Category: tax haven

Rumors Swirl About Source of Pandora Papers

October 5, 2021
InternationalPanama PapersPandora Paperstax havenTechWorld
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On Oct. 3, the International Consortium of Investigative Journalists (ICIJ) and its affiliates began publishing stories about the Pandora Papers—a trove of 2.94 terabytes of data comprising some 11.9 million records, reportedly exposing the finances of the world’s wealthy elite. The Pandora Papers follow the ICIJ’s 2016 Panama Papers and 2017 Paradise Papers investigations. The…

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Luxembourg Fund Industry Is a $5.4 Trillion ‘Black Box,’ Investigation Says

February 9, 2021
BusinessEuropeinvestment fundLuxembourgmoney launderingtax avoidancetax evasiontax havenWorld
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LONDON—Luxembourg’s investment fund industry is a financial “black box” that helps people launder illicit money and avoid tax, according to an investigation published on Monday whose findings were rejected by the EU nation. The OpenLux investigation by journalists from a group of media organizations, including Le Monde, Le Soir, the Miami Herald, and Sueddeutsche Zeitung,…

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