The network of offshore companies linked to the man who financed Britain’s campaign to quit the European Union has been revealed in previously unpublished documents from the Panama Papers.
The British Virgin Islands and Gibraltar emerge as key locations in the financial affairs of Arron Banks, who spent £7.5m funding Nigel Farage’s Leave.EU campaign group ahead of the Brexit referendum on 23 June. New details of Banks’s financial dealings are contained in the massive leaked database of the world’s fourth biggest offshore law firm, Mossack Fonseca, which has revealed the myriad ways in which the rich can exploit secretive offshore tax regimes.
Related: As Donald Trump made clear, smart businesses know only idiots pay tax
Related: A free market in tax is a groteseque reality | Nick Cohen
Continue reading...