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]
A team at MIT’s Department of Mechanical Engineering and Department of Civil and Environmental Engineering have created a set of foldable, 3D printed robots that are doped with magnetic particles that are precisely aligned during printing; when triggered by a control-magnet they engage in precise movements: grabbing, jumping, rolling, squeezing, etc.
Cyriak Harris is writing a novel titled “Horse Destroys the Universe.” Cyriak has been creating strange animated GIFs and videos for more than a decade so he made a promo animation for his book-in-progress. Guess what? It’s incredibly weird and amazing. From the novel description: Life was simple for Buttercup the horse. Chewing grass in […]
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Projects big and small always go smoother when the whole team is collaborating, but members tend to get lost once the conference call ends. Timelinr is a project management solution that helps keep your stakeholders, team, and clients in the loop with high-level project roadmaps and granular task boards. Subscriptions are available today for $49.99. […]
The Adobe Creative Cloud is home to a suite of editing tools today’s creatives count on to produce their content. Whether you’re an aspiring photographer, animator, or graphic designer, Adobe’s programs can help you in your creative pursuits, and with the Complete Adobe CC Training Bundle, you can come to grips with six of them for […]
Your pet might be photogenic, but getting them to stare long enough at your camera to snap that Instagram-worthy photo isn’t as simple as telling them to sit. Bribing your pets with their favorite treat, however, might just do the trick, and with the Adjustable Pet Selfie Smartphone Attachment, you can do just that while getting […]