Watch: Paradise Papers and the India connection

Paradise Papers refer to a trove — 13.4 million files — of financial data leaked from two firms and show how high-profile companies and individuals avoid taxes using artificial entities.

November 06, 2017 / 10:29 IST

Paradise Papers refer to a trove - 13.4 million files - of financial data leaked from two firms. The files contain information about 19 tax havens and show companies & individuals can avoid taxes using artificial entities.

Bermuda firm Appleby and Singapore-based Asiaciti helped the ultra-rich & powerful move money abroad. Appleby allegedly helped clients set up offshore firms & manage bank accounts to evade taxes, manage realty, buy planes and yachts, move tonnes of money across the globe. As many as 714 Indian firms & citizens have been named in the report.

first published: Nov 6, 2017 10:02 am

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