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News Link • TAXES: Federal

Rich and famous in the Paradise Papers


Apple, Bono and Queen Elizabeth II are just a few of the big names and companies revealed in the Paradise Papers leak to have shifted money across the globe to cut tax.

The spotlight on the tax affairs of the rich and powerful comes after a trove of documents was released by the US-based International Consortium of Investigative Journalists (ICIJ), detailing secretive offshore deals that, while not illegal, are embarrassing for those concerned.

Here are some of the most well-known names caught up in the controversy:


- Britain's Queen Elizabeth II has, through the Duchy of Lancaster which provides her income and handles her investments, placed around £10 million (US$13 million) of her private money in funds held in the Cayman Islands and Bermuda.

The funds were reinvested in an array of businesses, including controversial rent-to-own retailer BrightHouse which has been accused of exploiting the poor.

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