Chicago - A message from the station manager

The [Wednesday] Papers

By Steve Rhodes

Today in The Paradise Papers: Nevis Is An Offshore Haven Of Opportunity.

Dear Steve,
Today we’re releasing more data from the Paradise Papers. We’re adding more than 160,000 entities to our Offshore Leaks Database from four Caribbean jurisdictions.
We also dive into a story about Kurt Donsbach – a doctor with a history of practicing medicine without a license. He reconfigured a trust in Nevis and moved assets, after being sentenced, which is not surprising given the island’s asset-protection laws.
There is also an update about our UK partners, the Guardian and the BBC, which reported that Appleby – the law firm at the center of The Paradise Papers – is pursuing a legal case against them for their reporting. Our director, Gerard Ryle, called this a “dangerous moment for free expression.”
Until next time!
Amy Wilson-Chapman
ICIJ’s Community Engagement Editor
P.S. We’ve also just made it easier for you to financially support ICIJ. In four easy steps you can organize a fundraiser for us.

Of course, now the United States is its own tax haven – well, even more than it already was – for corporations and the ultra-rich.


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Previously in tax scammage:
* Deepwater Horizon Settlement Comes With $5.35 Billion Tax Windfall.
* Offshoring By 29 Companies Costs Illinois $1.2 Billion Annually.
* Government Agencies Allow Corporations To Write Off Billions In Federal Settlements.
* The Gang Of 62 Vs. The World.
* How The Maker Of TurboTax Fought Free, Simple Tax Filing.
* $1.4 Trillion: Oxfam Exposes The Great Offshore Tax Scam Of U.S. Companies.
* How Barclay’s Turned A $10 Billion Profit Into A Tax Loss.
* Wall Street Stock Loans Drain $1 Billion A Year From German Taxpayers.
* German Finance Minister Cries Foul Over Tax Avoidance Deals.
* Prosecutor Targets Commerzbank For Deals That Dodge German Taxes.
* A Schlupfloch Here, A Schlupfloch There. Now It’s Real Money.
* How Milwaukee Landlords Avoid Taxes.
* Study: 32 Illinois Fortune 500 Companies Holding At Least $147 Billion Offshore.
* Watch Out For The Coming Tax Break Trickery.
* When A ‘Tax Bonanza’ Is Actually A Huge Corporate Tax Break.
* The Hypocrisy Of Corporate Welfare: It’s Bigger Than Trump.
* Oxfam Names World’s Worst Tax Havens Fueling ‘Global Race To Bottom.’
* Offshore Tax Havens Cost Average Illinois Small Business $5,789 A Year.
* State Tax Incentives To Corporations Don’t Work.
* GOP Tax Plan Would Give 15 Of America’s Largest Corporations A $236 Billion Tax Cut.
* Triumph Of The Oligarchs.
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Previously in carried interest, aka The Billionaire’s Loophole:
* Patriotic Millionaires Vs. Carried Interest.
* The Somewhat Surreal Politics Of A Private Equity Tax Loophole Costing Us Billions (That Obama Refused To Close Despite Pledging To Do So).
* Fact-Checking Trump & Clinton On The Billionaire’s Tax Break.
* Despite Trump Campaign Promise, Billionaires’ Tax Loophole Survives Again.
* Carried Interest Reform Is a Sham.
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Previously in The Paradise Papers:
* ‘Paradise Papers’ Reveal Tax Avoidance, Shady Dealings Of World’s Rich And Powerful.
* Just How Much Money Is Held Offshore? Hint: A SHIT-TON.
* Development Dreams Lost In The Offshore World.
* Keeping Offshore ‘Hush Hush,’ But Why?
* Tax Havens Are Alive With The Sound Of Music.
* Today In Tax Avoidance Of The Ultra-Wealthy.
* Go To Town With This Offshore Leaks Database.
* The Paradise Papers: The View From Africa And Asia.
* The Paradise Papers: The End Of Elusion For PokerStars.
* The Paradise Papers: An Odd Call From The Bermuda Government.
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Previously in The Panama Papers:
* The Panama Papers: Remarkable Global Media Collaboration Cracks Walls Of Offshore Tax Haven Secrecy.
* The Panama Papers: Prosecutors Open Probes.
* The [Monday] Papers.
* Adventures In Tax Avoidance.
* Mossack Fonseca’s Oligarchs, Dictators And Corrupt White-Collar Businessmen.
* Jonathan Pie, TV Reporter! They’re All In It Together.
* Meet The Panama Papers Editor Who Handled 376 Reporters In 80 Countries.
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New on the Beachwood today . . .
Triumph Of The Oligarchs
“Most Americans know that the tax plan is payback for major Republican donors. Gary Cohn, Trump’s lead economic advisor, even conceded in an interview that ‘the most excited group out there are big CEOs, about our tax plan.’ Republican Rep. Chris Collins admitted ‘my donors are basically saying, Get it done or don’t ever call me again.’ Senator Lindsey Graham warned that if Republicans failed to pass the tax plan, ‘the financial contributions will stop.'”
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The Real Jonathan Pie
Meet Tom Walker, accidental satirist who gives us a glimpse of how the news should be delivered.
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ChicagoGram


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ChicagoTube
Great Falls International Adds Direct Flight To Chicago; Local TV News Reports Featuring Cubs Gear.

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BeachBook
The Rise Of America’s Secret Wars.

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University Enrollment Decline Continues Into Sixth Straight Year.

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The Kushner’s NYC Buildings Are Mostly Owned By Others.

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Lizard Squad Hacker Admits To Conspiracy Targeting Thousands.

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TweetWood
A sampling.


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And now that inheritance isn’t even taxed!


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The Beachwood Tronc Line: Grog.

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Posted on December 20, 2017