Offshore tax havens rocked by bank account leaks [1]

The offshore financial industry has been hit by the leak of 2.5 million secret bank accounts of companies and nationals in 170 countries to 86 journalists worldwide, under the leadership of the International Consortium of investigative journalism. Publication began this week.

The leak of two million emails and other documents, mostly from the offshore haven of the British Virgin Islands is expected to cause global shockwaves.

An estimated $32 trillion (€25 trillion) is locked up in the accounts, which are used by plutocrats, heads of state, and celebrities to avoid paying income tax.

Full Story... (eurativ.com) [2]