Showing posts with label Pandora Papers. Show all posts
Showing posts with label Pandora Papers. Show all posts
Wednesday, October 06, 2021
’Pandora Papers’: Why Is It So Difficult to Clamp Down on Tax Evasion? | DW News
Tuesday, October 05, 2021
Access to the Tory Party Is Being Bought by a New Class of Tycoon Funders
THE GUARDIAN: In light of revelations in the Pandora papers, we need to be asking what are they getting in return?
Boris Johnson appointed Ben Elliot as Tory co-chair. This appointment changed the structure of the British Tory party.’ Photograph: David M Benett/Dave Benett/Getty Images for Din Tai Fung
One big theme has dominated Tory party conference at Manchester this week: levelling up. Boris Johnson, we are being told, is on a mission to rescue British working people who have been forgotten and left behind in today’s UK.
According to this powerful narrative Keir Starmer’s Labour party is a manifestation of a “woke” metropolitan elite utterly alien to the “red wall” voters who flocked to the Tories at the last election.
The Pandora papers revelations undermine that Tory story. Yes, there are struggling people who have been forgotten by the system. Yes it’s a worthy cause to give them a much bigger say in public life. But no, the Tories don’t generally represent such people.
Johnson’s Conservative party essentially belongs to the super-rich. The billionaires. Those with privileged access to the prime minister and the chancellor of the exchequer. To the large and in many cases insalubrious cast of men and women with walk-on appearances in the Pandora papers scandal.
This class of Conservatives does not seem to see the British state – as Tories have historically claimed to do – as something to which you dedicate a life of service. They seem to see it rather differently: as something to be plundered and used for self-enrichment. » | Peter Oborne | Tuesday, October 5, 2021
One big theme has dominated Tory party conference at Manchester this week: levelling up. Boris Johnson, we are being told, is on a mission to rescue British working people who have been forgotten and left behind in today’s UK.
According to this powerful narrative Keir Starmer’s Labour party is a manifestation of a “woke” metropolitan elite utterly alien to the “red wall” voters who flocked to the Tories at the last election.
The Pandora papers revelations undermine that Tory story. Yes, there are struggling people who have been forgotten by the system. Yes it’s a worthy cause to give them a much bigger say in public life. But no, the Tories don’t generally represent such people.
Johnson’s Conservative party essentially belongs to the super-rich. The billionaires. Those with privileged access to the prime minister and the chancellor of the exchequer. To the large and in many cases insalubrious cast of men and women with walk-on appearances in the Pandora papers scandal.
This class of Conservatives does not seem to see the British state – as Tories have historically claimed to do – as something to which you dedicate a life of service. They seem to see it rather differently: as something to be plundered and used for self-enrichment. » | Peter Oborne | Tuesday, October 5, 2021
Pandora Papers: Massive Leak Exposes How Elite Shield Their Wealth & Avoid Taxes in Colonial Legacy
The Guardian View on Tax Havens: Bring Them to Heel
THE GUARDIAN – EDITORIAL: The Pandora papers prove that secrecy jurisdictions and their super-rich clients are still running rings around the rest of us
‘The chancellor, Rishi Sunak, was wrong to say that the prominent role of the City of London in this system is not a “source of shame”.’ Photograph: Getty
Five years after the Panama papers exposed the vast scale of offshore banking and business services via the activities of the wealth management specialist Mossack Fonseca, hundreds of billions of pounds are still being secreted away in tax havens. The leak of almost 12m documents, known as the Pandora papers, reveals that 35 current or former heads of state are among the customers of secrecy jurisdictions where huge sums of money are hidden in order to avoid tax and transparency. King Abdullah II of Jordan, Czech prime minister Andrej Babiš and Azerbaijan’s ruling Aliyev family are among those with serious questions to answer, along with more than 100 billionaires and rich individuals from all over the world.
Beyond any specific acts of venality, as outrageous as these are, looms a system whose existence is a global disgrace. As a matter of course, and in spite of their immense personal advantages, the ultra-rich are ripping off everyone else. They do this by refusing to pay their share towards the services and resources (health, education, energy, water and governance) on which everyone depends. And they are facilitated and encouraged in this by an industry whose purpose is to shield their wealth and conceal what they are up to. » | Editorial | Monday, October 4, 2021
Pandora Papers: A Money Bomb With Political Ripples: Revelations from nearly 12 million leaked confidential financial records have thrown light on the concealed wealth of powerful public figures around the world. How do they hide their money, and why is this information important? »
Five years after the Panama papers exposed the vast scale of offshore banking and business services via the activities of the wealth management specialist Mossack Fonseca, hundreds of billions of pounds are still being secreted away in tax havens. The leak of almost 12m documents, known as the Pandora papers, reveals that 35 current or former heads of state are among the customers of secrecy jurisdictions where huge sums of money are hidden in order to avoid tax and transparency. King Abdullah II of Jordan, Czech prime minister Andrej Babiš and Azerbaijan’s ruling Aliyev family are among those with serious questions to answer, along with more than 100 billionaires and rich individuals from all over the world.
Beyond any specific acts of venality, as outrageous as these are, looms a system whose existence is a global disgrace. As a matter of course, and in spite of their immense personal advantages, the ultra-rich are ripping off everyone else. They do this by refusing to pay their share towards the services and resources (health, education, energy, water and governance) on which everyone depends. And they are facilitated and encouraged in this by an industry whose purpose is to shield their wealth and conceal what they are up to. » | Editorial | Monday, October 4, 2021
Pandora Papers: A Money Bomb With Political Ripples: Revelations from nearly 12 million leaked confidential financial records have thrown light on the concealed wealth of powerful public figures around the world. How do they hide their money, and why is this information important? »
Monday, October 04, 2021
"Pandora Papers" enthüllen geheime Geschäfte von Politikern und Promis | DW Nachrichten
Oct 4, 2021 • Die Enthüllungen bestätigen die schlimmsten Vorurteile gegen Politiker: Dass sich einige von ihnen nämlich lieber selbst bereichern als Korruption und Steuerflucht zu bekämpfen. Interne Daten von verschiedenen Finanzdienstleistern - genannt "Pandora Papers" - enttarnen mehr als 330 Politiker und hochrangige Beamte aus 91 Ländern, darunter Staats und Regierungschefs. Für Tschechiens Ministerpräsident Babis kommen die Enthüllungen zur Unzeit - er will diese Woche wiedergewählt werden.
Die DW spricht mit dem Journalisten Nils Naber, der an den Recherchen beteiligt war.
Die DW spricht mit dem Journalisten Nils Naber, der an den Recherchen beteiligt war.
The Government Promised to Clamp Down on Shell Companies. It Has Failed to Do So
THE GUARDIAN: These schemes are an invitation to dodge taxes and accept bribes. And as the Pandora papers show, they’re thriving
Anyone able to afford the entry fee still has access to a financial network denied to the rest of us.’ Photograph: peterhowell/Getty Images/iStockphoto
If it feels as if the secrets revealed by the Pandora papers – the biggest ever leak of offshore data – are familiar, that’s because they are.
A Ukrainian president, a former British prime minister, a friend of Vladimir Putin, they all featured in the Panama papers – which uncovered the financial information of more than 200,000 offshore businesses – back in 2016. Here we are five years later, reading about them all over again.
The individuals may be different: it’s Tony Blair this time, not David Cameron; Ukraine has a new president; and the Putin friend is an oil trader, not a cellist. But the essential details are the same. Anyone able to afford the entry fee still has access to a financial network denied to the rest of us; and it follows that no one in power has done anything substantive about it in the past half-decade.
t shouldn’t need saying, but this is bad. Democracies only survive because the law applies equally to everyone. If a shadow system persists that allows the rich and powerful to avoid obeying the same rules as the rest of us, the trust that underpins our system will disappear. Without trust, democracy cannot survive. » | Oliver Bullough | Monday, October 4, 2021
It is self-evident that we are not living in democracies but kleptocracies! Whilst this is going on, any talk of democracy is laughable. Our systems are corrupt and rotten to the core. Who can be trusted anymore? Each man is out for himself. Further, the bigger the theft, the more likely you are to get away with it! Steal a Mars bar and you're in deep trouble; steal a few billion and all is well – you're protected. Talk of perversion, this is it! Rotten is as rotten does. – © Mark
If it feels as if the secrets revealed by the Pandora papers – the biggest ever leak of offshore data – are familiar, that’s because they are.
A Ukrainian president, a former British prime minister, a friend of Vladimir Putin, they all featured in the Panama papers – which uncovered the financial information of more than 200,000 offshore businesses – back in 2016. Here we are five years later, reading about them all over again.
The individuals may be different: it’s Tony Blair this time, not David Cameron; Ukraine has a new president; and the Putin friend is an oil trader, not a cellist. But the essential details are the same. Anyone able to afford the entry fee still has access to a financial network denied to the rest of us; and it follows that no one in power has done anything substantive about it in the past half-decade.
t shouldn’t need saying, but this is bad. Democracies only survive because the law applies equally to everyone. If a shadow system persists that allows the rich and powerful to avoid obeying the same rules as the rest of us, the trust that underpins our system will disappear. Without trust, democracy cannot survive. » | Oliver Bullough | Monday, October 4, 2021
It is self-evident that we are not living in democracies but kleptocracies! Whilst this is going on, any talk of democracy is laughable. Our systems are corrupt and rotten to the core. Who can be trusted anymore? Each man is out for himself. Further, the bigger the theft, the more likely you are to get away with it! Steal a Mars bar and you're in deep trouble; steal a few billion and all is well – you're protected. Talk of perversion, this is it! Rotten is as rotten does. – © Mark
'Pandora Papers' Expose Secret Tax Havens of the Rich & Powerful | DW News
Tories facing calls to return cash from donors named in Pandora papers: Ministers forced to answer string of questions about Tory donors’ alleged links to corruption »
Revealed: Czech PM Used Offshore Companies to Buy £13m French Mansion
THE GUARDIAN: Pandora papers reveal Andrej Babiš financed purchase via secret loans through three overseas firms
Andrej Babiš is the second-richest man in the Czech Republic. Illustration: Guardian Design
THE GUARDIAN: Pandora papers reveal Andrej Babiš financed purchase via secret loans through three overseas firms
Andrej Babiš, the billionaire Czech prime minister, is under pressure to explain a convoluted offshore structure he used to finance his purchase of a £13m mansion in the south of France.
The disclosure that Babiš controls a group of overseas companies comes as he contests a general election in the Czech Republic this week – and represents the latest embarrassing turn for a former oligarch who entered politics promising to fight corruption. Babiš is the second-richest man in the Czech Republic with a net worth of £2.7bn but his previous business dealings have provoked public protests and an ongoing clash with the EU.
Details of the secretive offshore arrangements set up by the prime minister are disclosed in the Pandora papers, the largest ever trove of leaked offshore data. The leaked documents have been shared by the International Consortium of Investigative Journalists with the Guardian, the BBC and other media around the world. » | Simon Goodley, Robert Tait and Scilla Alecci | Sunday, October 3, 2021
Crown estate bought £67m London property from family of Azerbaijan ruler: Leak reveals firms linked to Aliyev family – repeatedly accused of corruption – have traded nearly £400m of UK property »
Russian tycoon’s link to alleged corruption in leaked files raises questions for Tory ministers: Leak sheds light on past offshore structure used by Viktor Fedotov, whose UK firm is seeking approval for huge UK infrastructure project »
Pandora papers live: Boris Johnson says ‘all Tory donations vetted’; Kremlin dismisses ‘unsubstantiated claims’»
Major Tory donor advised on Uzbekistan deal later found to be $220m bribe: Leak shows Mohamed Amersi helped firm with what it later accepted was ‘corrupt payment’ to then Uzbek ruler’s daughter »
Pandora Papers: Ein internationales Recherchenetz beleuchtet, wie Präsidenten, Autokraten und ein König Steuern umgehen: Dem Internationalen Netzwerk investigativer Journalisten sind fast zwölf Millionen vertrauliche Dokumente zugespielt worden. Ihre Enthüllungen belasten 35 Staats- und Regierungschefs und Hunderte von Politikerinnen und Politikern. »
THE GUARDIAN: Pandora papers reveal Andrej Babiš financed purchase via secret loans through three overseas firms
Andrej Babiš, the billionaire Czech prime minister, is under pressure to explain a convoluted offshore structure he used to finance his purchase of a £13m mansion in the south of France.
The disclosure that Babiš controls a group of overseas companies comes as he contests a general election in the Czech Republic this week – and represents the latest embarrassing turn for a former oligarch who entered politics promising to fight corruption. Babiš is the second-richest man in the Czech Republic with a net worth of £2.7bn but his previous business dealings have provoked public protests and an ongoing clash with the EU.
Details of the secretive offshore arrangements set up by the prime minister are disclosed in the Pandora papers, the largest ever trove of leaked offshore data. The leaked documents have been shared by the International Consortium of Investigative Journalists with the Guardian, the BBC and other media around the world. » | Simon Goodley, Robert Tait and Scilla Alecci | Sunday, October 3, 2021
Crown estate bought £67m London property from family of Azerbaijan ruler: Leak reveals firms linked to Aliyev family – repeatedly accused of corruption – have traded nearly £400m of UK property »
Russian tycoon’s link to alleged corruption in leaked files raises questions for Tory ministers: Leak sheds light on past offshore structure used by Viktor Fedotov, whose UK firm is seeking approval for huge UK infrastructure project »
Pandora papers live: Boris Johnson says ‘all Tory donations vetted’; Kremlin dismisses ‘unsubstantiated claims’»
Major Tory donor advised on Uzbekistan deal later found to be $220m bribe: Leak shows Mohamed Amersi helped firm with what it later accepted was ‘corrupt payment’ to then Uzbek ruler’s daughter »
Pandora Papers: Ein internationales Recherchenetz beleuchtet, wie Präsidenten, Autokraten und ein König Steuern umgehen: Dem Internationalen Netzwerk investigativer Journalisten sind fast zwölf Millionen vertrauliche Dokumente zugespielt worden. Ihre Enthüllungen belasten 35 Staats- und Regierungschefs und Hunderte von Politikerinnen und Politikern. »
Jordan’s King among Leaders Accused of Amassing Secret Property Empire
THE NEW YORK TIMES: A leak of nearly 12 million files suggested King Abdullah II was among 35 current and former leaders to use secret shell companies to hide their wealth.
King Abdullah II of Jordan came under scrutiny on Sunday when a report said he was among several world leaders to use secret offshore accounts to hide his wealth. | Stefani Reynolds for The New York Times
GAZA CITY — King Abdullah II of Jordan came under heightened scrutiny on Sunday after an alliance of international news organizations reported that he was among several world leaders to use secret offshore accounts to amass overseas properties and hide their wealth.
The king was accused of using shell companies registered in the Caribbean to buy 15 properties, collectively worth more than $100 million, in southeast England, Washington, D.C., and Malibu, Calif. The purchases were not illegal, but their exposure prompted accusations of double standards: The Jordanian prime minister, who was appointed by the king, announced in 2020 a crackdown on corruption that included targeting citizens who used shell companies to disguise their overseas investments.
The Jordanian royal court declined to provide a comment to The New York Times, but lawyers for King Abdullah told the International Consortium of Investigative Journalists, which published the report, that his foreign properties were bought exclusively with his personal fortune and not public funds. » | Patrick Kingsley | Sunday, October 3, 2021
Pandora Papers: Biggest Ever Leak of Offshore Data Exposes Financial Secrets of Rich and Powerful »
King Abdullah II of Jordan came under scrutiny on Sunday when a report said he was among several world leaders to use secret offshore accounts to hide his wealth. | Stefani Reynolds for The New York Times
GAZA CITY — King Abdullah II of Jordan came under heightened scrutiny on Sunday after an alliance of international news organizations reported that he was among several world leaders to use secret offshore accounts to amass overseas properties and hide their wealth.
The king was accused of using shell companies registered in the Caribbean to buy 15 properties, collectively worth more than $100 million, in southeast England, Washington, D.C., and Malibu, Calif. The purchases were not illegal, but their exposure prompted accusations of double standards: The Jordanian prime minister, who was appointed by the king, announced in 2020 a crackdown on corruption that included targeting citizens who used shell companies to disguise their overseas investments.
The Jordanian royal court declined to provide a comment to The New York Times, but lawyers for King Abdullah told the International Consortium of Investigative Journalists, which published the report, that his foreign properties were bought exclusively with his personal fortune and not public funds. » | Patrick Kingsley | Sunday, October 3, 2021
Pandora Papers: Biggest Ever Leak of Offshore Data Exposes Financial Secrets of Rich and Powerful »
Sunday, October 03, 2021
Pandora Papers: Biggest Ever Leak of Offshore Data Exposes Financial Secrets of Rich and Powerful
THE GUARDIAN: Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials
The Pandora papers reveal the inner workings of what is a shadow financial world, providing a rare window into the hidden operations of a global offshore economy. Illustration: Guardian Design
The secret deals and hidden assets of some of the world’s richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history.
Branded the Pandora papers, the cache includes 11.9m files from companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands.
They expose the secret offshore affairs of 35 world leaders, including current and former presidents, prime ministers and heads of state. They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries.
The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference.
More than 100 billionaires feature in the leaked data, as well as celebrities, rock stars and business leaders. Many use shell companies to hold luxury items such as property and yachts, as well as incognito bank accounts. There is even art ranging from looted Cambodian antiquities to paintings by Picasso and murals by Banksy.
The Pandora papers reveal the inner workings of what is a shadow financial world, providing a rare window into the hidden operations of a global offshore economy that enables some of the world’s richest people to hide their wealth and in some cases pay little or no tax. » | Guardian investigations team | Sunday, October 3, 2021
Pandora papers reveal hidden riches of Putin’s inner circle »
Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax »
Let the light in: why the Guardian is publishing the Pandora papers »
Pandora Papers : plusieurs chefs de gouvernement mis en cause pour évasion fiscale : Une enquête publiée dimanche, à laquelle ont collaboré environ 600 journalistes de l'ICIJ, met en cause le premier ministre tchèque, le roi de Jordanie ou les présidents du Kenya et d'Équateur entre autres. »
« Pandora Papers » : du roi Abdallah II à Tony Blair, des dizaines de dirigeants politiques éclaboussés par le scandale »
The secret deals and hidden assets of some of the world’s richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history.
Branded the Pandora papers, the cache includes 11.9m files from companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands.
They expose the secret offshore affairs of 35 world leaders, including current and former presidents, prime ministers and heads of state. They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries.
The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference.
More than 100 billionaires feature in the leaked data, as well as celebrities, rock stars and business leaders. Many use shell companies to hold luxury items such as property and yachts, as well as incognito bank accounts. There is even art ranging from looted Cambodian antiquities to paintings by Picasso and murals by Banksy.
The Pandora papers reveal the inner workings of what is a shadow financial world, providing a rare window into the hidden operations of a global offshore economy that enables some of the world’s richest people to hide their wealth and in some cases pay little or no tax. » | Guardian investigations team | Sunday, October 3, 2021
Pandora papers reveal hidden riches of Putin’s inner circle »
Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax »
Let the light in: why the Guardian is publishing the Pandora papers »
Pandora Papers : plusieurs chefs de gouvernement mis en cause pour évasion fiscale : Une enquête publiée dimanche, à laquelle ont collaboré environ 600 journalistes de l'ICIJ, met en cause le premier ministre tchèque, le roi de Jordanie ou les présidents du Kenya et d'Équateur entre autres. »
« Pandora Papers » : du roi Abdallah II à Tony Blair, des dizaines de dirigeants politiques éclaboussés par le scandale »
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