trust company and Son pays fees when he uses the jet based on a lease contract. The ownership of the aircraft was transferred to a U.S. Kyodo News is a media partner of the ICIJ project, which came to prominence after similar leaked documents called the "Panama Papers" in 2016 brought public attention to the issue of tax avoidance by the world's wealthiest people and companies.Īccording to the documents, Son purchased a business jet around 2014 through a company established in 2009 in the Cayman Islands, a British territory considered a corporate tax haven. The documents, dubbed the Pandora Papers by the Washington-based ICIJ, are leaked internal files from 14 entities, such as trust companies and law firms specializing in establishing and managing firms in tax havens. The names found in materials obtained by the International Consortium of Investigative Journalists also include Takeo Hirata, a former head of the Cabinet Secretariat section that was in charge of promoting the Tokyo Olympics and Paralympics. More than 1,000 Japanese companies and individuals including SoftBank Group Corp Chairman and CEO Masayoshi Son are listed in leaked documents on tax havens dubbed the "Pandora Papers," at a time when managing wealth through offshore tax shelters has drawn criticism worldwide.
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