For Immediate Release
Jubilee USA Statement on Paradise Papers
WASHINGTON - The International Consortium of Investigative Journalists (ICIJ) released it's 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."