From CTV.ca:
The Offshore Leaks Database holds the names of more than 100,000 secretive offshore companies, trusts and funds created in locations from Singapore to the Cayman Islands.
Although creating offshore accounts is legal in most countries, offshore accounts can afford the secrecy that allows for individual and companies to evade paying the taxes they would otherwise owe.
The database — now accessible in a web app released Friday by the International Consortium of Investigative Journalists — is the largest stockpile of information about offshore accounts ever made public.
From the International Consortium of Investigative Journalists:
A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over.
The secret records obtained by the International Consortium of Investigative Journalists lay bare the names behind covert companies and private trusts in the British Virgin Islands, the Cook Islands and other offshore hideaways.
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The hoard of documents represents the biggest stockpile of inside information about the offshore system ever obtained by a media organization. The total size of the files, measured in gigabytes, is more than 160 times larger than the leak of U.S. State Department documents by Wikileaks in 2010.
To analyze the documents, ICIJ collaborated with reporters from The Guardian and the BBC in the U.K., Le Monde in France, Süddeutsche Zeitung and Norddeutscher Rundfunk in Germany, The Washington Post, the Canadian Broadcasting Corporation (CBC) and 31 other media partners around the world.
Eighty-six journalists from 46 countries used high-tech data crunching and shoe-leather reporting to sift through emails, account ledgers and other files covering nearly 30 years.
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See Also: How the Database Was Built
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