Huge new leak exposes offshore secrets of ultra-rich

From 19 tax havens

clock • 2 min read

Multinational businesses and high-net-worth individuals including politicians and celebrities are set for an uncomfortable week as another huge leak of confidential files relating to offshore financial affairs hits the news.

Second only in size to last year's so-called Panama Papers leak last year, what have been dubbed the Paradise Papers' - which come from two offshore service providers and the company registries of 19 of the world's tax havens - was again obtained by German newspaper Süddeutsche Zeitung. It has been shared by the International Consortium of Investigative Journalists, whose partners include the BBC and the Guardian. According to the Guardian: "The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive - and the complex and seemingly artif...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why wellbeing is integral to financial planning

Why wellbeing is integral to financial planning

First Wealth founder and managing director Anthony Villis

Isabel Baxter
clock 25 September 2026 • 1 min read
Talking to each other is the best way to boost financial confidence

Talking to each other is the best way to boost financial confidence

'There's a permission problem'

Sophie Hall
clock 25 September 2026 • 3 min read
Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Working with Nicolas Hamilton, younger brother of F1 champion Lewis

Professional Adviser
clock 25 September 2026 • 1 min read