Earlier this morning the German news paper Süddeutsche Zeitungm released what they call the “Paradise Papers,” a play off the infamous Panama Papers leaked by the international media in 2016. Comprised of over 13.4 million documents, today’s newest leak provides evidence allegedly exposing how multi-billion dollar companies and wealthy individuals the world over all use offshore accounts as means for tax evasion and avoidance, collectively costing individual Governments billions of dollars worth of revenue each year.
Among others, the leaks implicate Prime Minister Trudeau of Canada, the Queen of England, corporations such Nike, Apple, as well as Wilber Ross, an active member of Donald Trumps Presidential cabinet.
As the leaks were just released this morning, November 6th 2017, the situation is still developing. However, a team of journalists at Süddeutsche Zeitungm has reportedly passed all of the information along to press agencies around the world and as we speak, a media coalition of 96 different press agencies, including The Guardian, The New York Times and BBC, are all working together to sift through the data. More detailed reports on this leak will certainly be coming out in the days, weeks and months to follow.
Interestingly enough, one of the first agencies to report of the leak was Amnesty International whom, speaking about the leaked documents in a statement available on their website, said that “The appalling revelations in these papers, and the ensuing outcry, should prompt the international community to urgently look at finding global solutions to tax abuse, and at ways of holding those responsible to account.” Adding that “We owe it to the world’s most vulnerable people to make sure the richest individuals and most powerful corporations pay their way.”
As Iain Byrne, Economic, Social and Cultural Rights Advisor at Amnesty International also stated, “When people do not pay their fair share of tax, it’s the poor who suffer the most. At a time when governments around the world are slashing spending on health, education, housing and welfare support, it’s shameful that so many wealthy individuals and companies are being allowed to stow away billions of dollars in tax havens.”
Stay tuned for more information on the leaks as the situation continues to unfold….
This article “The Paradise Papers, The Worlds Newest Leak” is free and open source, published under a Legacy Publishers License
Categories: Hacking News