do you see the cayman islands in that way? regime that normally includes very low rate of tax or even a zero rate of tax and a certain level of secrecy and transparency. there have been many lists of tax havens done by different international organisations including the 0ecd, and the cayman islands does pop up as one of the havens sometimes appearing on those lists. as one of the havens sometimes appearing on those listsm as one of the havens sometimes appearing on those lists. if the 0ecd thinks you should be on that list, why do you think you should not be? that information is incorrect. the cayman islands does not show up on any tax haven list for the oecd. and with regard to the two items that were shared as definitions of tax havens, the cayman islands does not really qualify for either of those. when you talk about having differentiated tax rates, the cayman islands does not have those for foreign entities. the cayman islands is also not aid the jurisdiction, we don't have shell companies, numbered accounts or anything l

it went in the the cayman islands and you do.a retailer called bright house. mps have attacked it for charging inflated interest rates to some of the poorest people in the country. nicholas witchelljoins me now. any reaction from the palace? no. they are leaving it to the duchy duchy of lancaster. it is the pricing and mystifying. how could her advisers who has placed this money on her behalf, have thought that it was appropriate for her money to be placed offshore. it is important that we stress that there is no question of tax avoidance in her case. point of fact, the duchy of lancaster is exempt from paying uk tax, it has a crown exemption. the queen voluntarily pays tax on her private income. from the duchy of lancaster last year was £19 million, a significant income. but it is the association with this activity of tax avoidance which is, i think without any question, embarrassing to her. and it is the absence of common sense and prudence, displayed by her advisers that thinking she, of all people, he was respected because sh

, and turks in chaos. the cayman islands, and turks and gaicos.h, as they allow firms and individuals to avoid being taxed multiple times by different countries. there have been a lot of new rules on transparency as well. but they are not criticised for being too secret. too weak on regulation, and too open to corruption. critics say the laws have also failed to keep up with global companies which can move vast amounts of money around the world at the touch of a computer key. we are not the only ones who have used tax competition and light touch regulation to lure companies to our shores. 0ther countries that have been criticised include switzerland, singapore, and america, which has low tax systems in many of its states. there is also an important distinction to remember when speaking about tax havens. tax evasion is illegal, while tax avoidance is using legal structures to reduce tax levels. how much could tax avoidance be worth to the national exchequers like the treasury? well, globally anything between £75 billion and £180 billion. many now b

, then the cayman islands authorities automatically have to give that information.o the uk authorities. and likewise, if you have, say, a uk individual that has another account in italy, the italian authorities then exchange that information. so there is now an automatic exchange of information. that's introduced by the 0ecd. you then have fatca, which was introduced to achieve the same thing the us taxpayers. so us individuals who have accounts... so there wasn't a problem? there is a lot more exchange of information. so you are calling for an inquiry, but actually the reporting is better than it used to be? the transparency that we've asked forfrom the government, which they refused, what does that say? what's wrong with transparency, what's wrong with accountability, what's wrong with having systematic plans? and we, the british taxpayer, knowing about that, if this is all hunky—dory, there is no problems, why do we have these paradise papers, come on, the implications... nobody has been prosecuted as a result of the panama papers. whether they have been robust e

they've always been doing and i actually went for a holiday in the cayman islands back another cannot in ninety six and visited a building which i think was responsible for about half the world's record profits it included news ltd in saw their packer organization a straight to that i had special interest in general motors the tax evasion by the wealthy has been going on for decades and will never stop it we simply have to find a way to. bring tax revenue back into the government the that they caught a vides and always managed to evade income tax do you think this growing pressure stay for that to happen because we've talked about how this is going on for a very long time is that public pressure to you is what is pressuring the government to take action now and stop this sort of thing from happening to you think well they know that they'll never stop it this way and possibly the failure to do this is because we done of the stand how taxation actually works we think taxation is necessary to finance government spending in facts government can spend it regardless of taxation the taxation

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islandsnd bermuda by her private estate, the duchy of lancaster. the revelation comes from a cache of more than 13 million secret documents — one tax expert says it's likely to embarrass buckingham palace. the papers also disclose how donald trump's commerce secretary has business links with russian allies of president putin who are subject to us sanctions and the spotlight is on the conservative party donor lord ashcroft: the files suggest he could face a tax bill of tens of millions because of the way he may have used an offshore trust. do you have tens of millions in an offshore trust that you secretly control? does that mean you can avoid millions in tax through that trust? why don't you talk to me, it would be great to hear your view? over the next half an hour, this bbc news special programme will report on the first revelations of the paradise papers — and the issues they raise about the secretive world of offshore finance and tax avoidance. good evening and welcome to bbc news. report

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islands bermuda by her private estate, the duchy of lancaster. cabinet minister, damian green, describes claims that police found pornography on his computer in 2008 as "political smears". good evening and welcome to bbc news. at least 20 people have been killed and dozens injured in a shooting in texas, according to the authorities there. a gunman opened fire at a church in sutherland springs, near san antonio. he's believed to have been killed. 0ur north america correspondent james cook has the latest. mid—morning on a sunday, and like millions of americans, the people of sutherland springs were at worship. in the first baptist church, the serenity was shattered when a man opened fire at a service normally attended by around 50 people. the church pastor's 14—year—old daughter is reportedly among the dead. 0ne witness described how she took shelter when the shooting began. i'm about 50 yards away. there's a row of houses. we went running outside when we heard the shots, and we looked at each

they say we're going to catch you if you park your money in a place like the cayman islands, because we're going to have a tax of 10% on important high return tax, is what they call it. and the way they determine whether you are making an excess profit is you look at your tangible assets in that country, and you determine whether or not the profit you have made is over 8%. that's the way it approximately adds up onto this bill. but here's the problem. it's an average international minimum tax. not a per-country minimum tax. so let me tell you what a company does that wants to reduce its tax obligation. they move their company offshore. they take a company, say, in baltimore, maryland, that's $100 million, and they're making $5 million profit today here in the united states, and they will be taxed at 20%, and then they've got this profit from the cayman islands at $2 million. now, under that previous provision, i talked about this effort in the republican bill to protect against what they call high return tax areas. they would normally have captured some of the income generated, the p

half of the 10 million was invested in the cayman islands come ata invested in the cayman islands come a tax haven where the queen is head of state. now, we can't see where all the money went, but the documents show the duchy invested in medical and technology companies, and two british high street retailers. one was the off—licence chain thresher, which went bust, owing millions to the taxman. another was the rent to buy retailer brighthouse. it was fined £50 million for irresponsible lending. she's in. now, the duchy didn't give us she's in. now, the duchy didn't give usa she's in. now, the duchy didn't give us a figure for thresher, but said its investment in brighthouse currently adds up to... it said: it's so obvious that if you're looking after the money of the monarchy, you've got to be cleaner than clean, and you must never go near the dirty world of money—laundering, tax avoidance, tax evasion. there's a lot more about the british establishment in the paradise papers. i, michael, lord ashcroft, do swear by almighty god that i will be faithful... lord ashcroft has given more th

and falklands and gibraltar and st —— places like bermuda, cayman islands and falklands and gibraltarthe first of the high commissioner is, they normally come at the end, but they are the oldest members of the commonwealth, canada, australia, new zealand, south africa and india, all of whom had thousands and india, all of whom had thousands and thousands of people serving both in the first and second world war. indeed, india's acting commissioner is here and was said to have nearly 2.5 million people by august 1945 underarms. they are followed by the high commissioners, or deputy high commissioners, or deputy high commissioners, of pakistan, sri lanka, ghana, malaysia, nigeria, cyprus, sierra leone, tanzania, jamaica, trinidad & tobago and uganda. following them, kenya, malawi, malta, george cross, zambia, singapore, guyana, botswana and lesotho. and now barbados, mauritius, swaziland, tonga, fiji, bangladesh, the bahamas, grenada, papua new guinea and the seychelles. and the final group of high commissioners from the commonwealth of dominique, st lucia, st vincent & the grenadines ——

fun but the cayman islands is an illegal i don't see and all of that i just don't see illegality i think this is to. play the culture of class warfare populism or look at these evil people evil corporations evil famous people trying to avoid paying their fair share but you know what we when i say we i mean the less richard famous do it on a smaller scale we have accountants we deduct this we deduct that if it's allowed to happen if it's not illegal i hate to say it but there's not much wrong with it do you think this is sort of a social pressure campaign obviously there are a lot of people who hide money in very illegal ways and very bad ways but let's talk about you know they know they the political pressure is put on some of the people whose names are on these accounts and do you think this is sort of a social pressure operation and some kind of salute how will that have here i mean . no absolutely it's all about that it's all about saying how dare you i mean there's already outrage at queen elizabeth and i maybe there should be how much money does does she have but again i'm n

places like the cayman islands, the british virgin islands, bermuda. 0rthe like the cayman islands, theree, pay nominees to run the business to avoid your name appearing on documents. four, open a bank account in another offshore location for extra anonymity. the sheu location for extra anonymity. the shell company then makes payments into this account. five, spend the money on company assets or loans that you will never pay back. that is just that you will never pay back. that isjust one that you will never pay back. that is just one way to do it. according to one estimate the amount held in offshore financial centres is some $10 trillion. that's more than seven and a half trillion pounds. 0r put another way, roughly the combined economic output of japan, the another way, roughly the combined economic output ofjapan, the uk and france. 0n the other hand, the world of tax havens is notjust for the rich and famous — in fact experts say that indirectly millions of us have investments offshore, through pensions, endowments and other saving schemes. pension funds, insurance companies will u

can see where some £10 million was invested in tax havens, with $7.5 million in one fund in the cayman islandslion in one it is perfectly legal and there is no suggestion tax was being avoided but should the monarch's cash be going offshore? should the monarch's if the money has been invested in a tax haven, i would have thought it would be extremely embarrassing for the queen and the royal family. it would be extremely embarrassing we expect higher standards of the queen in terms of where the investments are located. of the queen in terms of where the duchy told us: of the queen in terms of where the paradise papers also expose a new link between president trump's government and the russians. you know who that is, right? and the russians. it's wilbur ross, president trump's commerce secretary. this is in gennady timchenko, the sanctioned friend of president putin. the sanctioned friend we have found that these two men have a business link. wilbur ross said that he cut ties with companies that could compromise his new role in the us government. your service has resulted in your divesting yours

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islands bermuda by her private estate, the duchy of lancaster. the papers also disclose how donald trump's commerce secretary has business links with russian allies of president putin who are subject to us sanctions. and the spotlight is on the conservative party donor lord ashcroft. the files suggest he could face a tax bill of tens of millions because of the way he may have used an offshore trust. and the other stories developing. the prime minister's deputy, damian green, strenuously denies claims that pornography was found on a computer in his commons office nearly a decade ago. government chief whip chris pincher has referred himself to the police, over claims in a sunday newspaper of behaving inappropriately. multiple casualties are reported following a shooting at a baptist church in texas. catalonia's sacked leader and four former ministers turn themselves in to belgian police — a judge must decide whether to execute european arrest warrants issued by spain. hello and welcome to bbc n

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islandsmuda by her private estate, the duchy of lancaster. the conservative mp chris pincher has referred himself to the police and voluntarily stepped down from the whip's office, following allegations over his behaviour. we were planning to show britain's best new building at this point — but we're going to stay with the breaking news in texas — so if you do want to watch david sillito‘s programme on the stirling prize you can find it on the bbc iplayer. let's get more on the texas shooting. at least 27 people are reported to have been killed at a baptist church at sutherland springs. a small community about 30 miles from san antonio is where this shooting took place. 0ne witness, carrie — who works at a shop close to the church — told cbs news what she'd heard and seen. i'm about 50 yards away, there's a i’ow i'm about 50 yards away, there's a row of houses. we ran outside and we heard the shots, we looked at each other and said, i'm heard the shots, we looked at each otherand said, i'm no

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islands bermuda by her private estate, the duchy of lancaster. cabinet minister damian green describes claims that police found pornography on his computer in 2008 as "political smears". on meet the author this week, my guess is william boyd. we will be talking about his new collection of short stories. we are expecting a news conference by police in the next little while. inafew by police in the next little while. in a few moments, we are expecting various police representatives to appear at those microphones to give the latest information which has to do with the shooting that happened ina do with the shooting that happened in a baptist church in texas about three hours ago where at least 20 people are said to have died. there we re people are said to have died. there were suggestions the death toll might be as high as 27 but we will be back at a news conference in stockdale, texas when it begins. before that, it's the papers. hello and welcome to our look ahead to what the the papers will

not the billionaires, they are not going to pay that, they have their money in the cayman islands. it is the middle class, upper middle class that will pay. they want us to pay except when it comes to make sure that we provide the services that our men, women, and children need. now, the situation has become so absurd -- and this is really how crazy it is -- that one five-story office building in the cayman islands is now the home of nearly 20,000 corporations. now, as best i understand, this particular building in the cayman islands, called the ugland house, is five stories. now, i know you can squeeze people into a building. sometimes three or four people live in a room. but i think it's a little bit hard to understand how 20,000 corporations function in a five-story building. and, of course, the answer is 20,000 corporations do not function in this five-story building. it's all a fraud. it's simply a mailbox address for 20,000 corporations who are in this building in order to avoid paying their taxes. they are stashing their profits and wealth in corporations that use this build

if you look at offshore financial centres, you are talking bermuda, the cayman islands, the virgin islandsuernsey, dependencies. crown dependencies like jersey, guernsey, the dependencies. crown dependencies likejersey, guernsey, the isle of man and also ex—colonies like hong kong which are very much at the cutting edge of tax haven status. all of the centres derive their existence to some extent from the fa ct existence to some extent from the fact that their taxes are lower than in otherjurisdictions. that also means that they undermined the tax base of other countries like the uk or the us. maybe there is less money to go towards public services. this is tax avoidance. now, one is legal, one is not, women are talking about tax evasion. what we are talking about is illegal. people are asking why we are giving people a hard time because what they are doing is not illegal and if there was a proper regulatory system, from hmrc or whoever, then this would not be needed anyway? the vast majority of what goes on and offshore centres is not illegal. if agent is illegal, avoidance is not. but as

millions of pounds of queen elizabeth's private money is invested in offshore funds based in the cayman islands bermuda by her private estate, the duchy of lancaster. live from our studios in singapore and london, this is bbc world news — it's newsday. there's been another mass shooting in the united states. twenty six people were killed when a gunman opened fire at a church during sunday services. the attack happened at the first baptist church in sutherland springs, a small town in texas. the gunman is reported to have been killed in the aftermath. james cook reports. mid—morning on a sunday, and like millions of americans, the people of sutherland springs were at worship. in the first baptist church, the serenity was shattered when a man opened fire at a service normally attended by around 50 people. the church pastor's 14—year—old daughter is reportedly among the dead. one witness described how she took shelter when the shooting began. i'm about 50 yards away. there's a row of houses. we went running outside when we heard the shots, and we looked at each other and said, i'm not going to be

of pounds of the british queen's private estate were hidden in an offshore fund based in the cayman islandsnd have a senior advisor to the canadian prime minister justin trudeau helped funnel millions of dollars to offshore tax havens. the documents alalso take aim at the world's biggest companies showing how n nike and apple avd taxes now facebook and twitter received hundreds of lines of dollars linked to the russian state. the files obtained by reporters at the german newspaper mentioned with international consortium of investigative journalists, then analyze from more than three to 80 journalists from over 90 media organizations are crossed seven countries. for more we're joined by frederik obermaier, co-authohorf the "paradise papers." he is an i investigative reportr at germany's leading newspaper. he also worked on the "panama papers" investigation, and is co-author of the book "panama papers: the story of a worldwide revelation." if you could start out by explainingng how these papers we released and then talk about some of the most outstanding examples with in it, who this is impli

but if they set it up in hong kong or singapore or mexico or switzerland or the cayman islands, they will pay zero on it because it's not made in the united states. that's in this bill. now, they say they are going to recapture some of the money if it gets really obscene, but why should we have that principle at all now? . in fact the law today is compromised enough. it says if they relocate their businesses abroad they don't pay taxes until the profits are repatriated, the profits come back. all of it is on paper, the companies haven't moved any place, that's dubious enough as it is. they want to make the current system worse. they want to say if you set up your business abroad if you ship it overseas either really or on paper, you escape taxation completely and maybe we'll recapture a little of it later through some accounting trick bus basically, this is a massive invitation to corporate america to outsource jobs overseas. to ship our jobs overseas. now i know the president of the united states is not much of a policy wonk. i'm not sure if they have a -- if they have apprised him

places like the cayman islands, bermuda, or the isle of man all guernseyjersey.ffshore location for extra anonymity. the shell company makes payments into this account. spend the money on company assets or loans, that will never be paid back. that isjust assets or loans, that will never be paid back. that is just one way to do it. according to one estimate, the amount held in offshore financial centres is $10 trillion. put it another way, roughly the combine and economic output of japan, the uk, and france. that was ben with his explanation. joining me now is finnouola lynch a tax lawyer, at mccarthy denning llp. the main issue for me is that hackers have targeted one of the best offshore law firms in the world. it's highly regarded and it is known to give top, gold—plated and thighs. for me, the fact is no law firm is immune from this kind of attack on confidential information. what is being done about that then? obviously, the information is out there in the public arena and people are trawling through it. there are some headline points about people investing i

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islandsprivate estate, the duchy of lancaster. cabinet minister damian green describes claims that police found pornography on his computer in 2008 as "political smears". it has an impressive cast but is kenneth ‘s remake of an agatha christie classic is a success? will find out in film review. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are ruth lea, arbuthnot banking group economic adviser. and ben chu, economics editor at the independent. welcome to both of you. the telegraph has a warning from the home secretary, that there could be a "clearing out" of mps and ministers over the westminster sexual harassment scandal. the metro reports on the mass shooting in texas in which at least 20 people are reported to have been killed. 25 people are reported to have been killed. it also pictures the queen, amid the paradise papers leak into offshore funds. the guardian also reports on the paradise papers, which it calls the world's second biggest

they parked their profits in the cayman islands, they parked their international property and low tax havens because of the way they design this 10% average international cut, you are actually encouraging american businesses and corporations to move their operations and their jobs overseas. let's look at another part of the plan. we keep hearing from our colleagues that this will help folks in the middle class. let's look at the estate tax. you're an american couple today and your estate is less y than $11 million, you don't pay one penny. one penny in federal estate tax. not one. and somehow, it became an imperative of the republicans who put together this plan to give a tax break to people at the state with the states over $11 million. so of course they lift that from $11 million to somewhere like $22 million and then they get rid of it altogether. american household with an estate less than $11 million. we are talking about two out of every 1000 american households that benefit. that apparently was a big priority of the trump administration and republicans who put together this pla

means of recourse for them which was to contest these transactions under the merger regime in the cayman islandso bring some of their concerns to light. bring about these disputes about valuations, what is the response from the cayman court? >> what we have seen is the delisting of china again -- shonda game. they contested some of the forecast provided by the company were not entirely objective. theidering the fact that company and the leadership of the company were involved in the buyout. went in and wait up some of the numbers, listen to the expert testimony on both sides and it came out in favor of moscow. the company should i pay than 2.3 times more than what they actually offered to the other investors. >> there are scenes of mutual funds. thank you. singapore and indonesia working together on a common standard for tax reporting, speaking exclusively to bloomberg, here is the administration -- administrator of state finance. >> our regulations have always been clear, if you put money into singapore, if you invest or do business activity here, you should make sure that it is clean, it abide

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islandsf lancaster. the papers also disclose how donald trump's commerce secretary has business links with russian allies of president putin who are subject to us sanctions. and the spotlight is on the conservative party donor lord ashcroft. the files suggest he could face a tax bill of tens of millions because of the way he may have used an offshore trust.

prince of wales‘s private estate, the duchy of cornwall, had $4 million in the tax havens of the cayman islandsermuda. this document shows $1 million in an offshore fund. their annual report says the prince is actively involved in running the duchy. the governance of the duchy of cornwall allows the prince of wales to have a hands on involvement. so you can really see his green wellies stamped over all this turf. we found one deal that centres on this man in the cap, the late hugh van cutsem. he was one of the prince's oldest friends. mr van cutsem was a director of sustainable forestry management limited. they were registered in bermuda, and traded in carbon credits, a market created by international treaties to tackle global warming. sustainable forestry management limited would have made more money if international regulations were changed to include carbon credits from all forests. the chronology of events raises serious questions for the prince. in february 2007, the duchy buys 50 shares, worth $113,500. at that time, sfm's directors agree to keep the duchy‘s shares confidential. mr van cu

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islandsancaster. cabinet minister, damian green, describes claims that police found pornography on his computer in 2008 as "political smears".

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islands of lancaster. the revelation comes from a cache of more than 13 million secret documents — one tax expert says it's likely to embarrass buckingham palace. the papers also disclose how donald trump's commerce secretary has business links with russian allies of president putin who are subject to us sanctions and the spotlight is on the conservative party donor lord ashcroft: the files suggest

moves in complicated ways heard ministrations have invested some of her money in a fund in the cayman islands profits there are tax free at the end of the chain the british company bright tiles it sells household appliances to people on low incomes at exorbitant rates of interest it's unlikely the queen would know about it heard visors is said to be responsible in any case the queen pays tax voluntarily multinationals also appear in the files apple inquired in secret communications about finding a corporate base where it could avoid taxes and nike has a convenient set up in the netherlands to lower its tax rates all quite legal tax avoidance in the european union sometimes were blocked blocked by the fact the number states consider to be should be you go for this or that. and now we're in a different period that's what it called the transparency. it's high time that everybody goes into seeing the reaction to eliminate fraud and to combat that city . thirteen point four million confidential documents were leaked to a munich based newspaper the paper passed them on to reporters around the world

are more far—flung — places like gibraltar, as well as bermuda, the british virgin islands, the cayman islands. such places insist they are good for growth if they allow firms and individuals to avoid being taxed multiple times by different countries. there have been a lot of new rules on transparency as well, but they are criticised for being too secret, too weak on regulation, and too open to corruption. critics say the laws have also failed to keep up with global companies, which can move vast amounts of money around the world at a touch of a computer key. we are not the only ones who've used tax competition and light—touch regulation to lure companies to our shores. other countries that have been criticised include switzerland, singapore and america, which has low tax systems in many of its states. there is also an important distinction to remember when speaking about tax havens. tax evasion is illegal, while tax avoidance is using legal structures to reduce tax levels. how much could tax avoidance be worth to national exchequers like the treasury? well, globally, anything between £75 bill

that millions of pounds of the queen's private money is invested in offshore funds based in the cayman islands and bermuda by her private estate, the duchy of lancaster the revelation comes from a cache of more than 13 million secret documents — one tax expert says it's likely to embarrass buckingham palace. the papers also disclose how donald trump's commerce secretary has business links with russian allies of president putin who are subject to us sanctions. and the spotlight is on the conservative party donor lord ashcroft: the files suggest he could face a tax bill of tens of millions because of the way he may have used an offshore trust. and in other news, the prime minister's deputy, damian green, strenuously denies claims that pornography was found on a computer in his commons office nearly a decade ago. jeremy corbyn tells the bbc he was aware of allegations against suspended labour mp kelvin hopkins before his shadow cabinet appointment. and catalonia's sacked leader and four former ministers turn themselves in to belgian police — a judge must decide whether to execute european arrest

britain's queen elizabeth there with millions of pounds from her private estate being invested in a cayman islands fund but it's about more than the money for the mainstream media which has been scanning the files to get a political scoop now a member of the trump white house is now under scrutiny for his ties to russia to be hearings and if he fails to provide a convincing and compelling explanation he ought to resign now it probably won't surprise you that a lot of news outlets have been searching out some keywords among the millions of paradise papers files to link named and shamed businesses to potential russian interference daniel hawkins looks at how they've been trying to put the pieces together. it's one of the biggest leaks of private documents in the world revealing the financial dealings of the super wealthy and powerful four royal families to global corporations but for most media the focus has been east putin's cronies kremlin meddling team trump's ties to putin's family all the elements to grab the reader's attention so let's break it down meet wilbur ross u.s. commerce secretary an

faces in the papers not least queen elizabeth here she's got millions invested in a fund in the cayman islands and then right next to her is that rex tillerson the u.s. secretary of state he is named as a director of an offshore a used in oil and gas fields and then the man next to him is the billionaire george soros he used a law firm based in the nida to help manage offshore companies and then there's also a couple of famous couple at the end there the veteran pop stars bono madonna they made investments three companies a motor and also for the mains for fish fully under u.s. sanctions but also inverse that era being be spotify gene on russia is about diverting attention away from more serious issues. they're trying to look at this big scatter shot of information and with little tweezers they try to pick out you know some what they perceive to be incriminating data points and then they build a scenario there's only approximately six major media companies in america those are owned by the same kleptocrats that are hiding all these billions of dollars they then put that story out there to defl

. >> a family of four from killed by toxic pesticides in the cayman islands.de paralyzed steve and his two sons. term next will pay $10 million in fines an restitution. >> diagnosing a concussion in children could be easy as taking spit. a study by penn state researchers found five molecules in saliva with the ability to identify concussions and how long they'll last. sometimes athletes don't know they have a concussion. the tests were 95% accurate showing symptoms a month later. >> today marks transgender day of remembrance. people gathered outside the district attorney's office for a silent march. they held signs in memory of those that lost their lives in suicide. >> hundreds of families will have a holiday field. they went from station to station packing bags with all of the trimmings needed for thanksgiving dinner. in the morning 800 meals will be stribu camden bags were handed out with macaroni and cheese and stuffing. >> the important thing there, a lot of food going to people that will be very grateful. >> thanksgiving week, we want quiet weather. that

that assure you can't move your income to the cayman islands.n order to give a tax break to the 2/10 of 1% of americans who now pay the estate tax? that's right, 998 out of 1,000 americans do not pay the estate tax. are the two who pay the group in our society that's most in need of a tax cut right now? i don't think so. in order that they can have a comprehensive 25678 reform the loophole that both parties have been railing against for a decade. this is really a -- almost a completely misguided bill. it is a prostitution of a concept of tax reform. we did tax reform very effectively in 1986. there were three principles. the first was revenue neutrality, we weren't going to bloat the budget deficit. the second was preserve distribution. we're not using it as an opportunity to soak the rich. but we're not using it as an opportunity to tilt the playing field toward those who are most fortunate. and the third principle was close shelters, don't open them. this bill raises the deficit. tilts toward the rich, and creates a massive new set of tax shel

three bags also add up or maybe something in your something in america something overseas or the cayman islands it will hold these rights are complicit in their tough talk or soon to suffer didn't fall it's a film for me to do so i'm susan hendricks ok let's see how we do while we've got home got a nice luxury watch relax stand for stacy oh beautiful jewelry how about a cup of calogero a bill again for unless you know what money the lottery is highly we're going to watch because of course. scene years ago i traveled across the united states exploring america's deadly love affair with a gun if a bad guy tried to get to one of my family members he would have better a lot better and i think it's fair and heartening whenever my my baby's says my book was published in the year two thousand more than hoff a million americans have been killed by phones in the us i had a thought to him yes i did yes this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got hit by the gun fire just saw i did to return to the subject to track down each

millions of pounds of queen elizabeth's private money is invested in offshore funds based in the cayman islandsmuda by her private estate, the duchy of lancaster. at ten o'clock, reeta chakrabarti will be here with a full round up of the day's news. first it's time for our world — escaping isis. street by street, so—called islamic state is losing its last footholds in iraq and syria. the caliphate is almost finished on the battlefield but what of the children whose minds it moulded? the families who became part of islamic state? i have come to northern iraq to find those now trying to rebuild their lives after isis, to meet its child soldiers... if you didn't say the right thing, how did they punish you? ..its former slaves. ..and to search for some of the families of foreigners who chose to join isis. many of them have now disappeared without trace. children singing. in a classroom in northern iraq, they are singing to overcome their memories. these nine and ten year olds were all captives of so—called islamic state, where music was forbidden. chldren singing. from their smiles, you might not

so we can try to win a race to the bottom to bring corporations home from the cayman islands rather thanricter, more appropriate rules that assure that you can't move your income to the cayman islands? in order to give a tax break to the .2% of americans who now pay the estate tax? that's igt. 998 out of 1,000 americans do not pay the estate tax. are the two who pay it the group in our society that's most in need of a tax cut right now? i don't think so. in order that they can have a comprehensive tax reform and leave largely unaltered the famous carried interest loophole that politicians of both parties have been railing against for a decade, this is really an almost completely misguided bill. it is a prostitution of the concept of tax reform. we did tax reform very effectively in 1986. there were three principles. first principle was revenue neutrality. we weren't going to bloat the budget deficit. the second principle was preserve distribution. we're not using it as an opportunity to soak the rich but we're certainly not using it as an opportunity to tilt the playing field towards tho

so i said to my wife do want to go to the cayman islands? so she said yeah, sure, sounds good. i called -- a classmate of john kerry. they graduate together in 66. he said he want to go? this will be fun. it sounded like it could be fun. he said let me call bundy, a nephew of georgia bundy. an assistant to john kennedy. he was very involved with the bay of pigs invasion and the cuban missile crisis. he wanted to go because it never seen cuba and you wanted to see where his uncle screwed up i guess, i don't know. the trip was until october but it will had to start the book, i could wait until october. i begin the book then but the book, you know, kind of took shape but didn't really come to life until i went to cuba, spent 13 or 14 days there. and because of john, they spoke to john kerry and forgot what would of amounted to a get out of jail free card in case we were busted for something. we carried it with us wherever we went. we did get a chance to see the acting ambassador. it was kind of interesting to go to the american industry which as you know, the tectonic ways release

our three banks all set up here maybe something in your something in america something over the cayman islands or do we go through all these banks are complicit in there. to do some serious money laundering ok let's see how we did well we've got a nice watch for max and for stacey old beautiful jewelry. from that you know what money laundering is highly. much keyser of course. one hundred years ago russia was consumed by revolution and unprecedented violence is not an understatement to say the russian revolution. was a defining moment of the twentieth century how did it change russian. that would lead to little ball if he had a lead up would do it because it could fall if it there are. no turban one hundred seventeen the bolsheviks led by vladimir lenin seized power and set out to build the most equitable society on of the fall on the other countries followed russia's example but so far the recipe for universal happiness remains of use if people are still searching to this day. you could be just in the boat in a fairly easy lot of woosh only by did it got up when we were shown to treat. can we

the papers reveal that millions of pounds have been stashed away in a cayman islands fund without beingclosed. moneyrmore, the queen's has been invested in shady business dealings including a retailer called bright house which is believed to exploit disabled people. so not a good look for the royal family. the guardian explains that this information is so important because most of us don't understand the complexities of offshore taxes. which is why rich people have been able to get away with it for so long. the papers say that they now are shedding light on the secretive ways that the rich stay rich. beenlbur ross has also advocated? >> we are looking at the papers. one of the papers is at the forefront of revealing the leaks and they call wilbur ross the minister of his own business dealings. he reportedly failed to disclose to contest -- disclose to congress that he has ties to allies of the vladimir putin. basically, he has been getting rich off the rush a link to business dealings as he served under donald trump in the white house. so this is definitely a serious conflict of interes