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]
It's been five years since Ta-Nehisi Coates's groundbreaking The Case for Reparations ran in The Atlantic; yesterday, Coates appeared before Congress to celebrate Juneteenth with a barn-burning statement that starts as a response to Mitch McConnell's dismissal of racial injustice in America, but quickly becomes more than that -- a Coatesian masterclass in understanding race, […]
Deviant Ollam runs a physical security penetration testing company called The Core Group; in a flat-out amazing, riveting presentation from the 2017 Wild West Hackin' Fest, Ollam -- a master lockpicker -- describes how lockpicking is a last resort for the desperate, while the wily and knowledgeable gain access by attacking doors and locks with […]
Philadelphia's Mutter Museum (previously) is one of my favorite museums in the world: built from the private collection of pathologist Dr Thomas Dent (who aggregated the collections of many other pathologists), it is a solemn and moving place to see the incredible breadth of human physiognomy and pathology.
This all-in-one computing solution packs a healthy dose of processing power packed inside a 21.5″ HD LED display. It also features an Intel Core i3-2100 Dual-Core 3.1GHz CPU with 4 GB of DDR3 RAM for next-level multitasking and an impressive 250 GB SATA hard drive that can safely store your important files and media. So […]
So you cut the cord and got rid of cable? Join the steadily growing club. But while you’re out picking a streaming service, you might find one big blind spot: Local TV and sports, not to mention first-run programming from the big cable networks. Luckily, there’s a throwback way to get it for free: The […]
Even if you feel like AirPods are worth the price tag, you’ve got to admit there’s a certain anxiety that comes with using them. What if I lose them? What if they get wet in the rain? Or drenched in sweat? Or fall into the drink you dropped them into? Shiny tech is great, but […]