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Paradise Papers & Bahamas Leaks & Panama Papers - Latest News

The Panama Papers leak is being referred to as the biggest leak of financial data ever.  Our Firm has started this NEWS PAGE to track the latest news related to the leak. 

November 8, 2017 - The Paradise Papers: Revelations Spring From Leaked Records Of World's Wealthy
"At least 31,000 of the individual and corporate clients included in Appleby's records are U.S. citizens or have U.S. addresses, more than from any other country," the ICIJ said in a statement about the release. "Appleby also counted clients from the United Kingdom, China and Canada among its biggest sources of business."

November 8, 2017 - Paradise Papers reveal offshore accounts of world’s wealthy
U2 singer Bono, whose real name is Paul Hewson, was shown to be an investor in a Maltese company that bought a shopping center in Lithuania. His spokeswoman said he was a “passive minority investor” in a company that was “legally registered” in Malta.

November 8, 2017 - Paradise Papers reveal how sports giant Nike stays one step ahead of the tax man
Between 2005 and 2014, vast sums were sent out from Netherlands to zero-tax state Bermuda through Nike International Ltd, which was registered on the Caribbean Island and held all intellectual property rights for its shoes.

November 8, 2017 - Paradise Papers: Trove of leaked documents reveal how the wealthy stash their cash
The leaks detail the massive sums of money parked in some 25,000 companies headquartered for tax reasons in locales including the Cayman Islands, the British Virgin Islands, Bermuda and the Isle of Man.

November 8, 2017 - Apple reportedly moved cash to island to avoid Irish taxes
The Paradise Papers data leak details Apple's efforts to shelter more than $250 billion in overseas cash.

November 8, 2017 - How Business Titans, Pop Stars and Royals Hide Their Wealth
Appleby had 31,000 American clients, the most common nationality by far. The firm’s files include a who’s who of the nation’s wealthiest citizens: prominent Democrats like George Soros, the financier and philanthropist, and Penny Pritzker, commerce secretary in the Obama administration; and high-profile Republican supporters of President Trump, including Sheldon Adelson, the casino magnate, and Carl Icahn, the private equity investor.

November 8, 2017 - The Paradise Papers Data Dump: What's Been Reported So Far
Here are the highlights so far of the reporting by the International Consortium of Investigative Journalists and partner news outlets on the so-called Paradise Papers. Bloomberg hasn’t seen the leaked documents:

November 8, 2017 - business / Investments share this Asia’s rich and mighty exposed in Paradise Papers
Headlining the leaks are also Queen Elizabeth II of Britain, Queen Noor of Jordan, former Canadian prime ministers Jean Chretien, Paul Martin and Brian Mulroney and pop stars Madonna and Bono of U2.

November 8, 2017 - Paradise Papers reveal Lewis Hamilton ‘dodged’ taxes on his £16.5m luxury private jet
The F1 ace bought the £16million Bombardier CL605 Challengerin 2013 through a series of offshore companies registered in the British Virgin Islands, Guernsey and the Isle of Man

November 8, 2017 - BMO's offshore dealings detailed in Paradise Papers leak
It contains thousands of documents relating to all five of Canada's big banks, most of them to do with the mundane, daily details of operating a globe-spanning financial conglomerate. Much of the material comes from Appleby, a law firm that offers offshore legal and administration services in eight tax havens around the world.

November 7, 2017 - Paradise Papers Leak Exposes World Elite's Off-Shore Tax Havens
"The Paradise Papers reveal offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II whose private estate indirectly invested in a rent-to-own loan company accused of predatory tactics. At least 13 allies, major donors and Cabinet members of U.S. President Donald Trump appear, including Commerce Secretary Wilbur Ross’s interests in a shipping company that makes millions from an energy firm whose owners include Russian President Vladimir Putin’s son-in-law and a sanctioned Russian tycoon," the press release by ICIJ summarized.

November 7, 2017 - Who's named in the Paradise Papers? A list and a primer on why it matters
The Paradise Papers are a treasure trove of some 13.4 million leaked records from a Bermudan law firm, revealing how the world's wealthy people stash their money in offshore accounts and avoid paying taxes.

October 30, 2017 - ICIJ could release Australian links to Bermuda law firm Abbleby
The International Consortium of Investigative Journalists has approached the firm with allegations of wrongdoing, which the firm strongly denies. T

October 25, 2017 - Journalists Expose the Riches of Putin's Distant Relative
A group of journalists behind the Panama Papers offshore accounts expose published an investigation Wednesday detailing how a distant relative of Russian President Vladimir Putin has made a fortune.

October 25, 2017 - Panama Papers 2? The financial secrets of the super-rich may be about to be leaked after an offshore law firm was hacked
Super-rich clients of offshore law firm Appleby are bracing themselves for the exposure of their financial secrets, after the firm admitted data had been stolen in a cyber attack last year.

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