Revelations of the “Pandora Documents”: Tax Refuge Carries the Burden of More than 300 Politicians – The Economy

Top politicians, oligarchs and celebrities are said to have hidden their money in tax havens. Report NDR, WDR and “Sdeddeutsche Zeitung”. Journalists rated a major data leak with about 600 colleagues around the world.

The so-called “Pandora Papers” are said to contain information on the coastal trade of more than 330 politicians from 91 countries. Of these, 35 should be current and former heads of state and the government.

The data set should contain approximately 11.9 million documents. According to relevant media, the data was allegedly leaked to the International Federation of Investigative Journalists (ICIJ) from an anonymous source.

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Czech Prime Minister Andrzej Babis is said to have bought a country fort in southern France for 15 million euros, mostly anonymously. According to him, the release time is particularly sensitive because a new parliament will be elected in the Czech Republic next week.

In addition, he was a client of many celebrities and foreign companies, such as Ukrainian President Volodymyr Selenskiz, Russian President Vladimir Putin, King Abdullah II of Jordan and model Claudia Schiffer. Nicos Anastasios, President of the European Union of Cyprus, was actively involved in the maritime business with his law firm, which was run by his daughters.

Prior to the release of the Pandora Papers, the Panamanian government had already warned that the Panama Papers 2016 would cause severe damage to the country’s image. At the time, an anonymous whistleblower for the “Sdeddeutsche Zeitung” leaked more than eleven million internal documents from the Panamanian law firm Mosaic Fonseka. An assessment in collaboration with ICIJ revealed a sophisticated system for global tax avoidance. (Tablespoons / AFP)