Discover and read the best of Twitter Threads about #ParadisePapers

Most recents (24)

SCOOP: Walmart "improperly avoided" up to $2.6 billion in US tax through a "fictitious" Chinese entity, according to files written by a former exec.

It could lose a lawsuit if the IRS ever took it to court, experts said.…
Through an arrangement named "Project Flex," @walmart the world's biggest company, set up a "fictitious" joint venture, which didn't exist under Chinese law.

The Chinese authorities "will probably give Walmart’s representative in China a call," said a Chinese tax law expert.
@Walmart Were the IRS to win all that money (a big 'if'), it would be the second-biggest tax repayment in US history—behind GlaxoSmitheKline with $3.4bn.
Read 8 tweets
@DUANEALLEN Madonna may have moved to "socialist Portugal" but did anyone ask her if she left her cash in a tax haven in the name of a shell company to avoid paying socialist taxes upon it?

Why do so many tax cheats want a more socialist economy? Provided their money isn't taxed
Madonna was exposed in the #ParadisePapers for going through #MossackFonseca & investing money in a Bermuda based shell company providing 'medical supplies'. Taxes for us but tax havens for Madonna.

Maybe she is in Portugal to avoid indictment...
But Madonna's not the only one, she shares that dubious distinction of being in favor of higher taxes while using illegal shell companies to avoid taxes with people like Harvey Weinstein and many others.…
Read 4 tweets
The British legal system is rigged against investigative journalism. The wealthy use our courts neuter stories that have been published without hindrance in the US or France or Italy. The work ⁦@carolecadwalla⁩ has done is of huge public benefit…
@carolecadwalla Here’s why I use the word rigged. In recent years, I’ve done a series of collaborations with media around the world, all publishing the same stories on the same day. These include the #PanamaPapers, the #ParadisePapers and #TheDaphneProject.
@carolecadwalla When the moment comes to confront the subjects of our stories, it’s always the same pattern. Approahced by media outside the UK, the politicians, plutocrats and professional enablers usually come back with an on the record statement for publication.
Read 13 tweets

So it turns out Alister Jack tells Scotland one thing and his business friends another.

He became @ScotSecofState this week, but he’s also the director and main shareholder of Cantco Limited, and insurance underwriter for @LloydsofLondon

@ScotSecofState @LloydsofLondon The @ScotSecofState tells Scotland that Brexit will make the UK "better off, and less exposed to risk".

But Alister Jack's accounts say Brexit carries "various risk factors" which "could lead to financial loss"…
@ScotSecofState @LloydsofLondon The @ScotSecofState says UK will prosper when "free from the whims of the EU"

@LloydsofLondon disagrees. Luckily for Alister's profits they launched a Brussels lifeboat in 2018 to "provide certainty to customers"

Can your small business do the same?…
Read 6 tweets
Hold up Hades!

Paul's gotta unpack.

Robert J. Ruttenberg:

▪️Manhattan Research, LLC - Think Tank √
▪️Gryphon Development - Leslie "Cats!" Wexner √
▪️Warner Cosmetics|Warner Communications - Blavatnik √
▪️Cosmair - L’Oréal - Bettencourt √
▪️Revlon - Ron Perelman √
All right.
Here's some brief
Robert J. Ruttenberg:

Leslie Wexner's *associate

▪️Manhattan Research, LLC
Think Tank🧠

Provides info on
issues, attitudes + trends
related 2 tech use
+ adoption by consumers
+ health pros.👈

Decision Resources Group 📌…
Wat dis?

▪️Decision Resources

What isn't it!

▪️Piramal Group
Mumbai, India

4 Key Cos:
~Piramal Enterprises, Ltd
~Piramal Glass 🧪
~Piramal Realty 🏘️💸
~Piramal Foundation

*Piramal top 10 global; 2011

Wexner | OSU ?🤔📌…
Read 74 tweets

1/ #mauritiusLeaks is @ICIJorg’s latest offshore project. It started with a story we wrote in 2017 as part of the #paradisepapers investigation and continued when an anonymous source sent us a USB key in the mail that contained 200,000 files (thank you, whistleblower!)
2/ This was hard, dry stuff. No juicy emails to or from presidents or prime ministers trying to hide money. Instead, it was about a bunch of profitable companies trying to pay less money to rich and poor countries around the world.
3/ To understand the documents, I spoke to more than 70 tax and policy experts and to more than 20 tax officials from countries including Thailand, India, Egypt, Zambia and Nigeria.🇱🇸
Read 10 tweets
Going through the #MauritiusLeaks released last night by @ICIJorg, because Kenyans and people investing in KE have been using Mauritius as a tax haven for a long time...So here are a few names in the leaks.
1. @umaticapital, where ICT CS @joemucheru is an investor and shareholder
Lamu Oil and Gas Ltd, owned by Qatar National Bank and Edgo Energy. The Qataris opened their embassy in KE in April 2012; on June 1st 2012 Lamu Oil and Gas Ltd was opened in Mauritius, and won the block concessions a month later. #MauritiusLeaks
There are four companies in the #MauritiusLeaks associated with the Lamu oil concessions, two of which are now defunct but the other two are still active. All of them were opened on a single day.
Read 9 tweets
@wdunlap “Speaking to reporters on Tuesday, #Trump dismissed his past appearances with #Epstein …Epstein’s personal little black book, leaked by an employee in 2009, contained 14 phone numbers for Trump, his wife, Melania, and several people who worked for him.”…
@wdunlap “But even beyond #Trump’s own words further up, there’s a good deal of evidence the two were friendly social acquaintances at least through the early 2000s”

“Trump called #Epstein twice in November 2004, according to message pads seized”

@wdunlap “Attorneys for #Epstein say he obtained a foreign #passport under an alias in 1980s to defend himself from potential kidnappers while traveling in the Middle East.

worried about perils he faced traveling there as ‘an affluent member of the Jewish faith’”…
Read 201 tweets

Family Klan Mob


W all girl trouble going on,
have 2 ask about boys.
Cuz there's weird
all over this group of arty folks.

#Art #HumanTrafficking
#OSU #MOB #TOC #LesWexner
Mysteriously wealthy
Jeffrey Epstein
seems 2 have captured
attention of billionaire
Leslie Wexner
as Epstein is notes as
managing Wexner's billions.

Oh dear.
Epstein + Maxwell
invlvd in
sexual assault
at Wexner's OH estate?

🗣️"Les. Do u have comment?'🎤…
Summer of 1996

Epstein arranges 4 artist
Maria Farmer 2 visit
Wexner's mansion
in New Albany, OH.
[she was accompanied by 2 bros.]

Farmer says Maxwell + Epstein
sexually assulted her,
+ Wexner's security team
refused 2 let her leave.👈😱

Fuqqing philanthropist art collectors.
Read 76 tweets
💰Bank of Cyprus & TeamTrump

Wilbur Ross led a group of US European investors to purchase a $1.3B stake in Bank of Cyprus in July 2014

Cyprus is at the center of 💰flows surrounding Brexit/2016TeamTrump Deripaska, Manafort, Rick Gates, NRA & so much more…
📌Ross's first co-chair was Putin appointee Vladimir Strzhalkovsky, a former KGB agent and long-time associate of Putin.
wIn 2015, Strzhalkovsky was replaced by Maksim Goldman, is director of strategic projects at Viktor Vekselberg's Renova Group and sits on the board of Rusal.…
Read 32 tweets
OK here goes ... #LBC #T4TM

I often torture myself by listening to LBC to try and understand the mindset of others.

As many of you probably agree its shows are generally anti-Labour and virtually always anti Corbyn.


She asked me 'would you like to ask a question on LBC tomorrow morning'. OK ! Great 😄 EXCEPT the conversation got a bit weird. 2/x
I put together a question over a pleasant longish chat and then she honed the question for me into something more 'punchy' and slightly removed from other areas I wanted to ask about.

Read 9 tweets
Rumblings of big truths coming soon re Trudeau, #UraniumOne & #NXIVM cult

What we know so far (THREAD)

"Progressives" Trudeau, Liberal Party of Canada & Bronfman Families 100 YEAR HISTORY of looking after each others interests.…
Trudeau's chief fundraiser 2015 = Seagram's heir Stephen Bronfman, a close personal & family friend.

2017 Bronfman named in #ParadisePapers His Claridge Inc. linked to $60 mill US offshore Caymans trust, tax loophole exploitation, disguised payments.…
Additionally Trudeau chief fundraiser Stephen Bronfman's law firm mounted lobbying campaign in Ottawa for 3 yrs to fight legislation designed to crack down on offshore trusts (Harper's Bill).…

#ParadisePapers #NXVIM
Read 26 tweets
La famille #Pinault ferait mieux de payer ses impôts
Le @gouvernement ferait mieux de s'en assurer plutôt qu'inventer un nouvel outil de défiscalisation

Rappel : @KeringGroup aurait soustrait 2,5 milliards d'impôts
(ce qui grève les finances publiques)…
La famille #Arnault et @LVMH feraient également mieux de payer leurs impôts et le @gouvernementFR de s'en assurer

➡️ La Fondation @LouisVuitton est soupçonnée de fraude fiscale
➡️ @LVMH dispose de 234 filiales dans les #ParadisFiscaux

N'est-il pas indécent que des familles & multinationales 🇫🇷, poursuivis ou soupçonnés de fraude fiscale qui grève les finances publiques, se permettent de telles annonces alors que le pays est saisi par l'émotion ?

#Arnault #Pinault #LVMH #Kering #NotreDame
Read 11 tweets
The #PanamaPapers spurred countries to crack down on tax avoidance and claw back lost revenue. Three years later, $1.2 billion USD has been recouped. Here’s a country-by-country breakdown of that figure:
🇵🇦 Authorities told @laprensa in Panama they’d recouped $14.1 million in properties and cash as a result of ongoing investigations.
🇫🇷 France collected over $135 million in fees and penalties stemming from than 500 inspections. It’s the first time money from France has been revealed to our partner outlet @lemondefr.
Read 24 tweets
The case against Turkish reporter #PelinÜnker, the only journalist in the world prosecuted for accurately reporting on the #ParadisePapers, had been dropped. She reported on the Maltese havens of a minister and his sons. #GazetecilikSuçDeğildir #JournalismIsNotACrime
See the front page that sparked the Turkish government’s wrath.
Scroll through @PelinUnker’s feed and follow her for the reaction to today’s news. It’s a significant event for press freedom and Turkey, the world’s biggest jailer of journalists.
Read 4 tweets
@MindfulnessWins Because they had to develop systems of sources in a hundred countries to track the money laundering through thousands of banks & jurisdictions with bank secrecy rules designed to protect the networks. They've launched multiple operations to drain the Swamp but each got deflected.
@MindfulnessWins Bank of NY case in 1999, Enron in 2003, a bunch of others since then. What will be revealed is that the crooks were using NSA info to spy on the investigators, FINCEN data to warn the targets of investigations, & DOJ word parsing to not go after players that would expose the plot
@MindfulnessWins They would then blame the White Hats for obstructing the investigations so that no one would trust them. They'd let a few scapegoats fall, but make certain the key players & networks were not investigated. 28 years of changes to bank money laundering rules helped the take down.
Read 5 tweets
Educational thread on the ultrawealthy paedosadist cult #NXIVM and its ties to the #Bronfman family, one of Canada's most powerful families linked to PM Justin Trudeau. #Cdnpoli #OpNXIVM #OpCanary #OpDeathEaters,
2018: The founder of #NXIVM Keith Raniere arrested for child trafficking and the rape of children as young as 12-years-old. #Cdnpoli #OpNXIVM #OpDeathEaters…
Keith Raniere has a decades-long history of trafficking and raping women and children - including "repeated (rapes of) multiple teenage girls" as young as 12, according to a court document. #Cdnpoli #OpNXIVM #NXIVM #OpDeathEaters
Read 36 tweets
Hat tip to @mnrube17 for sharing this with me. The first Israeli bank I've seen implicated in the money laundering schemes. Can't wait to see the receipts! Then we learn who the US Taxpayers were! #ButNothingsHappening
@mnrube17 The bank is to pay a $195M penalty to defer prosecution while they cooperate! Which means they flipped! Looks like involve branches in LA & throughout the US, Switzerland, London & Cayman Islands. The Cayman's branch was shut in 2014 & lead to this case. That's how complex...
@mnrube17 Looks like the tax evasion issues were from at least 2002-2012. Very likely the prosecutions have been helped by the exposure of the #PanamaPapers & #ParadisePapers But prosecutions are now moving forward around the nation.
Read 9 tweets
Don't have time for a real thread on this, but there has been a lot happening on the global money laundering network cases! I just have to share it! We are seeing historic transparency into the corruption of banking, politics & enabling of crimes! #ButNothingsHappening
@OCCRP & @ICIJ & other groups are breaking stories on the Troika Laundromat, another gigantic scheme to launder money from Russia into supposedly reputable banks in West who chose to not ask questions! #TroikaLaundromat
@OCCRP @ICIJ Like many others, this case has tentacles spreading around the world & leads to the deaths of individuals involved or investigating the case.
Read 25 tweets
DOJ seeks recovery of $38M from Malaysian #1MDB corruption! #ButNothingsHappening! This takes the total of assets ordered seized in the case by DOJ to $1.7 Billion!
That's a lot of money laundering change....
That $1.7 Billion is out of a total alleged $4.5 Billion stolen from the fund. That's what we know about!
Read 10 tweets
"The Homestead "temporary influx facility" is the largest shelter for migrant children in the country. Homestead is the only such facility run by a for-profit corporation. It is also the only one that receives no oversight from state regulators."
"The operator is Comprehensive Health Services. The FL-based company dispatched medical teams to the Gulf Coast after Hurricane Katrina, to Haiti after the earthquake, & to Balad Air Base in Iraq. And in 2016, it entered the migrant shelter business."
"The current Homestead contract with the Department of Health and Human Services is worth up to $220 million."
Read 103 tweets
Canada launches audits based on the #ParadisePapers a sequel to the #PanamaPapers So far no prosecutions but a lot cases pending, though they are catching flak for the pace of audits & indictments. #ButNothingsHappening…
50 cases have progressed to criminal tax evasion investigations at this point. They hired over 1,300 auditors to go after the off-shore shell companies.
But Justin from Canada's government is taking heat for slow playing the cases to avoid prosecutions. But supposedly on 25 auditors are working on the Paradise Papers specifically. Which may be fine if the other 1000+ are auditing the 3200 people identified.
Read 3 tweets
What are shell companies? These shells are in groups each of which has common owners, common addresses, common email IDs and common directors
The 45 shell companies that received Rs 14,000 crore. In 2015-16, Modi govt cracked down on shell companies following a recommendation by Indian SIT on black money
Shell cos have nominal capital of 1 lakh, but inter-company loans of thousands of crore of rupees. The loans are advanced in single-tranche while most loans are disbursed in multiple tranches based on project progress.
Read 9 tweets

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