The "Panama Papers" show again that many wealthy people parked their money in tax havens. So, how does this system of shell companies work?
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 megastar is known for using his name to fight for social justice, but the Paradise Papers reveal that he also owns shell companies in tax havens.
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