Aug 23, 2024
UN votes to adopt roadmap for global tax convention
The vote clears the way for U.N. member states negotiate a historic framework to tackle international tax dodging and curb tax-related illicit financial flows.
Tax havens
All the latest news on tax havens. Browse the ICIJ’s complete collection of articles and commentary on tax havens.
Aug 20, 2024
US lags on financial transparency compared to other developed nations, researchers say
A new global study mapping illicit financial flows reveals Dubai and Hong Kong are now dirty money hotspots, while the U.S. is becoming a go-to destination for banking bribes.
Aug 14, 2024
Former BVI premier sentenced to 11 years in prison for cocaine-trafficking conspiracy
Two years before his arrest in Miami, Andrew Alturo Fahie pledged to pull back the curtain on the islands' notoriously secretive financial services industry.
Jun 03, 2024
Wealthy countries push back as UN moves ahead with global tax plan
A minority of countries that opposed a legally binding U.N. tax convention may seek to water it down, experts warn, risking the new convention becoming as “inconsequential as the OECD.”
Mar 26, 2024
Qatari royal invested about $50 million in pro-Trump network Newsmax
Before and after the investment, senior newsroom leaders urged Newsmax staff to soften coverage of Qatar, current and former employees said.
Mar 19, 2024
An ‘anonymous’ company secretly linked to an Indonesian billionaire is destroying Borneo’s rainforests, environmentalists say
A new report by Greenpeace and others alleges that Sukanto Tanoto’s Royal Golden Eagle masks its ties to an Indonesian pulpwood company accused of unprecedented destruction of forests and orangutan habitats.
Dec 06, 2023
Police swoop on Seychelles financial services firm hours after new Pandora Papers probe
Documents and hard drives were seized from Alpha Consulting’s offices, as the Seychelles regulator investigates the firm’s alleged role in the concealment of the true owners of hundreds of British shell companies.
Nov 22, 2023
UN votes to create ‘historic’ global tax convention despite EU, UK moves to ‘kill’ proposal
Advocates celebrated the resolution as a key step toward better representation for developing countries, but warned wealthy countries against further attempts to delay the much-needed reforms.
Nov 20, 2023
Colombian pop star Shakira reaches deal in Spanish tax fraud trial
Prosecutors were seeking an eight-year prison sentence for the singer — whose use of offshore companies was exposed by ICIJ — over nearly $16 million in unpaid income taxes.
Nov 15, 2023
Cypriot president pledges government probe into Cyprus Confidential revelations
European lawmakers called to fix “weak link” in the bloc’s financial system in response to ICIJ’s investigation, while sales of books by a Kremlin-friendly German journalist have been halted.
Nov 14, 2023
Cyprus ignores Russian atrocities, Western sanctions to shield vast wealth of Putin allies
ICIJ-led investigation Cyprus Confidential reveals how the EU member state powered the Kremlin’s financial machine, moving vast sums for oligarchs, including after Russia’s 2022 Ukraine invasion.
Nov 14, 2023
As sanctions loomed, accounting giant PwC scrambled to keep powerful Russians a step ahead
The Big Four firm has served dozens of oligarchs through its Cyprus branch, undermining global efforts to punish Putin's allies and stymie support for Russia's war machine.
Nov 14, 2023
WATCH: Cyprus Confidential reveals island’s role in shielding Russian wealth
An ICIJ-led investigation uncovers the oligarchs, criminals and shadowy entities that sought help from Cyprus' sprawling financial secrecy industry.
Nov 03, 2023
Canada poised to create public company registry to curb financial secrecy
The landmark reforms seek to mend Canada’s image as a “reputable” tax haven by revealing the real owners of companies.
Nov 03, 2023
New UK transparency laws will target money launderers and fraudsters, but advocates warn ‘loopholes’ remain
The sweeping reforms seek to stem the flow of dirty money through the U.K., clean up the national company register and protect financial journalists from spurious lawsuits. But experts say they may not be “the panacea” lawmakers claim.
Oct 31, 2023
A global billionaire tax could generate $250 billion annually, researchers say
Tax havens continue to play a key role in helping billionaires and multinational corporations dodge taxes, according to a new report, which found that the ultra-rich pay almost no tax.
Oct 24, 2023
Africa presses for UN tax plan despite EU resistance
The United Nations is on the cusp of negotiating an international tax convention to tackle inequality and tax abuse, but transparency advocates say some wealthy countries are “dragging their feet.”
Oct 17, 2023
UK authorities criticized for failing to prosecute financial crime enablers and rich tax cheats
A decade of fresh data shows only a handful of cases were brought against financiers for ignoring money laundering red flags, while few “wealthy” people faced criminal consequences for tax fraud last year, according to new reports.
Sep 06, 2023
Criminals and oligarchs are hiding wealth in secretive Dutch foundations, new investigation finds
Dutch news outlet Follow the Money found more than 50 STAKs, legal structures used to disguise assets and avoid scrutiny, in the Pandora Papers.
Sep 06, 2023
Europe’s finance watchdogs sound alarm over plan to deepen economic ties with San Marino, Monaco and Andorra
In a joint letter, regulators warned that the three microstates’ “less rigorous” oversight rules could open a backdoor for illicit financial flows into the EU.
Aug 17, 2023
As US company registry stalls, New York forges its own path toward transparency
A new state bill modeled on the federal Corporate Transparency Act aims to expose company owners and share the information in a publicly searchable database.
Aug 11, 2023
OECD ‘disappointed’ over ‘surprising’ UN global tax report
The U.N. chief pushed for a bigger say in the international tax agenda and said the group of wealthy countries had ignored the needs of developing nations.
Aug 11, 2023
Tax havens could cost countries $4.7 trillion over the next decade, advocacy group warns
The U.K. continues to lead the so-called “axis of tax avoidance,” which drains an estimated $151 billion from global coffers through corporate profit shifting, a new report found.
Aug 07, 2023
Panama Papers law firm outsourced offshore deals to accountant in India, new reporting shows
In 2016, Mossack Fonseca became synonymous with the shady world of offshore finance following ICIJ’s investigation. The Indian Express reveals what the now-shuttered firm did next.
Jul 20, 2023
New FinCEN head appointed as concerns grow over stalled US company registry
The incoming director of the federal financial crimes unit faces an uphill battle to deliver reforms to thwart illicit money flows amid warnings the agency’s corporate ownership database is not fit for purpose.