Many famous people and a top United States official are among those on a list of people shown to have money in foreign banks to avoid taxes. The financial documents have been called the Paradise Papers. They are mainly from the legal company Appleby in Bermuda. Millions of documents were leaked to Germany’s Sueddeutsche Zeitung newspaper on November 5. The newspaper shared them with the International Consortium of Investigative Journalists. The documents give financial details of many famous people, officials and leaders. The information includes how much money these people have secretly kept in offshore accounts. Appleby advises wealthy people on international financial transactions. These deals can help people avoid paying some taxes in their home countries that are tied to their investments.

What does leak mean?
investigate
become known
stolen data
spread news
What are the documents called?
Tax Shelter Forms
Hide Your Money
Paradise Papers
Offshore Winnings
Deals can help people avoid paying taxes.
more debt
paying taxes
bad habits
jail time