Elton John and Shakira named in Pandora paper tax evasion – The Hollywood Reporter

Pop stars Shakira, Elton John and Ringo Starr, German supermodel Claudia Schiffer and Spanish singer Julio Iglesias are among the celebrities mentioned in the Pandora essay For one, a massive leak of private financial documents revealed over the weekend by several news organizations, reportedly linking world leaders and global elites to complex offshore accounting and tax avoidance schemes.

Tax authorities in Australia and the UK have confirmed that they will analyse a trove of confidential documents released by the International Consortium of Investigative Journalists (ICIJ) to see if there is any evidence that the wealthy people named in the documents have broken local tax laws.

In addition to current and former billionaires and world leaders listed in the data dump of more than 11.9 million records – including former British Prime Minister Tony Blair, Jordan’s King Abdullah and Czech Prime Minister Andrei Babi TH–and several famous names came up. ICIJ reporters claim that Shakira, Elton John, Ringo Starr and Claudia Schiffer have all set up PO Box companies in known tax havens such as the British Virgin Islands, Panama or the Bahamas, a setup often used to conceal funds from tax authorities.News outlets publishing revelations from Pandora’s paper – a global consortium including Washington postBritish newspaper protectorGermany Süddeutsche Zeitung and national newspaper In Spain – don’t accuse the names in the documents of breaking any laws.

A lawyer for Shakira told ICIJ that the Colombian singer denies all wrongdoing, saying she has announced that her Bahamas-based companies claim they do not offer tax benefits. Schiffer’s representative also claimed that the fashion star pays taxes in the UK where she is based.

Shakira faces a possible tax fraud case in Spain after a Spanish judge in July recommended the singer face trial for failing to pay 14.5 million euros ($16.84 million) on earnings she earned between 2012 and 2014 ) tax. The case centers on allegations that Shakira lived in Spain during this period, despite her tax registration in the Bahamas. On Monday, Shakira’s lawyers said a Spanish court could rule in the singer’s favor, but court officials could not immediately comment.

Pandora Papers is a follow-up to a similar project from the same journalist collective called “Panama Papers” in 2016. However, the Panama Papers are based on a data breach at a now defunct law firm called Mossack Fonseca in Panama.Some Panama Papers revelations used as basis for Steven Soderbergh’s Netflix satire Self-service laundrystarring Gary Oldman and Antonio Banderas as Mossack Fonseca co-founders Jurgen Mossack and Ramon Fonseca.

The latest data dump is even bigger than the Panama Papers and comes from files leaked by some 14 different service providers operating in 38 different jurisdictions around the world. Some records date back to the 1970s, but most documents are from 1996 to 2020.

On Monday, Chancellor of the Exchequer or Treasurer Rishi Sunak told Sky News that the country’s tax authority will review the leaked information and documents “to see if there is anything we can learn”.

Asked in an interview on BBC Radio if he was ashamed that London was sometimes seen as a place where the wealthy avoided taxes, Sunak, a member of the ruling Conservative Party, said: “I don’t think it’s a shame because actually , we have a very good record in this area,” adding, “It has a global scale and we need other countries to work with us to solve this problem, but we are determined to do it.”

Politics London also discussed leaks that former Labour prime minister Tony Blair and wife Cherie avoided paying £312,000 ($423,000) when they bought a £6.45 million ($8.74 million) London townhouse in 2017 by buying an offshore company ) tax. own it.

On the other side of the world, the Australian Taxation Office said on Monday it would also analyse information in Pandora’s paper “to identify any possible Australian connections”.

Georg Szalai contributed to this report.

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