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Secret tax-haven names released to public
Key Excerpts from Article on Website of CBC (Canada's public broadcasting network)
Posted: June 18th, 2013
http://www.cbc.ca/news/world/story/2013/06/14/offshore-leak-...
An enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed light on the murky world of offshore finance. The information, contained in a new online database released [on June 14], has the names of more than 100,000 offshore entities mainly companies and trusts set up in locales such as the British Virgin Islands and Cook Islands and the people associated with them. Media outlets worldwide have been reporting on the information leak since it came to light in early April, with far-reaching global repercussions. The online names database was released ... by the International Consortium of Investigative Journalists, and contains a basic subset of the 260 gigabytes of leaked tax-haven files that the Washington-based group obtained and shared with global news organizations. "What we're doing for the British Virgin Islands, the Cook Islands, and other offshore havens is what's routinely done in many countries around the world making the control and ownership of companies a matter of public record," said Michael Hudson, a senior editor at the journalism consortium. The newly released database shows the names and, where available, the shareholders and directors of offshore companies, and visually maps out links between them. [ICIJ] said it hopes people will browse the names and tip off reporters to new revelations about people and companies doing business offshore.
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