defacto7]

3. Well, better get out your calculator!

[JonLP24]

4. I did find this

List of people and companies named in the Paradise Papers

https://en.m.wikipedia.org/wiki/List_of_people_and_companies_named_in_the_Paradise_Papers?utm_content=bufferbc3b5&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[defacto7]

5. I'll definitely look this one over.

[dweller]

6. and these are the people the GOP

want to pass tax cuts for?

[Not Ruth]

7. Much shorter list than expected

[Blue_Tires]

8. Until laws get changed this will continue to be SOP