Skip to Content

‘Pandora papers’ show London is a key hub for tax avoidance

KIFI

By PAN PYLAS
Associated Press

LONDON (AP) — The British government is facing calls to tighten up defenses against “dirty money” after a leak of offshore data showed how London, in particular, is the venue of choice for some of the world’s richest and most powerful people to conceal their cash. The cache of almost 12 million files, dubbed the “Pandora Papers” and published by the International Consortium of Investigative Journalists and its media partners, including Britain’s Guardian newspaper and the BBC, sheds light on the financial activities of many members of the global elite. The U.K. and London specifically are prominent in the data dump, with the documents reportedly showing how prominent figures from around the world, set up offshore companies to secretly buy property. 

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content