Nicholas Shaxson is the author of "Treasure Islands: Tax Havens and the Men who Stole the World". The investigative journalists knows who benefits most in the dirty business of hiding money and saving taxes.
The Paradise Papers data release shines a light on the tax activities of politicians and some of the world’s richest people. But it appears for now that most of the questions raised are ethical rather than legal.
In the wake of the Paradise Papers leaks, many locals in Malta feel frustrated and are calling on the European Union to come to the rescue. Daiva Repeckaite reports from the island.
The Paradise Papers have shown that many Germans are among those who park their money in tax havens. They may have done so legally, to cover up illegal business deals, or simply to benefit from tax avoidance schemes.
The new leaks of financial records illustrate how powerful individuals and companies across Africa use offshore havens to not only avoid paying taxes, but also to hide bribery and illegal dealings.
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