Juliette Garside - Paradise Papers leak reveals secrets of the world elite's hidden wealth

By Dilip -
NB: Here's a simple question, away from the capitalism vs socialism debate. Why do the world's economic elite need to secretly avoid or sidestep their own regulatory systems? Why do those directly or indirectly associated with governance deliberately undermine the laws that they demand everyone else should respect? Any answers from our local worshippers of Market Forces? DS

 'Paradise Papers' documents touch Trump administration

The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires. The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.

The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.

The project has been called the Paradise Papers. It reveals:
A previously unknown $450m offshore trust that has sheltered the wealth of Lord Ashcroft
read more:https://www.theguardian.com/news/2017/nov/05/paradise-papers-leak-reveals-secrets-of-world-elites-hidden-wealth

Giles Fraser - The truth about capitalism is out as Marx’s magic cap starts to slip


 Shaurya Doval’s Response to The Wire Raises More Questions Than It Answers



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