The Paradise Papers shed new light on offshore finance

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THIS week was uncomfortable for a host of well-heeled figures. In the frame were U2’s Bono, America’s commerce secretary, Wilbur Ross, and Britain’s Queen Elizabeth, as well as some of the world’s most valuable companies, including Apple and Nike. All these, and many more, feature in the “Paradise Papers”, a trove of more than 13m documents, many of them stolen from Appleby, a leading offshore law firm. The International Consortium of Investigative Journalists (ICIJ) and its 95 press partners, including the BBC and the New York Times, began publishing stories based on the papers on November 5th. Dozens appeared this week, with more to follow after The Economist went to press.

The ICIJ’s last big splash, the Panama Papers in April 2016, shed light on some of the darkest corners of offshore finance. In contrast, many of the activities highlighted by this leak are legal. But they would be widely seen as flouting the spirit of national tax laws by exploiting the gaps that open…Continue reading

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Ohio Supreme Court Justice Bill O’Neill Wants You To Know He Has Fucked

The last time we saw Ohio Supreme Court Justice and prolific Facebook user Bill O’Neill around these parts, he was taking the “draft dodging millionaires” of the Cleveland Browns to task for kneeling during the national anthem. O’Neill is self-evidently a man of many passions, but mostly he loves to …

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Roy Moore Is Still Going to Run for Senate, Despite Multiple Allegations of Sexual Misconduct

Welcome to Barf Bag, a daily politics roundup to help you sort through the chaotic Trumpian news cycle. Read more… Powered by WPeMatico

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The Best Black Friday Deals Available Right Now

You don’t need to stand in line at the crack of dawn or risk being trampled to death to score the best Black Friday deals; they’re all available online, and we’re collecting the best ones right here. Read more… Powered by WPeMatico