Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

ICIJ Begins to Release the “Paradise Papers”

Posted by fhalestewart on November 5, 2017


As you may know, the International Consortium of Investigative Journalists released the Luxembourg Leaks database in 2014 (which you can view here).  This showed a number of EU based tax structures based in Luxembourg.  “Luxembourg Leaks” helped to jump-start the OECD’s base erosion and profit shifting initiative.

From today’s release:

The Paradise Papers is a global investigation into the offshore activities of some of the world’s most powerful people and companies.

The International Consortium of Investigative Journalists and 95 media partners explored 13.4 million leaked files from a combination of offshore service providers and the company registries of some of the world’s most secretive countries.

The files were obtained by the German newspaper Süddeutsche Zeitung.

The Paradise Papers documents include nearly 7 million loan agreements, financial statements, emails, trust deeds and other paperwork from nearly 50 years at Appleby, a leading offshore law firm with offices in Bermuda and beyond.

 

In 2009, F. Hale Stewart, JD. LL.M. graduated magna cum laude from Thomas Jefferson School of Law’s LLM Program.  He is the author of three books: U.S. Captive Insurance LawCaptive Insurance in Plain English and The Lifetime Income Security Solution.  He also provides commentary to the Tax Analysts News Service, as well as economic analysis to TLRAnalytics and the Bonddad Blog.  He is also an investment adviser with Thompson Creek Wealth Advisors. 

 

 

 

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