13. 5 , 000, 000 documents, mostly from a law firm focusing on overseas finance, were analyzed by "Le Monde", linked to the International Consortium of Investigative Journalists and 96 media partners.
What are the White House men like Wilbur Ross and Rex Tillerson, Stephen Bronfman, treasurer of the Tolerante Party of Canada and near Prime Minister Mr. bieber Trudeau, but also multinationals like Nike and Apple, great French fortunes, Russian oligarchs, African businessmen and sportsmen?
They share the poster "Paradise Papers", the new international survey on tax havens and just offshore activities, published today by Le Monde, associated with the International Consortium of Investigative Journalists (ICIJ) and 95 media partners on the globe. world. world, including the S? ddeutsche Zeitung in Germany, the Guardian in the Combined Kingdom and the Fresh York Times in the usa.
No cost abstract: Elisabeth II, voisinage of Trump, Trudeau... the first revelations of the "Papers of Paradise"
18 months after the "Panama Papers", this survey, which mobilizes a dozen media from the World for over a year, uses including seven million documents caused by a massive outflow of data (leaked in English). an international practice, Appleby, based in Short. It requires a fresh look at the black openings of global finance and reveals how, thanks to superior tax optimization techniques, trillions of dollars still escape tax and corporate authorities.
Based on the calculations specially made for Le Lieu and ICIJ by Gabriel Zucman, a French economist and professor at the University of California at Berkeley, tax evasion of corporations and large performance costs 350 billion pounds of tax losses every year to the says worldwide, including 120 billion dollars for the European Institute. The deficit for Italy is 20 billion local currency a year. This is the very first time that such a fine and thorough estimate has happened.
As opposed to the "Panama Papers", this new survey focuses less on dirty money washing, resulting from tax forestalling and other against the law activities (trafficking of arms, drugs, and so forth ) than legalized by battalions. experts in tax marketing. Money here has most often been taxed lawfully or on the line of legality, thanks to loopholes in the international tax system.
Faults to circumvent the rule
The firm Appleby, which is the origin of almost all of the documents of this new leak, is part of the "Rolls-Royce" of overseas finance. From these companies, which can be positioned in major metropolitan areas, to metropolis of Greater london in order to Wall Street, Fresh York. From those people who are asked to international conferences on responsible offshore and place the example to defend a reputed industry tainted with repeated scandals.
Appleby includes 700 employees working for a global business professional: a population of ultra-rich and prestigious multinational companies, established in the most active offshore financial centers, including Bermuda, the Cayman Islands, Jersey or maybe the Region of Man...
Appleby's legal representatives are far from exempt from the guidelines as easily as their Panamanian counterparts from Mossack Fonseca. Proud of their reputation, they affix great importance to the satisfaction of their customers by pushing as considerably as possible the limitations of legality. This is certainly specifically what makes the sodium and the interest of this new investigation. That opens the doors associated with an ever-changing offshore industry to find loopholes in express laws to circumvent the rule and evade their taxes.
In the returning days, the "Papers of Paradise" will reveal the offshore secrets of known multinationals, including French, who artificially move their financial flows to jurisdictions with zero taxation, in order to pay the least tax possible. where they actually operate. The secrets, too, of big conglomerates hidden behind a countless of fictitious companies, to escape the controls. These kinds of, finally, mining companies apply tax havens as monitors for suspicious transactions.
Travel and leisure in offshore Europe
The "Papers of Paradise" will also make you travel... Inside the Mediterranean, in Malta, and the Irish Sea, on the Department of Man. Two island territories that, despite their small size, tax Western Union (EU) tax income by attracting private vessels and jets from billionaires, insurance companies and online gaming companies, thanks to
The "Paradise Papers" thus shine the spotlight on these many businesses that, like Appleby, have long been ignored in the fight against tax havens. Yet they are the ones who contribute, by their legal genius, to opacify a financial world that states have always more difficult to regulate.