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]
Arizona realtor Andy Gregg's Nest doorbell/camera started talking to him: the voice on the other end identified itself as a Canadian "white hat" security researcher who'd broken into his camera by using a password that Gregg had used on multiple services, including some that had been breached. The hacker warned him that he was vulnerable […]
Prior to 1976, the FDA did not regulate medical implants, and so shoddy and even deadly devices proliferated, inserted into Americans' body.
Leon Hong writes, "I made this science-y animation for my wife Elaine Hsiao's research — with the hopes that people will learn something new about how all the microbes that live in and on us affect our brains and behavior."
For the true audio enthusiast, there’s a lot of difference between putting on some songs “for background music” and a true listening experience. For the latter, there’s nothing like a pair of sturdy headphones and the powerful speakers that come with them. And the wireless variety doesn’t get much more powerful than the TREBLAB Z2 […]
Digital or analog, there’s a path of least resistance for any project. Finding that path is what the Agile methodology is all about, which is why proficiency in it is a must for any project management position – and the paycheck that comes with it. And the quickest path to learning Agile? The Agile Project […]
Everybody’s flown a paper airplane. But what if you could fly on a paper airplane? Until we invent shrink-ray technology, the PowerUp X FPV Video Paper Airplane Kit will have to do – but it’s as fun as that sounds and more. The original version of this creative toy added drone tech to the old, […]