Paradise papers: Reveal the extent of tax evasion in the world Apple and Big tech companies under spotlights
A
year of investigation, by around 400 journalists everywhere in the world, has
allowed revealing how many companies - Nike, Apple - and many wealthy
individuals - Rex Tillerson, Wilbur Ross, were able to evade tax on a legal
basis or to the borders of legality, thanks to the flaws of the international
tax system.
To
carry out this survey, called the "Paradise papers”,a few months after the
"Panama papers" which had kneeled the company Mossack Fonseca.
The
international Consortium of Investigative Journalists (ICIJ) and 96 media,
including "The World" have Peeled 13.5 million of confidential
documents, a good part of which comes from a law firm specialized in offshore
finance, Appleby, based in Bermuda.
"In
the coming days, the Paradise papers will reveal to you the offshore secrets of
well-known multinationals, including French, which artificially move their
financial flows to zero-tax territories, in order to pay The least possible
taxes where they actually operate.
The
secrets, too, of large conglomerates concealed behind myriads of
company-screens, to escape the controls. Those, finally, of mining companies
that use tax havens as screens for dubious transactions.
The
journalist would tell how two island Territories, Malta in the Mediterranean
and the Isle of Man, in the Irish Sea, "are taxing the European Union's
tax revenues by attracting the private yachts and jets of billionaires,
insurance companies and of online gaming, through tax rebates and other
regulatory schemes.
"This
new leak ,makes it possible to bring to the attention of the public from the
commercial registers of nineteen of the more obscure tax havens of the planet,
usually very difficult of access, or simply inaccessible, Barbados to the"
Vanuatu, through the Lebanon and the Cook Islands"
Appleby, Rolls-Royce of offshore finance
At
the heart of these revelations, a specialized firm: Appleby. The survey shows
how this company-more than 700 employees-considered the "Rolls-Royce"
of offshore finance, pushes the limits of legality without crossing the red
line and with some sophistication.
"This
is precisely what makes salt and the interest of this new investigation."
It opens the doors of an offshore industry in perpetual motion to find, in the
laws of States, loopholes to circumvent the rule and evade their taxes ".
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