What Is The Massive Document Leak Known As The Paradise Papers?

The Paradise Papers closely resemble a document leak from last year known as the Panama Papers, which also detailed the offshore holdings and tax avoidance schemes of some of the world’s most powerful people. The Panama Papers caused a significant international fallout when they were released in April 2016, even leading to the resignation of Iceland’s prime minister amid protests and the surrounding controversy. The effects of this new Paradise Papers leak remain to be seen, but it has already put increased scrutiny on high-profile figures including U.S. Commerce Secretary Wilbur Ross and Queen Elizabeth II.

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