Paradise Papers: Glencore, Standard Bank and Shanduka named in tax haven exposé
SA names aplenty in huge tax leak
A number of high-profile South Africans and local institutions are flagged in the biggest tax leak since the Panama Papers, which is set to cause ripples among many who have stashed their wealth in offshore tax havens. Most of the 13.4m documents that have emerged from more than 19 “secrecy jurisdictions” relate to Appleby, an elite law firm with offices in offshore jurisdictions across the globe, and its corporate services provider, Estera, which operated under the Appleby name until last year. This leak — the “Paradise Papers” — highlights damning cases of tax abuse and questionable business practices involving multinational companies, high-level politicians, celebrities, wealthy executives and royals. It includes previously hidden details of corporate registries from countries infamous for ensuring high levels of secrecy — key nodes in the global shadow economy. Revelations in the Paradise Papers are likely to result in US President Donald Trump facing tough questions over busine...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.