News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Paradise Papers expose tax havens of the mega-rich

New leak raises questions about the finances of top Trump officials and reveals the Queen has millions invested offshore. Here is what you need to know

Wilbur Ross, US commerce secretary
Wilbur Ross, US commerce secretary Photo: Getty Images

A massive new leak of financial data has revealed how the world’s ultra-rich move trillions of dollars through offshore tax havens, and has raised new questions about the finances of top members of the Trump administration, MarketWatch reports.

The leak, known as the Paradise Papers, comes more than a year after the Panama Papers, for which the International Consortium of Investigative Journalists won a Pulitzer Prize for exposing offshore banking practices of the world’s elite.

WSJ Logo