The Paradise Papers

The Paradise Papers.

The Paradise Papers consist of 1.4 terabytes of information. In total there are 13.4 million individual and company files from 1950 to 2016. 6.8 million files are from a law firm known as Appleby. The principal issue with such offshore investment operations is tax avoidance, but not all of these schemes are criminally liable if they are legitimately operated under the laws of its respective governmental agencies. The German newspaper Suddeutsche Zeitung (the same company that received the Panama Papers in 2016) was given sight of these Papers and it collaborated with the International Consortium of Investigative Journalists, a U.S.A.-based organization. There were 96 media partners, with a total of 381 journalists from 67 countries, who analysed the data. The material consisted of 1.7GB WikiLeaks files dated 2010, 3.3GB HSBC files from 2015, 4.4GB Luxembourg 2014 tax files, and 260GB offshore secrets dated 2013. The following corporate registries were listed with the government of Antigua and Barbuda, Aruba, the Bahamas, Barbados, Bermuda, the Cayman Islands, the Cook Islands, Dominica, Grenada, Labuan, Lebanon, Malta, the Marshall Islands, St Kitts and Nevis, St Lucia, St Vincent, Samoa, Trinidad and Tobago, and Vanuatu. Appleby clients numbered more than 120,000 clients, originating as far flung as China and Hong Kong, with the largest concentration being from the USA (30,000). It also listed 25,000 offshore entities.

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https://www.theguardian.com/news/series/paradise-papers