Source: bbc.com
The paradise papers are a collection of 13 million documents that expose the financial exploits of the rich and famous (or so to be infamous). The papers list includes people from politicians to movie stars etal.
The highlights for today:
Prince Charles campaigned to alter climate-change agreements without disclosing his private estate had an offshore financial interest in what he was promoting
An entrepreneur charged with managing the oil wealth of the struggling African state of Angola was paid more than $41m in just 20 months
The Isle of Man has rejected claims it is a tax haven, saying it doesn't welcome those "seeking to evade or aggressively avoid taxes"
They came after a wave of stories on Monday, including:
Apple has protected its low-tax regime by using the Channel Island of Jersey
Formula 1 champion Lewis Hamilton avoided tax on his £16.5m luxury jet, the papers suggest
A Lithuanian shopping mall partly owned by U2 star Bono is under investigation for potential tax evasion
How three stars of the hit BBC sitcom, Mrs Brown's Boys, diverted more than £2m into an offshore tax-avoidance scheme
And the stories on day one revealed:
The Queen's private estate invested about £10m offshore including a small amount in the company behind BrightHouse, a chain accused of irresponsible lending
One of President Donald Trump's top administration officials kept a financial stake in a firm whose major partners include a Russian company part-owned by President Vladimir Putin's son-in-law
Lord Ashcroft, a former Conservative party deputy chairman, has denied allegations he ignored the rules around how his offshore investments were managed.
The hardest thing to get over is that this money they are secreting away so they can avoid paying taxes is money that was likely stolen from tax payers whom have no such luxuries because they have been taxed to the point of poverty. This is likely the reason the 'middle class' is disappearing. Another thing is when these 'elite' grandstand on how they are working to make things better. Recall how the clinton foundation was collecting donations to help Haiti? How about the gates foundation pushing vaccinations to help the children.
