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Paradise Papers: Tax haven secrets of ultra-rich exposed

Politics
yelizaveta

Following the Panama Documents, the next offshore artillery scandal has risen in the world with the name Paradise Papers. It is based on the outflow of financial documents from major offshore law firms registered in Bermuda islands and Singapore.

Offshore scandal involves Queen Elizabeth II of England, Russian and US officials who invested offshore.

There are 13.4 million documents in the Paradise Papers, which, like the Panama Papers, appeared at the disposal of the German newspaper Süddeutsche Zeitung. The documents were transmitted to the International Investigative Journalists' Journal (ICIJ) for an investigation. The case involves 380 journalists and 100 media outlets, including The Guardian, BBC, New York Times.

The Paradise Papers show that about £10m ($13m) of the Queen's private money was invested offshore.

Donald Trump's supporter, current US Trade Minister Wilbur Rose's offshore deals are also mentioned in the Paradise Paper. In 2014, he received $ 68 million from the Russian energy company, whose co-owner is Putin's son-in-law. There are 2 Russian billionaire offshore networks.

According to the Paradise Paper, 10 trillion dollars are invested offshore.