"Development Dreams Stand Still While Mining Money Moves Offshore" .. "O que eles estão realmente a financiar" ...

Paradise Papers exposes elite and politiciens as hidden their fortune and showing their non developped way of makin dreams
Is an enourmous document leaks over 13 million files. in what has been collectvely referred as the Paradise Papers by The ICIJ (International Consortium of Investigative Journalists partned with 96 media organizations across the world, including major outlets like the New York Time and the BBC, to give access to leaked files

for reporting purposes

"Who end up paying are those who can not escape"

The source:
Bermudan Law Firm Appleby
a 119 year old company for caters to blue chip corporations and very weathy people

Singaporean company Asiaciti Trust, and official business registries in places such as Bermudas, Lebanon or Malta

Why it s called Paradise Papers

It s a play on tax havens, also known the term "tax paradises" where the wealthy hide their money to avoid getting taxed back home

The connection between tax havens and the reality

"And, for sure, connections between the tax avoidance and real world concerns can be hard to understand. So it's fortunate that a fabulous story produced days after the initial, synchronized release of stories on Nov. 5 eliminates any confusion or incoherence and makes such a connection better than some of the initially wonderfully reported talesoverseen by the Washington-based International Consortium of Investigative Journalists.

ndeed, "Development Dreams Stand Still While Mining Money Moves Offshore" is by the consortium's own Will Fitzgibbon, who runs its Africa desk and traveled to the tiny landlocked West African nation Burkina Faso, which is home to a zinc mine owned by Nantou Mining S.A., a subsidiary of the Swiss commodity giant Glencore PLC." in International Consortium of Investigative Journalisme!

What is Paradise Papers

"Global Investigation"

Totallizing over 13.4 million documents, it sheds light on the trilliong of dollars the move through offshores tax havens. It reveals how and where the world's elite -from royalty to sports/music stars hide their incredible wealth.

The full extent of information contained in the leaked files is still unknown, but already a number of outlets have published articles based on the documents.

So far, 

     "one of the most notable findings for U.S. politics is a report that President Donald Trump’s Commerce Secretary Wilbur Ross shares business interests with Russian President Vladimir Putin’s son-in-law. Ross previously failed to disclose the connection during his confirmation hearing earlier this year, according to NBC News.

A investor in one of top White House adviser Jared Kushner’s business ventures is also named in the files, The Guardian reports. The documents show that two Kremlin-linked financial institutions invested significant funds into Twitter and Facebook, using companies controlled by Kushner investor Yuri Milner as a go-between to invest the money.  

Another revelation is that Queen Elizabeth II has around $13 million of her private funds invested in offshore holdings, according to the BBC. As with many aspects of offshore finance where loopholes in tax law are utilized, it appears there is nothing illegal about the Queen’s actions.

But the Paradise Papers’ records of offshore holdings do highlight the elaborate ways that the wealthy and powerful can utilize tax havens for their own benefit, and the convoluted framework of institutions and firms that are in place to aid them.

The Paradise Papers also include figures such as U2 lead singer Bono, Madonna and a top fundraiser for Canadian Prime Minister Justin Trudeau, who are all involved in the use of offshore holdings and questionable foreign companies.

So far, one of the most notable findings for U.S. politics is a report that President Donald Trump’s Commerce Secretary Wilbur Ross shares business interests with Russian President Vladimir Putin’s son-in-law. Ross previously failed to disclose the connection during his confirmation hearing earlier this year, according to NBC News.

A investor in one of top White House adviser Jared Kushner’s business ventures is also named in the files, The Guardian reports. The documents show that two Kremlin-linked financial institutions invested significant funds into Twitter and Facebook, using companies controlled by Kushner investor Yuri Milner as a go-between to invest the money.  

US Commerce Secretary Wilbur Ross holds a 31 per cent stake in maritime transport company Navigator Holdings through a complex web of offshore investments. Navigator Holdings runs a lucrative partnership with Russian energy giant Sibur, linked to President Vladimir Putin's inner circle. Russia is subject to US sanctions.

Britain's Queen Elizabeth II has, through the Duchy of Lancaster which provides her income and handles her investments, placed around 10 million pounds (S$18 million) of her private money in funds held in the Cayman Islands and Bermuda. The funds were reinvested in an array of businesses, including controversial rent-to-own retailer BrightHouse which has been accused of exploiting the poor.

- Her son Prince Charles has invested millions of pounds in offshore funds and businesses, including a Bermuda-based sustainable forestry company once run by a close friend

CELEBRITIES

- U2 frontman Bono is shown in the leak to own a stake in a Maltese company that bought a Lithuanian shopping mall in 2007 via a Lithuanian holding company, which may have broken tax rules by using an unlawful accounting technique.

- Pop diva Madonna bought shares in a medical supplies firm, the New York Times said. Radio France meanwhile said she had invested in a firm that gained from taxes on virtually non-existent capital gains.

- Britain's four-time Formula One champion Lewis Hamilton avoided paying taxes on a private jet, receiving a 3.3 million pound (S$5.9 million) VAT refund in 2013 after it was imported into the Isle of Man, a low-tax British Crown Dependency.

- Colombian singer Shakira who lives in Barcelona was domiciled in the Bahamas for tax reasons and transferred 31.6 million euros (S$50 million) earned in royalties to Malta, France's Le Monde newspaper said."

As Mike Hudson, senior editor of the consortium, put it Sunday, "We've struggled to do these kinds of on-the-ground impact stories throughout our offshore leaks investigations, because the harms caused by offshore secrecy and chicanery are, while real and potent, usually indirect (fewer tax dollars for governments means less money for schools and hospitals, etc.) The elaborate layering of offshore tax and secrecy structures often means there are many layers of insulation between questionable activities and their ultimate effects on real people."

l’évasion fiscale des entreprises et des grandes fortunes coûte 350 milliards d’euros de pertes fiscales par an aux Etats du monde entier, dont 120 milliards pour l’Union européenne
En savoir plus sur http://www.lemonde.fr/paradise-papers/article/2017/11/05/les-paradise-papers-nouvelles-revelations-sur-les-milliards-caches-de-l-evasion-fiscale_5210518_5209585.html#rHjUs6DViH4q6s8Z.99http://www.lemonde.fr/paradise-papers/article/2017/11/05/les-paradise-papers-nouvelles-revelations-sur-les-milliards-caches-de-l-evasion-fiscale_5210518_5209585.html