Move over Mossack-Fonseca

Panamanian corporation Mossack Fonseca suffered a major leak back in the spring of 2016 - you may have heard about the Panama Papers. The UK Guardian did an excellent overview of the case. Now they are back with this:

Paradise Papers leak reveals secrets of the world elite's hidden wealth
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:

• • Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund – and some of her money went to a retailer accused of exploiting poor families and vulnerable people.
  • Extensive offshore dealings by Donald Trump’s cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putin’s son-in-law to the shipping group of the US commerce secretary, Wilbur Ross.
  • How Twitter and Facebook received hundreds of millions of dollars in investments that can be traced back to Russian state financial institutions.
  • The tax-avoiding Cayman Islands trust managed by the Canadian prime minister Justin Trudeau’s chief moneyman.

A bunch more information there with links to corroborating source materials. Looks like the draining of the swamp is accelerating and is happening from all sides. I love it!