A massive trove of newly released confidential records exposes lucrative tax havens for some of the world's most rich and powerful figures, from Jordan's king to former British Prime Minister Tony Blair and spicy pop singer Shakira - and even an underground art dealer whose collections have been displayed at the Met.
Dubbed the "Pandora Papers," the records consist of nearly 12 million documents detailing systematic tax-dodging by 14 firms that use offshore bank accounts that hide the fortunes and assets of hundreds of wealthy clients.
A shell company in the Virgin Islands purchased a ritzy Monaco apartment in 2003 for Svetlana Krivonogikh for $4.1 million, the papers show.
Blair, Britain's longest-serving prime minister, avoided paying more than $580,000 in property transfer taxes by purchasing an $11 million London mansion by buying the property through shares from a British Virgin Islands holding company, the papers show.
Colombian-born singer Shakira, who is already in tax trouble for allegedly not paying her taxes in Spain, set up offshore entities in the British Virgin Islands to conceal assets, according to the Pandora Papers.
The documents also highlight $700 million worth of London property owned by the ruling family in Azerbaijan, the Aliyevs. Leader Ilham Aliyev's daughter, Leyla, who is highlighted in reporting about the Pandora Papers, was previously married to Emin Agalarov, the Baku-born rock star son of a billionaire developer who has had close ties to Putin and Donald Trump.
The records, with 2.94 terabytes of data, dwarf the Panama Papers in size.
https://nypost.com/2021/10/03/pandora-papers-expose-tax-havens-for-the-rich-and-famous/
No comments:
Post a Comment