Washington DC - The International Consortium of Investigative Journalists (ICIJ) released its latest research into how individuals and institutions avoid taxes and hide corruption. Previously, the ICIJ released the "Panama Papers" which showed how government officials and individuals evaded laws to hide money and facilitate corruption.
Eric LeCompte Executive Director of the religious development group Jubilee USA releases the following statement:
"Over $500 billion a year is lost by governments around the world because of the tax avoidance revealed in the paradise papers.
"Unfortunately, many of these tax avoidance schemes are legal and we need stronger international laws to prevent this activity."
Available for interview: Eric LeCompte, Executive Director
Contact: Lydia C. Andrews, Deputy Director
[email protected] / (o) (202) 783-3566 x109 (m) (847) 772-2305