Millions of documents reveal those in power use tax havens to evade tax

According to SVT homework reviewWho participated in the review, there are 200 Swedes in the so-called Pandural leak. The list includes a stock exchange CEO and one of Sweden’s richest families, but also a suspected environmental criminal, right-wing extremist and member of the Hells Angels.

35 world leaders and more The books of 100 billionaires who used different tax havens to avoid taxes in their countries Watchman. Among the leaders are the presidents of Ukraine, Kenya and Ecuador, as well as former British Prime Minister Tony Blair. Blair and his wife, Cherie, bought a property in London worth $77 million through a mailbox company that was partly owned by a Bahraini minister.

By buying the company that owns the property, and not the building itself, the couple avoided paying SEK 3.7 million in taxes. The transaction itself is not illegal, it states Watchman, but it shows a loophole that few ordinary employees can use.

According to the revelation, Czech Prime Minister and billionaire Andrej Babis owns a castle worth SEK 200 million on the French Riviera, which was purchased through the company Breadbox. Babis said she wanted to stamp out corruption among the country’s economic elite. Czech Investigace.czHe wrote, who was involved in the review, that Babis transferred the equivalent of SEK 160 million to a tax haven to be able to purchase 16 luxury French properties, including the Château Bigaud castle on the Côte d’Azur.

No normal business transaction could have been carried out in this way, says Kamel Koba, who previously worked on money laundering investigations for Czech investigative journalists.

Babis, who became Czech prime minister in 2017, had previously said he wanted to “run the country as a company”.

Many of those who were selected did so Shell companies have been used to register valuable property as ships, as well as number of accounts where they can invest money without revealing their identity. The documents show how people hid income from the authorities of their country.

Swedish House Mafia writes Swedish band is also among those who set up a mailbox company, writes SVT. A spokesperson for Swedish House Mafia confirms the information for SVT, but claims that the arrangement – and collaboration with the wealth advisor – was terminated in 2013.

The new revelation from the collective journalist ICIJ (International Consortium of Investigative Journalists) contains 11.9 million documents from a number of countries and is described as the largest disclosure of financial secrets to date. More than 600 correspondents from 117 countries participated in the document analysis work.

According to the International Consortium of Investigative Journalists, it has successfully identified 956 companies in different tax havens associated with 336 high-ranking politicians and government officials. Including prime ministers, cabinet members and ambassadors.

New revelations are coming Uncomfortable for Panama, which has not yet recovered from the revelation five years ago.

Panama as a country hard hit by previous revelations, the country’s government writes in a letter to the investigative journalists group. The letter, sent on September 16, was reported by several Panamanian media and was written by a US law firm on behalf of the government.

According to the Panama newspaper, the press The government is concerned that the new disclosure will have similar consequences to the 2016 disclosure and is asking ICIJ to take this into account. If not, a “member of the government” may sue ICIJ for defamation.

It will be the third time as one Similar is detected. at the beginning of April 2016 About 11.5 million documents were leaked the previous year to the German newspaper Süddeutsche Zeitung. The scale of the leak caused the newspaper to share the documents with the International Consortium of Investigative Journalists.

The documents, called the Panama Papers, came from the Panamanian law firm Mossack Fonseca and contain information about mailbox companies owned by their owners in more than 20 countries and territories.

The documents showed that many heads of state, government officials and celebrities used these companies, among other things, to evade taxes and hide their assets in tax havens.

There were nearly 500 Swedes Included in the documents, four major Swedish banks, Nordea, Swedbank, Handelsbanken and SEB Bank, have been investigated by US authorities.

I November 2017 Millions of documents from Bermuda law firm Appleby were released in another leak, featuring Britain’s Queen Elizabeth II, Canadian Prime Minister Justin Trudeau’s campaign manager and Donald Trump’s son-in-law Jared Kushner.

About 2,000 Swedes were included in the documents that became known as the Paradise Documents.

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Panama fears new disclosure by a press group of files from tax havens