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Paradise Papers leak reveals secrets of the world elite's hidden wealth
by Juliette Garside
The Guardian Translate This Article
5 November 2017
On 5 November 2017 The Guardian reported:
The world's biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain's offshore empires. The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive -- and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth. [Revelations have included]: How Twitter and Facebook received hundreds of millions of dollars in investments that can be traced back to Russian state financial institutions; Aggressive tax avoidance by multinational corporations, including Nike and Apple; The secret loan and alliance used by the London-listed multinational Glencore in its efforts to secure lucrative mining rights in the Democratic Republic of the Congo ...
Global Good News service views this news as the failure of modern business and government systems.
Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.
The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Suddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC, and the New York Times.
The project has been called the Paradise Papers. It reveals ...
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