Massive leak of secret documents shared with Guardian and other news organisations shows how world’s biggest businesses and leading politicians have sheltered their wealth in tax havens
In Australia the resources minister, Matthew Canavan, has been quizzed about revelations that Glencore, a Swiss-based mining giant, used cross-currency swaps of up to $25bn of a type under specific investigation by the Australian tax office.
Canavan wouldn’t comment on the detail of Glencore’s affairs.
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The political reaction is coming thick and fast in the UK.
Labour leader Jeremy Corbyn said the Paradise Papers are further evidence that there’s “one rule for the super-rich and another for the rest of us”.
The @premierleague has very strict club ownership rules. I’m sure they’ll investigate whether their rules have been breached with this #ParadisePapers leak. I’ll be writing to them tomorrow. https://t.co/UzHx0FMlm1