Secrecy for Sale: Hidden Off-Shore Money
This week, The Center for Public Integrity's global investigative arm,
the International Consortium of Investigative Journalists or ICIJ, has launched the first part of a multi-year project on tax havens, such as those based in the British Virgin Islands.
Secrecy for Sale: Inside The Global Offshore Money Maze
is the most ambitious and complex journalism project we have ever been
involved with. The first part of our project is being done in
collaboration with
The Guardian and the BBC's flagship investigative program,
Panorama. The initial reporting focuses on Britain - one of the centers of the offshore industry.
All week, the front page of
The Guardian
has been dominated by this project, providing the names behind the
existence of a global network of sham company directors, most of them
British.
The UK government claims such abuses were stamped out
long ago, but our worldwide joint investigation has uncovered a booming
offshore industry that can lead to tax avoidance and hidden assets.
Our project has already had an impact - the British government has promised to investigate the abuses we have uncovered.
This
type of cross-border investigative work has been the purpose of ICIJ
since it was founded in 1997 as a project of the Center for Public
Integrity. And this complex investigation is the brain-child of the
Center's Irish ICIJ Director, Gerard Ryle, who came to the Center from a
distinguished journalism career in Australia. Working closely with
Gerard is ICIJ Deputy Director and Argentina native Marina Walker
Guevara, a distinguished international investigative reporter. Three
cheers, Gerard, Marina and ICIJ, and congratulations on this important
work and excellent launch with much more to come.
Until next week,
Bill Buzenberg
Executive Director
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