Paradise Papers: About 8 Trillion Euros in Tax Havens

November 6, 2017

The law firm Appleby is one of the market leaders for investments in offshore businesses, with 100 million dollars annual revenue, 470 employees and offices in almost every major tax haven. The company was set up in Bermuda and its list of customers includes the names of more than 120,000 people from 50 countries, including princesses, prime ministers and Hollywood stars, as well as some of the richest oligarchs in the world, from Russia, the Middle East, Asia and Africa.

The firm is now beneath the spotlight following the revelations unveiled by the Paradise Papers – a set of 13.4 million documents relating to offshore investment, leaked to the public on 5 November 2017.

According to Suddeutsche Zeitung, the papers show how some clients use mailbox companies to cover up criminal behavior or hide money obtained illegally. The papers also reveal the previously unknown connections of senior American government officials with Russian oligarchs. In total, more than 12 Trump administration advisers, Cabinet members or major donors are included in the list.

The newspaper claimed that the documents prove that giant companies such as Nike, Apple, Uber or Facebook reduce their taxes to ridiculously low rates, reveal offshore assets owned by Queen Elizabeth, the rock star Bono, and Canadian Prime Minister Justin Trudeau in tax havens. They also reveal how political elites use this secret world: more than 120 politicians from nearly 50 countries are involved in one way or another.


ATHENS – More than four years after July, 2018 wildfires killed 103 people and nearly wiped out the seaside village of Mati, some 18 miles northeast of the capital, 21 defendants facing an array of charges will be tried Oct.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Greek-American Cornell Student Rescues Man on Subway Tracks in the Bronx

NEW YORK – Greek-American Cornell University senior Bryce Demopoulos rescued a man who had fallen on the subway tracks at the Third Avenue-138 Street station on the No.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.