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Vanuatu corporate registries involved in Paradise Papers scandal

Vanuatu corporate registries involved in Paradise Papers scandal

Details from the corporate registries of four Pacific island countries, including Vanuatu, are among millions of leaked files purporting to show the extent of tax avoidance around the world.

The leak, dubbed the Paradise Papers, contains more than 13.4 million documents mostly from the offshore law firm Appleby, reports RNZI.

The papers contained details from the corporate registries of Vanuatu, Cook Islands, Marshall Islands and Samoa and as well as 15 other registries, mostly in the Caribbean.

The International Consortium of Investigative Journalists is investigating the files along with a network of journalists around the world.

It said they came from two offshore services firms as well as from 19 corporate registries “maintained by governments in jurisdictions that serve as waystations in the global shadow economy”.

More disclosures were expected this week exposing the tax and financial affairs of some of the hundreds of people and companies named in the data.

Those investigating the papers said the vast majority of the transactions involved no legal wrongdoing.

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