1.4TB/13.4 million documents have leaked from Appleby, the offshore law-firm that is part of the "magic circle" of firms employed by the super-rich to manipulate their finances; the documents are supplemented with another "offshore provider"'s files, and the company registries of 19 tax havens.
The documents are full of explosive revelations, including the fact that the Queen's Estate has stashed millions in the Caymans and then funneled the money to abusive sweatshops; Trump's inner circle are massive money-launderers and Trump Commerce Secretary Wilbur Ross secretly took a fortune from Putin's son-in-law; Twitter and Facebook took in millions in laundered investment capital that originated with "Russian state financial institutions"; Nike and Apple using legally questionable tax avoidance schemes; and much, much more -- hundreds of stories that will ooze out in the weeks to come.
The publication of this investigation, for which more than 380 journalists have spent a year combing through data that stretches back 70 years, comes at a time of growing global income inequality.
Meanwhile, multinational companies are shifting a growing share of profits offshore – €600bn in the last year alone – the leading economist Gabriel Zucman will reveal in a study to be published later this week.
“Tax havens are one of the key engines of the rise in global inequality,” he said. “As inequality rises, offshore tax evasion is becoming an elite sport.”
Paradise Papers leak reveals secrets of world elite's hidden wealth
[Juliette Garside/The Guardian]
Andy Moore writes, "My friend the marvelous Ms. Truelove Waits made a song containing election advice for anyone in the UK confused about who to vote for this Thursday." (I am a member of the Labour Party and a donor to the 2019 campaign).
Chris Knight recorded a video of the bees in his backyard and wanted to accompany it with a rendition of Nikolai Rimsky-Korsakov's 1899 composition "The Flight of the Bumblebee."
Today is International Human Rights Day, and Storylab has arranged for a special free online screening of "The Crossing: Your Impact on Modern Day Slavery," via the interactive Hubhub platform, which lets viewers annotate and discuss videos, with comments linked to specific moments in the video. The video includes a special introduction by Emma Thompson, […]
When it comes to the qualities of a good project manager, you hear a lot of talk about “soft skills” like leadership ability and confidence. And where does confidence come from? It comes from people who are dead certain they know the right steps to take. In other words, you’ve got to master the hard […]
You might know someone who can make a pipe out of any conceivable household object. But if they’re doing it every time they smoke, it might be time to get them a little Christmas present. And we’ve got just the thing: The Twisty™️ Glass Original Combo Pack, priced way, way down for December. If you’ve […]
With all the revolutionary tech that’s out there, it’s pretty sad that finding a simple stud in your wall can feel like dowsing for water. This can be equally true whether you’re using a magnetic finder and it’s reliance on “feel,” or an electronic unit that can give fuzzy readings (especially when the batteries are […]