Pandora Papers: Newly revealed docs expose tax havens for wealthy and well-known

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A large trove of newly launched confidential data exposes profitable tax havens for a few of the world’s most wealthy and highly effective figures, from Jordan’s king to spicy pop singer Sharika — and even an underground artwork seller whose collections have been displayed at The Met.

Dubbed the “Pandora Papers,” the data include practically 12 million paperwork detailing systematic tax-dodging by 14 companies that use off-shore financial institution accounts that disguise the fortunes and property of a whole bunch of rich shoppers.

The data, the most important ever leak of confidential paperwork, had been compiled and launched by the International Consortium of Investigative Journalists, a worldwide coalition of media organizations.

Among these nabbed with off-shore accounts are 35 present and former world leaders, together with Jordan’s King Abdullah II, who had hidden $106 million from the acquisition of mansions in Malibu and elsewhere, based on a report in the Washington Post.

Also shielding their property from taxes had been Czech Prime Minister Andrej Babis, Ukrainian President Volodymyr Zelensky, and Kenyan President Uhuru Kenyatta.

Former British Prime Minister Tony Blair avoided paying $580,000 in property transfer taxes, according to the newly released documents.
Former British Prime Minister Tony Blair prevented paying $580,000 in property switch taxes, based on the newly launched paperwork.
Getty Images
Art collector Douglas Latchford (right) allegedly hid profits using offshore accounts, according to the papers.
Art collector Douglas Latchford (proper) allegedly hid earnings utilizing offshore accounts, based on the papers.
TANG CHHIN SOTHY/AFP through Getty Images

Douglas Latchford, an indicted antiquities seller linked to looted Cambodian artifacts — whose artwork collections have been displayed at New York’s Metropolitan Museum of Art — allegedly used the offshore accounts to hide earnings from underground artwork buying and selling.

Tony Blair, Britain’s longest-serving prime minister, prevented paying greater than $580,000 in property switch taxes by buying an $11 million London mansion by shopping for the property by shares from a British Virgin Islands holding firm, the papers present.

The Pandora Papers allege singer Shakira used accounts in the British Virgin Islands to avoid taxes.
The Pandora Papers allege singer Shakira used accounts within the British Virgin Islands to keep away from taxes.
AP Photo/David J. Phillip

Colombian-born singer Shakira, who is already in tax trouble for allegedly not paying her taxes in Spain, arrange offshore entities within the British Virgin Islands to hide property, based on the Pandora Papers.

Sports figures, together with Canadian Olympic determine skater Elvis Stojko and Formula 1 race automobile driver Jacques Villeneuve, additionally made the prolonged listing.

The data, with 2.94 terabytes of knowledge, dwarf the Panama Papers in measurement.