Discover and read the best of Twitter Threads about #ParadisePapers

Most recents (24)

Catching up on the #PandoraPapers? In the week since our 600+ journalism partners began publishing revelations from history's biggest offshore data leak, we’ve seen fallout all around the world.

Here’s a quick walk-through of key findings. #SundayRead 🧵
bit.ly/3DhIsGP
First of all, what do we mean by “offshore”?

The #PandoraPapers kick the door open on a secretive financial system that allows the wealthy and well-connected to set up covert companies across borders in tax havens, where the ownership of money and assets can be easily hidden.
🌴 In popular imagination, the offshore system is often seen as a far-flung cluster of palm-shaded islands.

The #PandoraPapers show that the offshore money machine operates in every corner of the planet, including the world’s largest democracies. bit.ly/3DhIsGP
Read 11 tweets
L’hebdomadaire voulu par le milliardaire Daniel Kretinsky prend forme (groupe CMI)... Vendu environ 2 euros, il paraîtra le mercredi à partir du mois de novembre....et vasy que jte fais une gagnotte kisskisstrucbank 😂 #milliardaire #gagnotte #echarperouge #kamoulox
Vous parlerez de votre patron cité ds les #PanamaPapers et qui a 2 holdings au Luxembourg ?? 😂 (EP Investment et EP Investment II➡️ 2,3 milliards d'euros bien au chaud à l'abri... ) ImageImage
Read 5 tweets
By now, you've likely heard about the #PandoraPapers - the landmark reporting on financial secrecy havens, corruption, and the hidden wealth brought to you by the @ICIJorg and its 140 media partners worldwide.

icij.org/investigations…

1/ The main image for the ICIJ's Pandora Papers site, a tsunami
This isn't the ICIJ's first rodeo: they're the same consortium that brought us the #PanamaPapers and #ParadisePapers, leaks from the world's tax havens and the elite law and accounting firms that enable the wealthy and powerful to live by different rules from the rest of us.

2/
Each of these leaks have been almost unimaginably large: millions of documents, the otherwise invisible paper-trail left by likewise unimaginably vast fortunes amassed by the 0.1%. The scale and scope of these secrets makes them too big for any one news org to report out.

3/
Read 40 tweets
In this thread, I'll be collecting resources that can help us understand the just-leaked #PandoraPapers, including on the underlying dynamics and what we might do in response:
1. First, what are the #PandoraPapers anyway?

A massive trope of leaked from offshore service provides from several countries - the Seychelles, Panama, Hong Kong, Belize, BVI, Cyprus, Switzerland and Dubai

The organising @ICIJorg set it out here: icij.org/investigations…
2. What are the main stories?

More like the #PanamaPapers than the #ParadisePapers, the #PandoraPapers reveal offshore investments and ownership structures of wealthy individuals, high-profile politicians and celebrities.

Key stories here: icij.org/investigations…
Read 23 tweets
Séisme mondial.
35 chefs d’État & 130 milliardaires (Tony Blair, DSK, rock-stars etc) épinglés dans les #PandoraPapers pour avoir placé des milliers de milliards de $ à l’abri dans les paradis fiscaux : ils volent l'Etat et font sécession pour satisfaire leurs intérêts privés
#LuxLeaks
#SwissLeaks
#PanamaPapers
#MaltaFiles
#ParadisePapers
#OpenLux

Et désormais les #PandoraPapers : en moins de 10 ans, ces affaires illustrent combien le système financier international permet et encourage la criminalité en col blanc, en toute impunité.
En pratiquant l'#EvasionFiscale à grande échelle, chefs d'Etat, milliardaires, stars du showbiz piétinent l'intérêt général : ces milliards d'euros détournés sont autant de crèches, d'écoles, d'hôpitaux qui ne sont pas construits, et de politiques climatiques non menées.
Read 10 tweets
1/. #PandoraPapers reveal secret dealings of 330+ politicians & officials - including 35 current & former heads of state & govt

Exposé is based on a leaked dataset of 11.9 million files from all over the world & include disclosures about Tory party donors
google.co.uk/amp/s/amp.theg…
2/. “The tax system is a haven of scams, perks, City deals and profits" (#TonyBlair 1994)

The #PandoraPapers reveal the Blair’s bought an offshore firm that owned the £6.5m house they were buying so did not have to pay £312,000 in stamp duty @BBCPanorama bbc.com/news/uk-587805…
3/. The #PandoraPapers expose offshore accounts of world leaders, billionaires, oligarchs & criminals

It should lead to a crackdown on tax loopholes & money laundering...but we’ve been here before

What was the impact of #PanamaPapers & #ParadisePapers?
Read 5 tweets
🚨 After #Panama, it’s #PandoraPapers: facing regulatory heat, elite Indians find new ways to ringfence wealth in secret havens #ExpressInvestigation | @ICIJorg
bit.ly/3FdWFWN
Why does this matter? There are at least 380 persons of Indian nationality in the #PandoraPapers. These are a part of 11.9 million leaked files from 14 global corporate services firms. @iyervaidy explains bit.ly/3A7JZ07 #ExpressExplained
Secret records of #PandoraPapers investigated by us show several cases of big-ticket loan defaulters who declare themselves bankrupt before recovery tribunals – some have even arrested – but hold billions via offshore entities. #ExpressInvestigation

bit.ly/3mkVwEl
Read 23 tweets
1/. Gross press freedom violations revealed by #PegasusProject can’t be met with impunity

Govts & agencies who’ve spied on journalists must provide answers on this misuse of NSO technology #Pegasus #PegasusSnoopgate @amnesty @globalfreemedia @pressfreedom forbiddenstories.org/pegasus-the-ne…
2/. Journalists, MPs & human rights activists were selected as targets for surveillance by authoritarian regimes

#Pegasus is the spyware developed, marketed & licensed to govts around the world by the Israeli company NSO Group.
@citizenlab #PegasusProject
3/. In the months before he died & a year after his murder, people associated with Jamal Khashoggi, were selected for potential surveillance by clients of NSO

Hungary’s far-right govt is suspected of hacking phones of journalists & targeting owners
Read 69 tweets
Thread à l'attention de celles et ceux qui expliquent que Bernard Arnault et LVMH payent beaucoup d'impôts en France.

Ce sont au contraire des spécialistes de l'#EvasionFiscale.

27% des filiales de LVMH se situent dans des paradis fiscaux, le plus fort taux du CAC 40 !
Cela représente 305 filiales dans des territoires considérés comme des paradis fiscaux et judiciaires
multinationales.org/Les-grandes-en…
Le recent scandale #OpenLux a ainsi montré que LVMH détient 24 filiales au Luxembourg, la 2e entreprise française la plus présente après BNP. lemonde.fr/les-decodeurs/…
Read 8 tweets
Some things are hard to understand because they're complicated, but when it comes to finance - and finance crimes - we enter the real of things that are complicated so they'll be hard to understand.

1/ A person's hand; their fingernails are painted with tiny tre
(If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:)

pluralistic.net/2021/06/20/la-…

2/
The @Propublica #SecretIRSFiles leaks reveal the wealthy pay infinitesimal amounts of tax and the ultra-rich often pay no tax at all.

Propublica is careful to note that all of this is legal - that it's how the system is supposed to work.

pluralistic.net/2021/06/15/gui…

3/
Read 29 tweets
Seems a 'little' suspicious that a British oligarchs daughter would accidentally shoot the top cop in Belize, where her husband runs an elite resort...
Guess he won't be able to testify in any corruption cases....
Her father-in-law is Lord Michael Ashcroft, who fled the UK to Belize & got citizenship to avoid taxes. Then became Belize's ambassador to the UN.

Can it get any Swampier? Oh, yes.

en.wikipedia.org/wiki/Michael_A…
Businessman, pollster & politician, seems like a trifecta of Swamp. Was Deputy Chair of the Conservative Party in the UK, equivalent to the DNC & RNC swamps. Image
Read 10 tweets
@business The Russian mob is behind everything from the steel of pipelines to sexual abuse by Kompromat to corruption in Canada by YMB Magnex. All roads go to Russia. It's not that hard to see.
@business Here is how Intratrust links to Russia, Jared Kushner, Brookfield and Rostneft etc. medium.com/@wsiegelman/ro…
@business Republic of Russia has hired Kroll to return an estimated $6 billion to $8 billion in 1991 spirited out of the country by the directors of state enterprises when they realized that privatization was inevitable. They wanted Kroll to get the money back. nytimes.com/1992/08/30/mag…
Read 17 tweets
👑🧵/ Last night's #Megxit interview, in which Prince Harry and Meghan Markle share details of life after being financially cut off from the monarchy, renews attention on the royal family's enormous wealth, private estates, and how those assets are shielded from public view.
2/ Last month, @guardian revealed that Queen Elizabeth successfully lobbied the government to change a draft law in the 1970s in order to conceal her “embarrassing” private wealth from the public as part of the 'Queen's consent' investigation. bit.ly/3cZkmXv
3/ In 2017, ICIJ's #ParadisePapers investigation revealed that Queen Elizabeth's private estate, the Duchy of Lancaster, indirectly invested in a rent-to-own loan company accused of predatory tactics via the Cayman Islands. bit.ly/2ODFIPG
Read 6 tweets
More fallout from #ParadisePapers: a 150+ page report from the Commerce Dept inspector general reveals it investigated Wilbur Ross for years after the project's revelations in Nov 2017.

It found that he breached federal ethics rules in several ways...

oig.doc.gov/OIGPublication…
The findings include glaring omissions in his financial disclosures.

Our story below for @ICIJorg found that Ross retained a stake in Navigator Holdings, a shipping company that did business w Putin cronies, through a chain of offshore entities.

icij.org/investigations…
The inspector general found that Ross also held more than 16,000 direct shares in Navigator that he completely omitted from his financial disclosures when he took office. Image
Read 7 tweets
@APTNNews @JPashagumskum Wake up! Already as we speak, there are firms looking for legal loopholes to exploit people. They hijacked the Canadian system and they would go after your own too just as quick. Keep your eye on these guys. financialpost.com/legal-post/fmc…
@APTNNews @JPashagumskum Dentons created from merger of SNR Denton, Fraser Milner Casgrain and Salans and later merged with Chinese law firm Dacheng in 2015.
@APTNNews @JPashagumskum May 28-29 2012 titled: Aboriginal Consultation and Project Development prepared by Bernard J. Roth and Joshua A. Jantzi of Fraser Milner Casgrain. Mr. Jantzi now works for Dentons. Hired by Enbridge for Line 9 Supreme Court vs. Chippwas of the Thames.
Read 18 tweets
Protecting Our Democracy Act is designed to stop elected from using their office to hide criminal conduct. We need this in Canada too. @anticorruption @OCCRP @UNDPGAIN @CdnTaxFairness @TaxJusticeNet @cafreeland @StopCorpAbuse @CIPE_ACGC #uspoli #cdnpoli bloomberg.com/amp/news/artic…
We have already seen Harper do the same. Frasier Miller Casgrain and Denton's all connected. Links to offshore taxation. Used law to exploit loopholes and used his office to facilitate tax evasion. I exhausted protocols reporting it. thetyee.ca/Opinion/2015/0…
Today Harper is the head of the IDU showing other conservative governments how to do the same thing. They are influencing elections globally today. idu.org/leadership/the…
Read 22 tweets
The #Fincen leaks are the latest finance corruption megaleak, following #ParadisePapers (2017), #PanamaPapers (2016), #SwissLeaks (2015), #Luxleaks (2014). It's a trove of 2100 "Suspicious Activity Reports" (SARs) from the US Treasury's Financial Crimes Enforcement Network.

1/
The reporting on the leaks was shared among multiple journalism orgs, including @BBCPanorama, @Buzzfeed, and more than 100 other orgs in 88 countries, coordinated by the @ICIJorg, whose master report is a key to the whole leak:

icij.org/investigations…

2/
Here's the nut: the world's largest banks knowingly laundered billions of dollars for the worst criminals, looters and oligarchs in the world. The financial regulators knew they were doing it.

3/
Read 39 tweets
[Thread] Ce soir @France2tv organise une soirée #EnsembleAvecNosSoignants pour nous inciter à faire des dons pour l'#HopitalPublic.

Parmi les intervenants : Gad Elmaleh, Patrick Bruel et Julien Clerc.

Leur point commun ? Ils sont impliqués dans des affaires d'#EvasionFiscale
Avant de nous demander de donner, pourriez-vous commencer par payer votre juste part d'impôts svp ?

@PatrickBruel : une partie des sommes encaissées par @Winamax était reversée à sa maison mère, qui avait son siège aux Iles Vierges, puis au Luxembourg !
lexpress.fr/actualite/soci…
Quant à @gadelmaleh, @lemonde révélait en 2015 qu'il avait eu un compte dans la filiale suisse de HSBC

lemonde.fr/evasion-fiscal…
Read 4 tweets
Sentencing documents up for Zuberi, one of those Clinton 'donors' who got busted when they tried to switch to Trump!
Busted for? Illegal donations to Hillary in collusion with foreign governments to steal the 2016 election!

#ButNothingsHappening
documentcloud.org/documents/6811…
Even though he plead guilty, he has still refused to complete his FARA filings to document the foreign governments he was working for!
Short list: Bahrain, Turkey, Libyans, A Saudi/UK citizen and a Ukrainian!
Alright, back to this document. DOJ dismisses USPO's minimization of the crimes, pointing out the defendant's entire business was illegally lobbying for foreign entities.

USPO argued for a minimal sentence because in the past FARA was rarely prosecuted so why punish this guy...
Read 37 tweets
🚨Today we added 18 new members to our ICIJ family! 😀

Our network now spans 100 countries, with reporters from The Gambia, Luxembourg, Czech Republic, and more added today.

Here is a quick intro to these investigative reporters! (Thread) bit.ly/2vv0EyN
🇲🇦 First up: Ali Amar, @MarocAmar, from @LeDesk in Morocco joins our family. He’s worked with us on #ImplantFiles, #PanamaPapers and #ParadisePapers.

Here's his work on the #PanamaPapers: ledesk.ma/2016/04/03/pan…

Welcome to the team!!
@MarocAmar @LeDesk 🇨🇱 @aarellanoj joins us from #Chile – where he’s been working for @ciper as a reporter/editor, now contributor, for six years.

He also worked on #PanamaPapers and #ParadisePapers with us!
Read 20 tweets
Faire de la PDG de @ENGIEgroup @isabelle_kocher, le parangon absolu de l'écologie est une erreur factuelle

Parce que @ENGIEgroup c'est
1⃣le gaz, pas la transition vers le zéro fossile
2⃣du lobbying intense contre les énergies renouvelables
3⃣du #Greenwashing

Thread ⤵️⤵️⤵️ Image
@ENGIEgroup @isabelle_kocher @attac_fr @transnationales @bizimugi @Alternatiba_ @AnvCop21 @amisdelaterre @AitecIPAM @EELV @yjadot @isabellesaporta 1⃣@ENGIEgroup et la sortie du charbon

C'est le grand argument pour louer @isabelle_kocher qui avait annoncé en 2016 que la production d’électricité à partir du charbon "devra tendre vers zéro d’ici à trois ans".
On en est loin.
D'abord parce que @ENGIEgroup a continué à construire des centrales au charbon, comme dans le port de #Safi au #Maroc

@ENGIEgroup opère encore des centrales à charbon dans plusieurs autres pays

Ainsi que la compagnie parisienne de chauffage urbain qui brûle toujours du charbon Image
Read 23 tweets
NEW: Africa’s richest woman @isabelaangola claims to be a self-made billionaire. Today, we reveal the inside story of how she made her fortune while leaving #Angola one of the poorest countries on earth.

Read #LuandaLeaks: bit.ly/2TG528b

📹: @shirafu
If you're new to Angola, the dos Santos family and their connected history, then this is the place to start.

By @antoniocuga and @Indigo_Light. bit.ly/2udfbPi #LuandaLeaks
@antoniocuga @Indigo_Light Months of reporting based on a #leak of 715,000 documents obtained from @PPLAAF reveals two decades of unscrupulous deals and enormous wealth moved through offshore centers. bit.ly/2TG528b #LuandaLeaks
Read 11 tweets
Two arrested in the UK on indictments from SDNY over using shell companies to engage in illegal pump & dump stock schemes. Indictment covers from 2013-2019. HT to @JarradKushner
#ButNothingsHappening
justice.gov/usao-sdny/pr/s…
@JarradKushner I love the language here "As a major facilitator of market manipulation schemes..." which means they were doing this as a service for their investors.
Investors as yet unindicted, or at least still sealed. This is getting the #receipts!
@JarradKushner They set up & used shell companies to conceal who their real investors were behind the schemes to make it harder to identify their customers.
Read 13 tweets

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