Anatomy of how crooks use financial secrecy in the UK and New Zealand to rip off international investors with impunity

The financial secrecy regimes in New Zealand and the UK create many opportunities for "jurisdictional regulatory arbitrage," playing each system's weaknesses off against the other to operate in near-perfect secrecy, creating companies whose owners are anonymized but still able to cash out the firms' profits -- an enormous boon to fraudsters who run Ponzi schemes and other dodgy enterprises that rely on the UK and New Zealands' reputation as places of good governance and financial uprightness. Read the rest

Simklept: Kleptocrat is a mobile game that uses real-world financial crimes to simulate being a tax-dodging one percenter

Kleptocrat is an Ios-only mobile game that challenges players to play as billionaire tax-dodgers, who construct ruses to hide their money from the tax authorities in the countries where the state guards their wealth, educates the workforce, and keeps everyone from dropping dead of infectious diseases. Read the rest

Treasure Islands: EU publishes a blacklist of 17 tax-havens and a long-list of runner-up tax avoidance jurisdictions

The EU's new blacklist of 17 money-laundering financial secrecy states includes South Korea, Mongolia, Namibia, Panama, Trinidad & Tobago, Bahrain and the United Arab Emirates, and also includes a long-list of places like Guam, Jersey, Guernsey and the Isle of Man. Read the rest

Excellent, plain-language explainer on corporate and 1 percenter tax evasion, with a simple solution

The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals like Google and Apple, as well as the super-rich, using plain language and explanatory graphics to get past the deliberately eye-glazing tedium of these arrangements, a shield of boringness that has allowed the super-rich to hide $8.7 trillion from tax authorities while taking advantage of national courts, education, roads, police, and health care. Read the rest

The Paradise Papers: another tax-shelter leak implicates Apple, Trump, Putin, Hollywood, Twitter, Facebook, the Queen and more

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. Read the rest

Panama Papers journalist assassinated by car bomb in Malta

Daphne Caruana Galizia, one of the lead journalists on the Panama Papers story, has been assassinated by a car-bomb in the town of Bidnija in northern Malta. Read the rest

Leaked tax-haven data shows that the super rich are way, way richer than suspected

When Thomas Piketty and his team undertook their landmark study of wealth inequality in the world, they had to rely on the self-reported income of the super rich to see just how income was distributed -- by definition, they couldn't directly measure the unreported income hidden in tax havens (though they did estimate it, with what was eventually shown to be pretty good precision). Read the rest

Panama Papers' journalists school the daughter of Pakistan's PM Sharif on Twitter

The 2016 Panama Papers story confirmed that many world leaders were availing themselves of money-laundries to secretly funnel their wealth offshore, with results ranging from severe embarrassment to radical changes in governments. Read the rest

When Theresa May called snap elections, she killed tax-haven reform

One of the consistently underreported elements of Brexit and all that's come after it is that leaving the EU will also let the UK -- the world's most prolific launderer of filthy criminal money -- escape the tightening noose of European anti-money-laundering measures. Read the rest

Even by the standards of tax-havens, Gibraltar is pretty sketchy

As Brexit shambles on, UK Tory Parliamentarians and Theresa May are spoiling for a re-run of the Falklands Island debacle, this time over Gibraltar, a British outpost at the tip of Spain. Read the rest

Pirate Party invited to form Iceland's next government

Though the October polls that predicted a great showing for the Pirate Party in the Icelandic elections turned out to be wrong, that election did end with a deeply divided parliament that has been unable to find enough common ground upon which to form a new government. Read the rest

Snowden to journalists: your best defense is legal limits on spying, not crypto

Edward Snowden videoconferenced with a journalism roundtable at Editors Lab participants at Süddeutsche Zeitung (home of the Panama Papers) about the effect of state surveillance on a free press. Read the rest

The Pirate Party are poised to form Iceland's government in Saturday's election

Last April, the Icelandic government nearly toppled when Parliament was dissolved, after the Panama Papers revealed that Prime Minister Sigmundur Davíð Gunnlaugsson was laundering money with Mossack Fonseca -- only fear of the popular groundswell for the Pirate Party drove the establishment to keep the government limping along -- until now. Read the rest

Lickspittle consigliere: how the super-rich abuse their wealth managers as loyalty tests

Sociologist Brooke Harrington got her Trust and Estate Planning certification in order to study the super-secretive world of the wealth managers who are in charge of hiding the $21 trillion controlled by the world's super-rich from tax authorities, feckless descendants, religious leaders, tax justice activists, kidnappers and extortionists. Read the rest

Stiglitz quits Panama's official money-laundering panel over internal sabotage

Nobel prize-winning economist Joseph Stiglitz has resigned from the Panamanian committee set up to probe the country's money-laundering industry in the wake of the Panama Papers leak, because the Panamanian government has reneged on its promise to publish the committee's findings and now says it will keep them secret. Read the rest

How to pay no taxes at all! (if you're Apple, Google or Facebook)

In only 7 minutes, Australian comedy show The Undercurrent explains exactly how companies like Apple, Google and Facebook use offshore registration, transfer payments, debt loading and tax havens to get a lower tax rate than nurses, starving their host countries like Australia of so much money that they're cutting schools, medicare, public broadcasting, climate change and indigenous services. Read the rest

Iceland's Pirate Party to receive millions in election funding

Iceland's elections are publicly funded, with funds awarded based on polls of the electorate; the Pirates have consistently polled higher than any other party, and the incumbent coalition (whose parties are polling in the single digits) has been scrambling to avoid a general election after the Panama Papers revealed that he had secret offshore accounts that benefited from his bailout of Iceland's planet-destroying banks. Read the rest

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