The term reveals to leaked documents showing again how some of the world's richest and most powerful avoid paying taxes. The files, some of which date all the way back to 1950, were published in November 2017.
Some 400 reporters from 67 countries have scoured 13.4 million secret documents and uncovered tax-evasion techniques used by the super rich and high-ranking politicians.
First the Panama Papers, then the Paradise Papers. Now pressure is on the EU to curb tax evasion by multinationals and the wealthy. Now it's put together its first ever blacklist of 17 tax havens. Provoking criticism that no EU countries themselves have been named and shamed.
EU Commissioner Pierre Moscovici defends his call for a black list of tax havens following the Paradise Papers scandal. Some critics say the plan won't go far enough if it doesn't include British offshore centers and Luxembourg.