\tIt was obtained by Germany\u2019s largest daily newspaper, S\u00fcddeutsche Zeitung<\/em>. The data includes 13.4-million documents (1.4terabytes) from two offshore service providers, Appleby and Asiaciti Trust, and from the company registers of 19 tax havens.<\/p>\n \tWhere does the name Paradise Papers come from?<\/strong> \tWho leaked it?<\/strong><\/p>\n \tBecause of the need to protect its sources, the newspaper is unable to provide information about who supplied the papers.<\/p>\n \tBut the law firm Appleby says it was hacked. Is that true?<\/strong><\/p>\n \tThe S\u00fcddeutsche Zeitung<\/em> can\u2019t verify this claim. The paper received the data through legal channels and evaluated them journalistically.<\/p>\n \tWhat\u2019s different between these and the Panama Papers<\/a>?<\/strong><\/p>\n \tIn contrast with the Panama Papers, these papers contain details of multinational corporations that use the offshore system. Among Appleby\u2019s clients are companies like Nike, Apple, Facebook, Walmart, Allianz, Siemens, McDonald\u2019s and Yahoo.<\/p>\n \tHow did the media collaboration work?<\/strong><\/p>\n \tThe S\u00fcddeutsche Zeitung<\/em> shared the data with the International Consortium of Investigative Journalists in Washington so other outlets could participate in the reporting \u2014 including amaBhungane and the Financial Mail<\/em> in SA.<\/p>\n \tAre all of the people and companies in the Paradise Papers engaged in criminal activities?<\/strong><\/p>\n \tNo. Much of the activity is legal \u2014 such as when multinationals use subsidiaries in tax havens to reduce the amount of profit they report. Private people who set up an offshore company, report it to the authorities and pay tax on their profits don\u2019t usually run into problems.<\/p>\n \tBut if shell companies are broadly legal, why is this such a big deal?<\/strong><\/p>\n \tJust because something is legal doesn\u2019t mean it\u2019s legitimate or moral. The fact that almost every country loses out on billions each year through legal tax avoidance is a public interest issue. It is money that could be used for hospitals, schools and roads.<\/p>\n \tHave previous leaks had any effect?<\/strong><\/p>\n \tEarlier revelations such as LuxLeaks (2014), Swiss Leaks (2015) and the Panama Papers (2016) triggered discussions about the dangers associated with tax havens. The Panama Papers changed a lot: two prime ministers were forced to resign (in Iceland and Pakistan) and there was an EU investigative committee and tighter laws in several countries.<\/p>\n \tWill all the names be published?<\/strong><\/p>\n \tNo. The S\u00fcddeutsche Zeitung will not publish all of the names in the Paradise Papers. This is because in the case of many of the companies and private individuals that appear there is no obvious public interest.<\/p>\n \t* Written in collaboration with the <\/em>Financial Mail (RSA)<\/em><\/p>\n \t What you need to know about the latest tax haven leak.<\/p>\n","protected":false},"author":2,"featured_media":4601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/4600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/comments?post=4600"}],"version-history":[{"count":0,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/4600\/revisions"}],"wp:attachment":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media?parent=4600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/categories?post=4600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/tags?post=4600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
From the fact that all the places involved are so-called tax havens or “tax paradises”.<\/p>\n![](\"https:\/\/amabhungane.org\/wp-content\/uploads\/2018\/03\/250x106.jpg\")
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The amaBhungane Centre for Investigative Journalism produced this story. Like it? Be an amaB supporter<\/a> and help us do more. Know more? Send us <\/em>a tip-off.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"