Bono owns a bit of a Lithuanian shopping centre. The Queen finances a whisker of BrightHouse, the household goods business accused of exploiting its customers. Lewis Hamilton dodged VAT on his private jet with the finesse of an F1 champion. These are just a few of the headline details that have emerged this week out of the Paradise Papers, a leak of 13.4m files from the offshore law firm Appleby. They show the world’s super rich employing legions of accountants to legally avoid paying the tax they owe to the country where they live. And all over the world, jaws have dropped in astonishment.
For more read the full article at The Guardian.