An ICIJ Investigation Paradise Papers: Secrets of the Global Elite

The Long Twilight Struggle Against Offshore Secrecy

A new mass data leak, this time from an elite law firm with elite clients, shows how deeply offshoring is embedded in the global financial system.

A new leak of confidential records reveals the financial hideaways of iconic brands and power brokers across the political spectrum.

A secret stash of documents provide inside view of storied legal practice founded in Bermuda.

Trump told voters he would put “America First.” But surrounding him are associates who have used tax havens to conduct business.

Key findings

  • Reveals offshore interests and activities of more than 120 politicians and world leaders, including Queen Elizabeth II, and 13 advisers, major donors and members of U.S. President Donald J. Trump's administration
  • Exposes the tax engineering of more than 100 multinational corporations, including Apple, Nike and Botox-maker Allergan
  • Reveals tax haven shopping sprees by multinational companies in Africa and Asia that use shell companies in Mauritius and Singapore to reduce taxes
  • Shines a light on secretive deals and hidden companies connected to Glencore, the world’s largest commodity trader, and provides detailed accounts of the company’s negotiations in the Democratic Republic of the Congo for valuable mineral resources
  • Provides details of how owners of jets and yachts, including royalty and sports stars, used Isle of Man tax-avoidance structures

About this investigation

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

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Four years after Panama Papers, why ICIJ continues to report on tax havens, and those who exploit them.

Vladimir Romanov allegedly looted millions of dollars from a failed bank that will now be clawed back.

A new lawsuit that could roil the volatile, multibillion-dollar market for cryptocurrency stems from a link between executives revealed in the Paradise Papers.

The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.

One of the world’s most important tax havens said it will slowly move towards revealing the individuals behind tens of thousands of offshore companies.

European lawmakers have agreed to create a permanent subcommittee to investigate financial crimes, including money-laundering, tax avoidance and tax evasion.

Australia’s top court has rejected a move by one of the world’s most profitable companies to stop tax officials from using the Paradise Papers.

Fresh revelations from ICIJ investigations, raise the likelihood that sex offender Jeffrey Epstein cloaked his fortune in a series of offshore shell companies registered in notoriously secretive tax havens.

Europe’s competition chief has provisionally concluded that Nike paid too little tax in the Netherlands for each of the past 14 years.

Facing the threat of being blacklisted by the European Union, three British islands synonymous with aiding tax avoidance say they plan to embrace greater transparency.

Authorities in the United States have more information about library card holders than the owners of registered companies and this bipartisan group of U.S. senators wants to change that.

Leaked records shine a light on how the bank helped shield the identities and machinations of the world’s rich and powerful through a single subsidiary.

Investigative reporter Pelin Ünker will avoid prison after an appeals court dismissed a defamation claim brought by the sons of Turkey’s former prime minister.

A European Parliament committee found that seven member states facilitate aggressive tax planning, and recommended an EU financial police force be set up.

The newly-announced European investigation into suspected illegal state aid follows ICIJ’s Paradise Papers reporting, which uncovered details of Nike’s global tax strategy.

An Istanbul court has sentenced ICIJ member Pelin Ünker to imprisonment for 13 months after being found to have defamed her nation’s former prime minister and two of his sons.

One year on from the Paradise Papers, the mining giant has sought to protect its tax secrets in Australia while agreeing to a financial settlement with Canadian regulators.

We answer your questions relating to our 2017 investigation.

Close political allies and a family member of Recep Tayyip Erdogan are suing a journalist and her newspaper not for inaccuracies, but for alleged damage to their reputations.

The U.S. Commerce Secretary shorted stock in Navigator Holdings just days after reporters informed him they were about to reveal his holdings in the firm.

The latest dive into the Paradise Papers by U.S. reporters has discovered nonprofits making contradictory investments.

Mauritian authorities have frozen 91 bank accounts linked to investor Jean-Claude Bastos, a key figure from the Paradise Papers with close connections to Angola’s former leaders.

A parliamentary committee will put the British Virgin Islands, Isle of Man and other tax havens under the microscope as part of a new inquiry.

Chicago Tribune reporters used ICIJ’s data to debunk claims by Democratic governor candidate J.B. Pritzker.

Three major offshore hubs in the Caribbean have been added to the EU’s tax haven blacklist.

The companies behind the New Dawn Satellite channeled millions of dollars through offshore companies in Mauritius, one of the continent’s premier tax havens.

A city-by-city travelogue shows the offshore specialist marketing trusts to American clients anticipating or in trouble with the law.

New data from the Paradise Papers will allow you to explore more information on companies registered in the Cook Islands, Samoa and Malta.

A Swiss court has confirmed ongoing criminal investigations into the businesses of Dan Gertler, an Israeli diamond dealer suspected of large-scale corruption in the Congo.

Only nine countries are now left on the European Union’s first tax haven blacklist.

Australian Taxation Office commissioner Chris Jordan talks to ICIJ about national tax authorities’ coordinated global response to the Paradise Papers revelations.

The formal request from four Republicans suggests that links between Russia and social media companies may be a potential factor in new U.S. sanctions.

ICIJ’s Paradise Papers and Panama Papers investigations have spurred many reforms, but ongoing public pressure is needed for more change.

The U.S. Commerce Secretary has sold his stake in a shipping firm with Russian ties, but did he disclose enough information prior to his appointment?

Paradise Papers data reveal Nevis attracts businesses that may want to shelter assets from judgments.

How did Glencore manage to get a $440m discount – the equivalent to a year’s education budget – in the Congo?

EU member states voted on a list of tax havens that includes Barbados and Panama but excludes those that were at the heart of the Paradise Papers revelations.

An online gambling firm used the offshore world to cater to U.S. players until a Justice Department crackdown.

The EU brought forward discussions on a tax “blacklist” after the Paradise Papers, and is now facing pressure to name 35 countries labeled as tax havens by nonprofit Oxfam.

Canadian Liberal Party fundraiser Stephen Bronfman’s connection to companies that were owed millions by an offshore trust lasted into the mid-2000s, despite his claim it ended years earlier.

The head of Sweden’s largest business lobby resigned Wednesday after comments he made amid Paradise Papers revelations about his offshore holdings.

Stephen Schwarzman, an advisor to U.S. President Donald Trump, is CEO of Blackstone Group, which uses “fairly aggressive” tactics to slash its tax bill. Here we publish the documents that detail these maneuvers.

Current and former presidents, ministers and business leaders are among the prominent citizens whose business dealings in tax and secrecy havens have been uncovered.

ICIJ’s Asian partners found offshore deals of Chinese billionaire Jack Ma, Indonesian dictator Suharto’s family, and Bollywood stars in the Paradise Papers.

Revelations by media partners as part of the Paradise Papers have exposed the offshore dealings of some of Africa’s most powerful politicians and most profitable companies.

ICIJ’s searchable database now displays more than 520,000 entities from four different leaks.

Paradise Papers files include revelations of a battle to control part of former South African president’s offshore empire.

The U.S. Congress’ primary ethics watchdog, the GAO has been asked to investigate whether Commerce Secretary Wilbur Ross’ offshore investments could have created conflicts of interest.

Members of the European Parliament and human rights experts for the UN called on member states to clamp down on tax avoidance schemes.

Asiaciti, one of the Asia-Pacific’s biggest offshore specialists, provided secretive companies for clients across the globe.

The Commerce Secretary confirmed he will divest his stake in shipping firm Navigator Holdings, as a group of Democratic senators formally requested an investigation into Ross’ financial holdings.

Vice came behind the scenes with ICIJ from day-one of the Paradise Papers investigation.

Cartoonists around the world took up their pens following the Paradise Papers revelations to share their take on inequality and tax avoidance.

Royalties from thousands of American classics are tucked away tax-free.

One of the world’s largest companies went to extra lengths to keep its ties to a flotilla of commodity freighters secret.

How lawyers and big banks help one of Asia’s largest paper companies expand despite poor environmental record and social conflicts.

A village hoped for a better life. Burkina Faso expected more tax revenue. Residents and officials said Glencore gave them neither.

Bernie Sanders called yesterday for the U.S. Senate to investigate offshore tax evasion, adding to the growing voices in Congress pushing for action.

Prince Charles’ private estate held an undisclosed interest in an offshore company that could have benefited from his campaigning for changes to climate change rules.

A leak of offshore records provides a glimpse into the finances of Republican and Democratic contributors – including a banking magnate who quietly held an ownership stake in an embattled payday lender.

Companies are rushing to the island nation to benefit from secrecy and tax benefits.

Records reveal huge overseas hoards tied to hedge fund tycoon and Democratic donor James Simons and other ultra-wealthy individuals.

Canadian Prime Minister Justin Trudeau has told parliament he is “committed to fighting tax evasion and tax avoidance.”

The U.S. Commerce Secretary said he would “probably not” keep his stake in a shipping company that does business with Putin’s allies, as Democrats call for an investigation.

Elite tax advisers help Apple Inc. and other corporate giants skirt impacts of crackdown on ‘Double Irish’ maneuvers.

Buying a $27-million private jet or plush mega-yacht means millions in sales taxes — unless you know the right pro.

When one tax loophole closes, another opens.

Welcome to Reg and Ruby’s burger shop, Snax Haven, where a clever consultant helps them grow their profits by shifting their secret recipe to a country where there is no tax on profits.

The Power Players interactive explores the offshore companies linked to 40 politicians and their immediate relatives.

Trump cabinet member retains a stake in company that provides shipping for Putin’s son-in-law and sanctioned oligarchs.

Two offshore firms, 19 secrecy jurisdictions, 13.4 million files. The Paradise Papers expose the secrets of the global elite.

Law firm’s internal files reveal oil, mineral and grain trader Glencore signed secret deals and loaned millions to a high-risk business partner.

Long-standing offshore ties of the Liberal Party moneyman and his famous family provide jarring contrast to Canadian prime minister’s campaign for tax fairness.

The Russian government quietly held a financial interest in U.S. social media.

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

Read Glencore’s full response to ICIJ questions relating to Glencore in the the Democratic Republic of the Congo.

Read Glencore’s full response to our questions regarding their work in Burkina Faso.

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