Paradise Papers: The rich and powerfuls' black money trail comes to light in largest-ever data leak
ET Online|
Updated: Nov 06, 2017, 12.07 AM IST
18 months after the Panama Papers, the biggest ever financial data leak came to light today, obtained by German newspaper Süddeutsche Zeitung and probed by the International Consortium of Investigative Journalists (ICIJ) in collaboration with 96 news agencies including the Guardian, the BBC and the New York Times, among others.
The leak embroils top global companies, heads of state, political hotshots, apart from entertainment and sports stars who have hidden their money in tax havens.
The wealth of data, known as the Paradise Papers, has revealed hitherto-unheard of information about offshore companies and a host of tax havens — numbering 19 — that have been enabling rich people, including Indians — to park their wealth to other countries.
The information is detailed in a trove of millions of leaked documents reviewed by the Guardian, the ICIJ and other partners, along with other previously unreported filings.
This leak is likely to put heavy pressure on world leaders who have gone on record with pledges to check tax avoidance. These leaders include Donald Trump and Theresa May.
The leak embroils top global companies, heads of state, political hotshots, apart from entertainment and sports stars who have hidden their money in tax havens.
The wealth of data, known as the Paradise Papers, has revealed hitherto-unheard of information about offshore companies and a host of tax havens — numbering 19 — that have been enabling rich people, including Indians — to park their wealth to other countries.
The information is detailed in a trove of millions of leaked documents reviewed by the Guardian, the ICIJ and other partners, along with other previously unreported filings.
This leak is likely to put heavy pressure on world leaders who have gone on record with pledges to check tax avoidance. These leaders include Donald Trump and Theresa May.
