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8 Oct, 7 tweets, 5 min read
🇨🇱 Chilean President Sebastián Piñera will be criminally investigated due to a contract uncovered in the #PandoraPapers, authorities say.

It's been 5 days since our 600+ global partners began publishing findings. Here's a recap of the fallout so far.🧵bit.ly/3Bp8cjV
🇺🇸 Today, U.S. lawmakers introduced the Enablers Act, a bipartisan bill that would require a broad array of professional middlemen to do more to stop the flow of dirty money, crediting #PandoraPapers findings for highlighting the urgent need for reform. bit.ly/3mAoUGX
🇨🇿 All eyes are on the Czech Republic, where the national election has begun days after incumbent Prime Minister Andrej Babis was revealed to have used shell companies to purchase a $22 million French chateau in 2009.

Our #PandoraPapers investigation:
bit.ly/3uTbb1z
🔎 Czech authorities have also said they will investigate PM Andrej Babis. He’s one of a number of politicians – in Brazil, Peru, Paraguay and more – facing official demands for answers over their offshore activities revealed in the #PandoraPapers. bit.ly/2YBq50w
🌐 A growing list of officials around the world have also pledged to open probes based on those named in the #PandoraPapers, including authorities in Pakistan, Panama, Brazil, Spain, Mexico, Australia, Sri Lanka, Germany, Argentina, India, U.K. and Chile. bit.ly/2WN0MYK
🇪🇺 And the European Union says it plans new rules against tax avoidance after #PandoraPapers revelations, with Commissioner @PaoloGentiloni saying proposals will be presented by the end of the year. bit.ly/3oAHr8r
🤯 And that’s just a brief recap of the impact the #PandoraPapers has had so far.

To follow along for more on the fallout — and the challenges some of our 600+ journalism partners have faced in the wake of the investigation — subscribe to ICIJ: bit.ly/3bkNEOJ

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More from @ICIJorg

10 Oct
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 Image
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. Image
🌴 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
5 Oct
We’ve shared what the #PandoraPapers reveal about world leaders and the elite western institutions that benefit from and fuel the offshore economy.

But how does this system affect everyone else?🧵
(Spoiler: It’s not just tax revenue we’re missing out on.)
bit.ly/3DhIsGP
The #PandoraPapers leads we investigated uncover the societal costs of letting the rich and powerful shield their wealth from view — and how the rule of law has been bent and broken around the world by a system of financial secrecy enabled by the U.S. and other wealthy nations.
The ICIJ team spent months reporting all over the world to understand how the offshore financial maneuvers we were seeing in the #PandoraPapers impact everyday people and communities. Here are some of those stories...
Read 10 tweets
4 Oct
It’s been just one day of #PandoraPapers revelations and we've seen swift reactions to our findings, especially with world leaders from the Czech Republic, Pakistan, Russia, Jordan and Kenya. bit.ly/3owbPkz

But many have been asking: Where's the U.S. in all this? 🇺🇸 🤔
NEW: #PandoraPapers say more about financial secrecy in the U.S. than any offshore leak has before — by exposing its role as a destination for international elites to stash their wealth with a level of protection beyond what's offered by other tax havens. bit.ly/2YsHW9X
In #PandoraPapers, ICIJ and the @washingtonpost together examined the most significant set of records ever made public from inside America’s growing trust industry, where different states compete to lure wealth by offering secrecy. bit.ly/3owbPk
Read 7 tweets
4 Oct
BREAKING: World leaders and the Kremlin react to the first day of #PandoraPapers revelations, as authorities in at least eight countries announce investigations into the financial activities of some of their most high-profile citizens. icij.org/investigations…
🇨🇿 Ahead of this week's election in the Czech Republic, Prime Minister Andrej Babis is asked about #PandoraPapers revelations in a TV debate, as authorities say they will investigate him and others named in the leaked files.

Our findings on Babis here: icij.org/investigations…
🇷🇺 Vladimir Putin’s spokesperson dismissed the #PandoraPapers as “unsubstantiated claims," saying no hidden wealth was found in the Russian president’s inner circle.

Several associates, including a woman he was allegedly involved with, appear in the files.bit.ly/2YfugyG
Read 6 tweets
3 Oct
NEW: #PandoraPapers reveals the inner workings of a shadow economy that benefits the wealthy and well-connected at the expense of everyone else.

Brought to you by ICIJ and 600+ journalists, the largest collaboration in journalism history. 🧵 bit.ly/3uD1T9R
The #PandoraPapers contain 12M documents from 14 service providers.

Our investigation uncovers the financial secrets of 35 current and former world leaders, 330+ politicians and public officials, and a global list of fugitives, con artists and murderers. bit.ly/3a2KPk0
The #PandoraPapers unmask the covert owners of offshore companies, incognito bank accounts, private jets, yachts, mansions and famous artwork — providing more information than what’s usually available to law enforcement and cash-strapped governments. bit.ly/3a2KPk0 World map depicting where the beneficial owners revealed in
Read 13 tweets
4 May
Amazon’s latest corporate filings in Luxembourg revealed that the company collected record sales income of €44bn (£38bn) in Europe last year, but did not have to pay any corporation tax to the U.K., @guardian reports. theguardian.com/technology/202…
This year, countries are expected to negotiate a global minimum corporate tax scheme and digital tax reform at the OECD in order to get big tech companies and multinationals to “pay their fair share and do so in the right place.” icij.org/inside-icij/20…
ICIJ's #LuxLeaks investigation brought attention to Luxembourg's role as a corporate tax haven for multinational companies that cut deals around complex financial structures designed to create drastic tax reductions. icij.org/investigations…
Read 4 tweets

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