The leak of 13.4 m certificates shows the scale of the offshore territory and implies everyone from the Queen to Facebook

What are the Paradise Papers ?

The name refers to a hole of 13.4 m files. Most of the documents- 6.8 m- relate to a statute firm and corporate works provider that operated together in ten prerogatives for the purposes of the word Appleby. Last year, the “fiduciary” forearm of the business has been the object of a conduct buyout and it is now called Estera.

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There are also details from 19 corporate registries maintained by governments in secrecy jurisdictions- Antigua and Barbuda, Aruba, the Bahamas, Barbados, Bermuda, the Cayman Islands, the Cook Islands, Dominica, Grenada, Labuan, Lebanon, Malta, the Marshall Islands, St Kitts and Nevis, St Lucia, St Vincent, Samoa, Trinidad and Tobago, and Vanuatu.

The papers cover the period from 1950 to 2016.

Appleby leak graphic

How many media organisations have been looking at the data ?

The Guardian is one of 96 media partners in development projects. A total of 381 columnists from 67 countries have been analysing the material.

Who got the documents- and how ?

The leaks were obtained by the German newspaper Suddeutsche Zeitung, which likewise received the Panama Papers last year. Suddeutsche Zeitung shared the material with the International Consortium of Investigative Journalists, a US-based organisation that coordinated the global collaboration. Suddeutsche Zeitung has not, and will not, discuss issues around sourcing.

Size of Paradise Papers graphic

Do the Paradise Papers focus on companies or individuals ?

Both. They are married by one thing- coin. Some of the world’s biggest multinationals feature in the spill, including Apple, Nike and Facebook, as well as some of the richest beings in the world, from the Queen to Bono, and from the stars of British sitcoms to the stars who kindness Hollywood Boulevard.

What do the documents evidence ?

The records demo the offshore conglomerate is bigger and more complicated than most people plan. And even companies such as Appleby, which respects itself on being a standard bearer in the field, have come contaminate of the regulators that try to police the industry.

The enters set out the myriad paths in which companies and individuals can eschew charge use artificial organizations. These strategies are legal if led correctly. But numerous seem not to be. And politicians around the world are beginning to ask whether they should be banned. Are they fair? Are they moral?

A fundamental question posed by the Paradise Papers is: has tax avoidance in all its masquerades gone too far?

What does Appleby say ?

The firm has revoked any evil, either by itself or by any of its consumers. But it has conceded that it is not infallible and has tried to learn from its mistakes. The company has agreed to take part in any formal investigates that come out of the exposures. Estera has declined to comment.

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