December 14, 2017

London offshore conference: ‘Paradise Papers’ seen as latest of myriad challenges

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By: Helen Burggraf From International Investment London offshore conference: ‘Paradise Papers’ seen as latest of myriad challenges It was inevitable, says Offshore Alert founder David Marchant, that the recent Paradise Papers scandal would be a major topic of conversation at the US-based investigative publication’s annual conference in London earlier this week, even though it broke […]

Experts urge Caribbean to take action against corporate tax fraud

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By Nelson A. King From Caribbean Life In the wake of the “Paradise Papers” leak, two United Nations human rights experts are urging Caribbean and other states to take action against corporate tax fraud. The experts on Friday also urged ratings agencies to downgrade businesses responsible for unethical practices, such as tax evasion, carried out […]

Paradise Papers expose Latin America’s tax haven seekers

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From telesur Politicians, social organizations and businessmen across the region have opened offshore companies and accounts for tax havens. The 13.4 million documents released this weekend, dubbed the Paradise Papers, have shown that among the prominent world figures with offshore accounts, a number of Latin American politicians are under investigation. Some of the top profiles […]

The Scotsman’s Bill Jamieson: is it so bad to avoid tax within the law?

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By BILL JAMIESON From The Scotsman The reporting of the so-called Paradise Papers suggests tax avoidance is morally wrong but is it really so bad to limit how much you pay within the law? Feast your eyes on the tax haven secrets of the rich and powerful! Fortunes hidden in offshore accounts! Few exposures have […]

U of T’s endowment, pension funds have investments in two offshore tax havens

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By ROBERT CRIBB From The Star The pension fund holds shares in WLR IV Loans AIV Feeder (Cayman), Ltd., part of a web of offshore companies traced to U.S. Secretary of Commerce Wilbur Ross, who founded a coal company implicated in the deaths of a dozen miners and an investment company fined $2.3 million (U.S.) […]

Cayman Islands Minister Rivers’ Statement on the Paradise Papers”

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Statement on the ‘Paradise Papers’ Minister of Financial Services and Home Affairs, The Hon. Tara Rivers, JP, MLA This weekend the international media published articles based on documents that they are calling the Paradise Papers. These documents, as the public is aware, were taken from servers in a number of Appleby offices. The Cayman Islands, […]

Cayman Islands’ Tony Travers says journalists who leaked the Paradise Papers should “be in prison”

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Chairman of the Cayman Islands Stock Exchange, Anthony Travers, speaking on the BBC’s “Newsnight” television programme said: “I have no idea what tax haven means and nor do you. What we are talking about is offshore financial centres that have complete transparency, the highest global standards and, incidentally, higher than the United States of America. […]

Paradise Papers: Jeremy Corbyn [UK Labour Leader] suggests Queen should apologise if offshore funds were to avoid tax

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By Richard Vaughn From iNews The Queen should apologise if it is revealed that the decision to invest her private wealth in offshore accounts was done to avoid paying tax, Jeremy Corbyn has suggested. Millions of financial documents and emails, dubbed the Paradise Papers, leaked to the media show that the monarch’s private estate invested […]

Paradise Papers: MoS Jayant Sinha’s links with Omidyar in Appleby files

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By Shyamlal Yadav From Indian Express Omidyar Network invested in D.Light Design which took a loan of $3 mn through its Cayman Islands subsidiary. Records show Sinha served as Director of D.Light Design founded in 2006 in San Francisco. Before he was elected Lok Sabha MP from Hazaribagh in Jharkhand in 2014 and became a […]

UK: We can’t rely on leaks to enforce tax policy. Labour will crack down on havens

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By Andrew Leigh From The Guardian UK The Paradise Papers show why Labor’s policy to force companies to report their use of tax havens is so necessary Another day, another leak showing dodgy dealings in tax havens. The so-called Paradise Papers, a leak of 13.4m files from two offshore service providers, reveal tax avoidance by […]