Paradise Papers

Paradise Papers: Secrets of the Global Elite - ICIJ

A global investigation that reveals the offshore activities of some of the world’s most powerful people - including U.S Secretary Wilbur Ross and multinational companies., Amaryllis Fox Kennedy, who recently stepped down from two senior administration posts, was serving as a CIA officer during the dispute., Documents from the Paradise and Pandora Papers leaks showed the "full extent" of the hidden financial schemes set up by Marcial Maciel, a priest found to have molested at least 60 children., Nine years after the Panama Papers helped turbocharge authorities’ pursuit of hidden wealth, the global impacts of ICIJ’s offshore investigations are still being felt., Scottish investigative outlet The Ferret found billionaires, bankers and sports stars were behind a Cayman Islands firm that owns the picturesque Loch Lomond Golf Club., An analysis by CIPER Chile and LaBot found the bulk of the unpaid taxes the treasury intends to claw back are likely linked to an ongoing Paradise Papers-related case against Swiss mining giant Glencore., The court concluded Ireland illegally cut the tech company a preferential tax deal, after Paradise Papers revealed major tax advantages., ICIJ spoke to disinformation experts about how these campaigns fuse fact with fiction, and engage in narrative laundering to trick audiences., A minority of countries that opposed a legally binding U.N. tax convention may seek to water it down, experts warn, risking the new convention becoming as “inconsequential as the OECD.”, Citing both ICIJ’s Pandora and Paradise Papers revelations, an international accounting organization has for the first time urged accountants to consider public interest — and harm — when working on tax minimization schemes., Advocates celebrated the resolution as a key step toward better representation for developing countries, but warned wealthy countries against further attempts to delay the much-needed reforms., Prosecutors were seeking an eight-year prison sentence for the singer — whose use of offshore companies was exposed by ICIJ — over nearly $16 million in unpaid income taxes., The global accounting and auditing firm has featured in multiple ICIJ investigations, as well as legal and ethical dustups around the world., Tax havens continue to play a key role in helping billionaires and multinational corporations dodge taxes, according to a new report, which found that the ultra-rich pay almost no tax., The United Nations is on the cusp of negotiating an international tax convention to tackle inequality and tax abuse, but transparency advocates say some wealthy countries are “dragging their feet.”, The U.N. chief pushed for a bigger say in the international tax agenda and said the group of wealthy countries had ignored the needs of developing nations., The U.K. continues to lead the so-called “axis of tax avoidance,” which drains an estimated $151 billion from global coffers through corporate profit shifting, a new report found., Following pushback from business groups, the Australian government has scaled back a new law meant to crack down on profit-shifting by some of the world’s biggest companies., The Australian plan will require the world’s biggest companies to reveal new details about their country-by-country earnings and tax bills. It’s sparked calls for more countries to follow suit., To really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests., Tax fairness advocates marked the resolution as a "historic win" in the push to wrest control of global tax policymaking from the small group of wealthy nations who have traditionally dominated the space., A proposed new law aiming to clamp down on multinational companies that shift their profits to tax havens is being called a model for the U.S. and EU to adopt., After years of stalled efforts, a new draft resolution submitted to the General Assembly calls for a global tax body that could set international tax standards and stamp out corporate tax dodging., ICIJ’s Paradise Papers and Pandora Papers investigations had previously exposed the popstar’s web of shell companies in offshore jurisdictions., Paradise Papers reveal how billionaire Andrei Skoch financed the acquisition of luxury assets including a yacht now targeted by U.S. sanctions, while offshore law firm Appleby disregarded his alleged ties to Russian criminal groups., ICIJ’s vast trove of leaked financial data features details on Russian oligarchs, billionaires and political power players, including members of President Vladimir Putin's inner circle, who are coming under increased scrutiny in light of Russia’s invasion of Ukraine., For a decade, ICIJ has revealed the financial secrets of Russia’s most powerful people. Our team is mining millions of leaked files for new revelations., Elites close to Vladimir Putin have funneled billions through tax havens to evade scrutiny and oversight. Lawyers, proxies and bankers across the world made it possible., ICIJ investigations over the years have uncovered massive money movements by prominent Russians close to President Vladimir Putin who have earned scrutiny by international authorities., While the OECD has trumpeted the agreement as a “major victory,” civil society groups have slammed the deal for pandering to tax havens at the expense of poorer nations., The footwear giant argued that it’s being singled out after the Paradise Papers investigation revealed its Dutch tax arrangements. , After a decade of exposés and scandals, leaders from more than 100 countries have agreed to a minimum tax rate for multinational companies to pay wherever they operate. , Years of complex exposés on the offshore financial system has bred a global army of journalists who know the right questions to ask to investigate dirty money, tax dodging and suspicious transactions. , The deal has been praised as a historic step in ending the ‘race-to-the-bottom’ between tax havens, but will need international backing to move forward. , The new rules will force multinational companies to report tax information for each EU country where they operate, but leave out most of their operations in the rest of the world. , The European Commission’s latest attempt to tackle corporate tax dodging and profit shifting would require unanimous approval by EU member states, some of which serve as tax havens. , The new analysis is based on corporation data first released in 2020 as part of an OECD-coordinated effort to tackle tax avoidance worldwide. , Dan Gertler was first frozen out of the U.S. financial system in 2017 after Paradise Papers exposed how he helped secure lucrative mining rights for commodities giant Glencore., An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds., The forum of wealthy nations urges countries to target and disrupt ‘enablers’ of tax evasion, money laundering and other illicit finance. , ICIJ and the Global Alliance for Tax Justice among nominees that also include Committee to Protect Journalists, Russian dissident Alexei Navalny and climate activist Greta Thunberg., How Merck keeps the price of its blockbuster cancer drug sky-high, shutting out patients and straining health care systems around the world., Tens of thousands of secret photos and intelligence files expose the Assad regime’s killing machine., How the crypto boom minted a shadow economy that thrives on crime — and left a trail of devastated victims., How Beijing abuses international institutions to terrorize its critics and extend its repressive tactics worldwide., How Western oil companies bet on Kazakhstan, turned a blind eye to corruption risks — and ended up at the mercy of Vladimir Putin., A glimpse inside the tiny kingdom of Eswatini — Africa’s last absolute monarchy — where suspicious money flows and the elite exploit proximity to the king., A new investigation by ICIJ and 68 media partners exposes the sprawling financial industry that has powered the Putin regime as it dominates its neighbors — and undermines the West., An ICIJ-led cross-border investigation exposes how a lightly regulated sustainability industry overlooks forest destruction and human rights violations when granting environmental certifications., The case stems from ICIJ’s Cancer Calculus investigation into the world's best-selling drug’s sky-high price and its global consequences., The Ministry of Justice Investigation Bureau probe corroborates ICIJ and Citizen Lab’s findings that attacks against journalists were part of a coordinated espionage campaign sponsored by Beijing. , In a letter, Sen. Maggie Hassan cited ICIJ's Cancer Calculus investigation and expressed concerns that the pharma giant is boosting profits at the expense of patients., Nicos Anastasiades may have misused his office to advance his and his allies’ interests, according to a sprawling probe that also names his former law firm and other officials.

Browse | ICIJ Offshore Leaks Database

Find out who’s behind more than 800,000 offshore companies, foundations and trusts from ICIJ’s investigations.