Paradise Papers facts for kids
The Paradise Papers are a huge collection of 13.4 million documents. These papers show information about how some very rich people and big companies keep their money in other countries. This is called offshore investment. Sometimes, people do this to pay less tax.
Important people mentioned in these papers include Queen Elizabeth II of the United Kingdom. Also, two former US Secretaries of Commerce, Penny Pritzker and Wilbur Ross, are named.
These documents were made public by a group of journalists called the International Consortium of Investigative Journalists (ICIJ). They worked with a German newspaper called Süddeutsche Zeitung. These same groups also shared the Panama Papers in 2016.
The Paradise Papers include records from a law firm named Appleby. Appleby has said that they found "no evidence of wrongdoing" on their part.
Who was mentioned in the Paradise Papers?
Many well-known people and companies were named in the Paradise Papers. Their names appeared because they had connections to these offshore investments.
Some famous people mentioned include:
- Bono, a famous singer.
- Former Prime Ministers of Canada like Jean Chrétien and Paul Martin.
- Important US officials like Rex Tillerson and Wilbur Ross.
- Other famous people like Madonna, Shakira, and Amitabh Bachchan.
- Leaders from other countries, such as Juan Manuel Santos (former President of Colombia) and Petro Poroshenko (former President of Ukraine).
Big companies were also listed, including:
Related information
Images for kids
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Liberian President Ellen Johnson Sirleaf is listed in the Paradise Papers
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Actor Amitabh Bachchan is listed in the Paradise Papers
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Former Japanese Prime Minister Yukio Hatoyama
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Bono is named in the papers
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Lord Sassoon president of the international Financial Action Task Force on Money Laundering
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Former Ukrainian President Petro Poroshenko and U.S. Secretary of State Rex Tillerson
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Former Prime Minister of Canada Jean Chrétien
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The leaked documents revealed that Secretary of Commerce Wilbur Ross holds stakes in businesses connected to sanctioned Russian oligarchs, which he did not disclose during his confirmation hearings.
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Colombian President Juan Manuel Santos
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See also
In Spanish: Paradise Papers para niños
