Here’s a quick riddle for you: what do Donald Trump’s son-in-law, Shakira, and Queen Elizabeth II have in common?
All of them are mentioned in the Paradise Papers!
This 1.4-Terabyte treasure trove of financial documents contains details about some of the world’s wealthiest people. The list of hundreds of people whose confidential transactions have been revealed by the Paradise Papers includes politicians, business tycoons, entertainment and sports stars, and some of the largest companies on Earth.
The 13.4 million pages that comprise these leaked documents reveal how the world’s rich escape the tax laws of their home countries by using offshore tax havens. It’s more or less a mega-compendium on all things tax avoidance. For that reason, I think it’s an excellent educational resource to any aspiring tax professionals who want to know more about how the global tax system works and the numerous ways people exploit it.
Keep reading to learn more about what the Paradise Papers are all about and what they can teach us about tax avoidance!
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