'New havens' for dirty money rise from the shadows - ICIJ
"Seychelles, a thousand miles from anywhere, is an offshore magnet for money launderers and tax dodgers. A look at this corruption-haunted archipelago shows how the offshore secrecy system has grown — and where it's going.
"As global attention turns on the well-known tax havens like the Cayman Islands, Switzerland, and the British Virgin Islands, nations like the Seychelles have quietly made a name for themselves by pushing back against international pressure for more transparency in the shadowy industry. But where the offshore world grows, scandal often follows."
Read the story by Matthew Shaer, Michael Hudson and Margot Williams, in The International Consortium of Investigative Journalists.
"As global attention turns on the well-known tax havens like the Cayman Islands, Switzerland, and the British Virgin Islands, nations like the Seychelles have quietly made a name for themselves by pushing back against international pressure for more transparency in the shadowy industry. But where the offshore world grows, scandal often follows."
Read the story by Matthew Shaer, Michael Hudson and Margot Williams, in The International Consortium of Investigative Journalists.