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and Leann D., 18225 Northern Hills Drive, 4,000. Legacy Homes Omaha LLC to Yaksich, Nicholas and Kelly J., 15205 Elmwood Drive, 0,000. The trove of records known as the “Paradise Papers” unveiled this week by the International Consortium of Investigative Journalists (ICIJ) has exposed the financial hideaways of iconic brands and power brokers across the political spectrum.Among the revelations resulting from the leak have been ties between Russia and the United States commerce secretary, secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau, and the offshore interests of the queen of England and more than 120 politicians around the world.
When Oxfam reports that just eight people own as much wealth as the poorest 50% of humanity, comparisons to the Middle Ages don’t seem so far fetched.Tax avoidance, although it gets the bulk of the media coverage, is only part of that larger, and much more troubling picture.Leaks like the Paradise Papers tell a story of rampant —people who worked for firms very much like the ones exposed in the recent leaks—marvelled at the degree to which their clients’ wealth and power put them “above the law.” This creates a political problem, especially in democracies where legitimacy depends on all citizens being equal in their obligation to obey the laws of the land.And they’re not just avoiding tax: lots of people put assets offshore even if they come from places that don’t tax income, inheritances, wealth, or capital gains.
They’re putting assets in Bermuda, or Panama, or one of the dozens of other offshore financial centers because they don’t want to pay back their creditors, or submit to fines imposed by a judge, or split assets with a divorcing spouse. and Jeffrey to Raznick-Murray, Tracy, 15303 Whitmore St., 4,000.