A year-and-a-half after the largest ever leak of information to journalists — the Panama Papers — a new leak containing even more documents is being made public today. Dubbed the Paradise Papers, the cache of 13.4 million records — almost two million more documents than the Panama Papers — includes files from two major offshore law firms and 19 corporate registries from traditional tax havens. The files expose a worldwide shadow economy worth trillions of dollars that owes its existence to the secrecy provided by tax havens. Martin’s former shipping empire, Canada Steamship Lines, is one of Appleby’s “biggest clients,” according to a document in the leak. Appleby was awarded offshore law firm of the year in 2010 and corporate law firm of the year in 2015.

Source: thestar November 05, 2017 18:00 UTC