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Reaction: Sheer volume of Paradise Papers data shows industrial-scale tax dodging

Posted by Melanie Kramers Senior Press Officer

17th Nov 2017

The International Consortium of Investigative Journalists has just published new data on close to 25,000 entities connected to the Paradise Papers. Commenting on this release of files on Appleby clients, Ana Arendar, Oxfam's Head of Inequality, said:

"The sheer volume of companies and wealthy individuals exposed by this leak shows that tax dodging is not limited to a few bad apples - it is happening on an industrial scale. And let's not forget, Appleby is just one of many offshore facilitators.

"What we have seen after previous tax scandals is that when the furore dies down it can be pretty much business as usual - that's not good enough. 

"To really put the brakes on tax avoidance that cheats rich and poor countries alike out of billions that could be spent on fighting poverty, as well as public services like health and education, we need decisive action from governments to increase transparency, close loopholes and end harmful tax practices. 

"The Chancellor should use his Budget to commit to implementing public country by country reporting rules for UK-based multinationals by the end of 2019, and require UK-linked tax havens to reveal the owners of companies registered there." 

\ Ends 

Oxfam spokespeople available for interview  on the impact of tax avoidance on the world's poorest. Please contact Melanie Kramers / 07825 088894 

Notes to editors

Oxfam's new briefing paper Ending The Tax Scandals sets out five policy measures needed to tackle tax avoidance. 

Last month Oxfam launched a hard-hitting film - 'The Heist No One is Talking About' - illustrating the human cost of tax avoidance on the world's poorest. 

Bermuda topped Oxfam's list of the world's 15 worst corporate tax havens, published last year, which named three other UK-linked territories implicated in the Paradise Papers - the Cayman Islands, Jersey and the British Virgin Islands.

Blog post written by Melanie Kramers

Senior Press Officer

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