When Latin America’s elite wanted to hide their wealth, they turned to this Panama firm - ICIJ
Alcogal set up offshore companies for 160 politicians and public officials, leaked records show – including some accused of looting their countries.
www.icij.org
"Over the course of two years, more than 600 reporters from 117 countries have worked on the Pandora Papers, an international journalistic investigation coordinated by the International Consortium of Investigative Journalists (ICIJ), and set up to analyze 11.9 million internal files from 14 law firms, such as Alemán, Cordero, Galindo and Lee (Alcogal), Trident Trust and Asiaciti, all specialized in opening companies in opaque jurisdictions. Prior to the investigation, the names of these firms were already under the scrutiny of several national tax authorities for their role in fomenting tax fraud and money laundering schemes around the world. The corporate tangle that, according to the Spanish Treasury, was used by Shakira to avoid paying €14.5 million in taxes, and the companies that are at the root of Real Madrid coach Carlo Ancelotti’s problems with the taxman are among the 29,700 offshore companies exposed by this data leak."
Soccer coach Pep Guardiola used a tax amnesty to regularize an account he held in Andorra
The Manchester City coach was depositing his salary there while playing at a team in Qatar, and failed to declare it to the Spanish Tax Agency while managing FC Barcelona
english.elpais.com
The Pandora Papers: Secret files from 14 law firms reveal more than 700 offshore companies linked to Spain
This global investigation led by the International Consortium of Investigative Journalists (ICIJ) exposes the murky business dealings of politicians, millionaires and artists from more than 90 countries
english.elpais.com