The International Consortium of Investigative Journalists, November 5, 2017, announced the release of The Paradise Papers, a spotlight on the financial dealings world-wide of corporations, politicians and the rich and famous. The papers reveal offshore deals of over 120 politicians world leaders. The ICIJ and its journalism partners will be publishing stories about how corporations evade high taxes, how U.S. political donors use offshore financial structures and how offshore finance of the forest industry has hurt the environment and small communities in Asia.
The papers show how the Russian government has invested heavily in Silicon Valley including Facebook and Twitter. It reveals Commerce Secretary Wilbur Ross’ stake in a shipping company, one of whose major clients is a gas company with Vladimir Putin’s son-in-law as part owner and deputy chair of the board. It shows how Apple and Nike hide money offshore. (Quartz, November 5, 2017, by Max de Haldevang and Zachary M. Seward)
A list of stories and information from the papers include where rich people hide their money, in The New York Times; how to dodge taxes on jets and yachts, the ICIJ; how Nike avoids taxes, in The Guardian; how the Kremlin invests in Silicon Valley, in The New York Times, and how politician make investments, the ICIJ. (Columbia Journalism Review, November 7, 2017, by Pete Vernon)