What Is Pandora Case?

Secrets of offshore companies: a new look at tax haven and human rights abuse

The documents were created between 1996 and 2020. They have information more than 29,000 beneficial owners. Five years ago, there were only a few owners found in the Panama Papers investigation, which was based on a leak from a single law firm.

The offshore company's secrecy can give cover to money flows, enabling bribe-taking, tax evasion, terrorism financing, and human rights abuses, experts say. The international soccer scandal known as "FIFAGate" and the alleged looting of Venezuela's public assets are just some of the revelations contained in the Pandora Papers. Poor nations are disproportionately harmed by the tax havens that hold wealth, which starves them of funds to pay for roads, schools and hospitals.

The investigation shows that international leaders have moved money and assets beyond the reach of tax and law enforcement authorities as their citizens struggle. It shows how offshore firms are used to hide art and antiquities. The team found that many ancient relics are still on display in museums despite being linked to a collector who is suspected of being involved in a large scale antiquities scam.

Hidden Wealth, Tax Avoidance and Money-Laundering

The leak of almost 12 million documents, known as the "pandora papers," reveals hidden wealth, tax avoidance and money-laundering by some of the world's rich and powerful. People can legally avoid paying taxes by moving their money or setting up companies in tax havens, but it is often seen as unethical. The UK government says tax avoidance is not in line with the spirit of the law.

It is not illegal to have offshore assets, but using a network of secret companies to move money and assets is a great way to hide the proceeds of crime. It is not certain, but estimates ranged from $5.6 trillion to $32 trillion. The International Monetary Fund says that the use of tax havens costs governments $600 billion in lost taxes each year.

The Pandora Papers: How Trust Structured Funds Haze Corporate Wealth

The rich, famous and notorious, many of whom were already on the radar of investigative agencies, set up complex multi-layer trust structures for estate planning in countries which are not regulated for tax purposes, but which are still shrouded in secrecy. The corporate veil is pierced by the Pandora Papers, which reveal how trusts are used as a vehicle in conjunction with offshore companies to hold investments and assets for the sole purpose of holding ultra-rich individuals. The trusts can be set up in tax havens such as Panama, and the British Virgin Islands, or in Singapore or New Zealand, which have tax advantages over the US.

Music royalty payouts with Pandora

Most of the music industry pays royalties and that's what happens with Pandora Music. If you choose to use a distributor to distribute your music, you will receive less of your digital royalties. The platform is great for both artists and music fans.

It is a great way to get to your music out there and heard by people who actually want to listen to it, as many users turn to the site to search for new and fresh music. Before you submit your music to a platform like Pandora or a distributor, make sure you pick tracks that represent the type of artist you are. It will take a while to see royalty earnings in your bank account.