New Delhi: 18 months after leaking of Panama papers on black money, a disclosure was made from Paradise Papers. The documents were obtained by German newspaper Süddeutsche Zeitung and probe the International Consortium of Investigative Journalists (ICIJ). According to the information, ‘Paradise Papers’ contains 13.4 million documents. These papers also contain information about the world’s powerful and wealthy people’s investments.
As per one of the leading newspaper, this disclosure reveals the names of many celebrities, including Queen Elizabeth, the American President, and many powerful people of the world. According to sources, this information has been received from the countries of the tax haven. Tax haven is the country which means that the tax on the income of the people is not equal to tax.
According to the reports, these people hid their black money through many fake firms. Now the leak of these papers comes in the name of Panama Papers. The sensation spread all over the world as soon as it came out. After which after the Pakistan’s Nawaz Sharif, the leaders of many countries had to face their post.