Paradise Papers

Wilbur Ross is probably just one of many billionaires who lie about being billionaires

8 months ago adcity Comments Off on Wilbur Ross is probably just one of many billionaires who lie about being billionaires
It’s been a rough week for US commerce secretary Wilbur Ross. On Nov. 5 the Paradise Papers, a giant leak of documents, revealed that he had a stake worth millions in a company with ties to people close to Russian president Vladimir Putin. On Nov. 7, Forbes reported that Ross, who has spent 13 years Read More

Apple had five burning questions about the best tax haven for its billions

8 months ago adcity Comments Off on Apple had five burning questions about the best tax haven for its billions
The world’s most valuable company is in the spotlight on day two of the Paradise Papers revelations. The massive trove of leaked files shows that in 2015 Apple secretly began funneling part of its revenue from outside the Americas to the island of Jersey, a UK crown dependency with a 0% corporate-tax rate for foreign Read More

Someone on Reddit hinted at the Paradise Papers 16 days before they were released

8 months ago adcity Comments Off on Someone on Reddit hinted at the Paradise Papers 16 days before they were released
On Sunday, Nov. 5, journalists at nearly 100 media organizations began publishing stories on a massive document leak revealing financial information about the offshore accounts of the ultra wealthy. At 1.4 terabytes, the trove dubbed the Paradise Papers is second in scale to last year’s Panama Papers (2.6 TB) and includes details on elites from Read More