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Pandora Papers exposed Influential elites
The Pandora Papers’s 11.9 million records arrived from 14 different offshore services firms in a jumble of files and formats – even ink-on-paper – presenting a massive data-management challenge. It contains a 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world. The task involved three main elements: journalists, technology and time. The investigation is based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low- or no-tax jurisdictions.
As per Deloitte Anti-Money Laundering Preparedness Survey Report 2020, the amount of money laundered in one year is estimated to be between two percent and five percent of global GDP, or from $800 billion to $2 trillion annually. The paper claims how several ultra-rich used trusts as a vehicle for the sole purpose of holding their investments. In India, it is legitimate to set up a trust both in the country and outside. The trust is governed by Indian Trusts Act, which does not see trust per se as a legal entity but does recognise the trustee. It allows trustees to manage and make use of assets for the beneficiaries’ benefits. The rule also allows setting up trust in foreign jurisdiction. Many corporate, large business houses set up trusts for legit purposes and are genuine in nature. The Pandora Papers gathered information on more than 27,000 companies and 29,000 so-called ultimate benefici.
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Pandora Papers exposed Influential elites
The Pandora Papers’s 11.9 million records arrived from 14 different offshore services firms in a jumble of files and formats – even ink-on-paper – presenting a massive data-management challenge. It contains a 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world. The task involved three main elements: journalists, technology and time. The investigation is based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low- or no-tax jurisdictions.
As per Deloitte Anti-Money Laundering Preparedness Survey Report 2020, the amount of money laundered in one year is estimated to be between two percent and five percent of global GDP, or from $800 billion to $2 trillion annually. The paper claims how several ultra-rich used trusts as a vehicle for the sole purpose of holding their investments. In India, it is legitimate to set up a trust both in the country and outside. The trust is governed by Indian Trusts Act, which does not see trust per se as a legal entity but does recognise the trustee. It allows trustees to manage and make use of assets for the beneficiaries’ benefits. The rule also allows setting up trust in foreign jurisdiction. Many corporate, large business houses set up trusts for legit purposes and are genuine in nature. The Pandora Papers gathered information on more than 27,000 companies and 29,000 so-called ultimate benefici
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News video | 2092 views
In this video members of J-Server take a look at the new free to play MMO, Pandora Saga. We find out how good it is on a scale of 1 to bad.
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Gaming video | 1079 views
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
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Sports video | 993 views
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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Sports video | 1717 views
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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Sports video | 1338 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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Sports video | 986 views
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The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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