In the offshore scandal, Paradise Papers appears Tillerson and 12 other members of Trump

The Oxford and Cambridge universities, as well as nearly half of all Oxford colleges, have secretly invested tens of millions of pounds in offshore funds, including a joint venture for oil exploration and deep water drilling.

Such data were revealed by journalists as part of an international Paradise Papers investigation.

From the published files it follows that both universities have allocated significant funds to the multibillion private partnerships located on the Cayman Islands.

The money is being diverted to what is called "blocking corporations". Agreements are typically carried out in partnership with a fund located in Delaware, USA.

Thus, universities can avoid or "block" the US tax on investments in hedge funds. They receive dividends without taxes.

Documents labeled "commercial secret and confidential" show that in 2006, Oxford invested £ 2.6 million in Coller International, a private equity firm based in Guernsey. This money was put into two separate funds, which consist of cash from the university and from individual colleges.

Cambridge has invested 1.7 million dollars under the same scheme.

On Sunday, at 8:00 pm in Ukrainian time, at the same time, four hundred journalists in sixty seven countries published their materials on the financial secrets of those in power.

The Investigation.Info team, as an official partner of the OCCRP, joined this international project and found in the documents more than a dozen Ukrainian surnames.

Based on the analysis of documents, journalists came to the conclusion that the creation by President Poroshenko of the offshore structure of Roshen Corporation in 2014 was aimed at minimizing taxes, rather than transferring corporations to a blind trust.

hromadske.ua , Original in Ukrainian / Українською мовою

As a result of the transfer of money to offshore, the European Union loses to 60 billion euro a year each year

This is stated in the calculations of the French economist Gabriel Tsukman, reports Süddeutsche Zeitung.

According to Zuckman, Germany alone loses 17 billion euros each year because the concerns are registered in so-called "tax oases" - the Netherlands, Ireland and Luxembourg.

At the same time, France could annually collect 25% more taxes, Britain - by 20%.

-Recall, the International Consortium of Journalistic Investigations has released an investigation into --Paradise Papers on offshore, having studied about 13.4 million secret documents.

-The Paradise Papers investigation found that wealthy from around the world hid almost EUR 8 trillion
in offshore.

-About £ 10 million of personal funds from Queen Elizabeth II was invested in offshore.
-In the offshore scandal, Paradise Papers appears Tillerson and 12 other members of Trump.

espreso.tv , Original in Ukrainian / Українською мовою

At least 13 people from the closest contingent of US President Donald Trump appear in the investigation of Paradise Papers on offshore global politicians

This is stated on the website of the International Consortium of Journalistic Investigations.

Yes, US Secretary of State Rex Tillerson, Secretary of State Wilbur Ross, Vice-Chairman of the US Federal Reserve Supervisory Board Rendel Kouarles, Donald Trump Advisers Thomas Barrak Jr. and Carl Ichan, President's Chief Economic Advisor Gary Kokhn and CEO of the Blackstone Group investment company Stephen Schwarzman

Also announced are six sponsors of the Trump presidential campaign - the owner of the Casino Sheldon Adelson, Real Estate Merchant Jeffrey Palmer, billionaires Charles and David Kohwi, the main investor of Republican Paul Elliot Singer, billionaire Steve Wynn and general manager of the investment company Renaissance Technologies Robert Merder.

Recall, the International Consortium of Journalistic Investigations has released an investigation into Paradise Papers on offshore, having studied about 13.4 million secret documents.

The Paradise Papers investigation found that wealthy from around the world hid almost EUR 8 trillion in offshore.

About £ 10 million of personal funds from Queen Elizabeth II was invested in offshore.

espreso.tv , Original in Ukrainian / Українською мовою