The Paradise Papers have shed new light on how the rich and powerful transfer their assets offshore to evade taxes. They have also revealed likely tax evasion by Ukraine’s President, Petro Poroshenko, and business ties between Russia, US social media companies, and even one Trump administration official.
Drew Sullivan, an editor-in-chief of the Organized Crime and Corruption Reporting Project, which investigated the papers, spoke with Hromadske about some of the major takeaways of the leak.
“Wealthy people, powerful people get caught every single time you unravel these records in one of these offshore firms, and that’s why there’s going to keep being leaks from offshore firms,” Sullivan says. “Because this is how wealthy people hide their money.