elDiario.es and Fundación Alternativas hold the debate ‘Tax havens: the great evasion of the 21st century’.

The ‘Pandora Papers’ have once again revealed one of the biggest economic scourges of the 21st century: tax havens. The leak of some 12 million documents on the fortunes of powerful people and politicians around the world, have revealed the networks that are built in the business world to move money fraudulently. According to the investigations carried out by the International Consortium of Investigative Journalists, composed, among others, by La Sexta, El País and elDiarioAR.com, the ‘Pandora Papers’ reveal the creation of more than 27,000 ‘offshore’ companies, between 1971 and 2018, with about 30,000 beneficiaries. In Spain, 751 opaque companies appear.

To analyze this issue in depth elDiario.es and Alternativas Foundation hold the virtual debate ‘Tax havens: the great evasion of the XXI century’ on October 15 at 12:00 pm. A colloquium moderated by Ignacio Escolar, director of elDiario.es, with the participation of Diego López Garrido, executive vice president of the Alternativas Foundation, Susana Ruiz, head of Tax Justice for Oxfam International, Carmen Cámara, professor of Tax Law at the UDIMA and Emilia Delfino, journalist of elDiarioAR.com and member of the International Consortium of Investigative Journalists (ICIJ).

The powerful people with hidden fortunes are more than 330, with figures such as Sebastián Piñera, President of Chile; Dominique Strauss-Kahn, former director of the International Monetary Fund; Abdullah II, King of Jordan; Tony Blair, former British Prime Minister; Andrej Babis, Czech Prime Minister; Corinna Larsen, former mistress of Juan Carlos I; or Mario Vargas Llosa, Nobel Prize in Literature. There are also members of show business and sport, such as Julio Iglesias, Luis Miguel, Shakira, Miguel Bosé, Claudia Schiffer, Carlo Ancelotti and Pep Guardiola.

The emeritus king, Juan Carlos I, is another character linked to tax havens. After years of investigation, the monarch has come to light in murky matters such as the construction of the Ave to Mecca or the sale of Banco Zaragozano, operations for which he allegedly received commissions that he hid in tax shelters. The investigation of the former head of the Spanish state also focuses on money laundering, bribery and influence peddling.

Tax evasion through tax havens negatively affects the collection of public coffers of States and international organizations, as well as the private economy, fostering inequalities between territories and causing a tremendous impact on the Welfare State. It is a framework designed for the wealthiest to hide their fortunes in territories that offer anonymity and low or zero taxation.

We look forward to seeing you on Friday 15 October at 12:00 noon! You can follow the debate live from this news and from our Facebook, Twitter and Youtube channels. During the meeting we will answer questions from the audience, send us your question through this link.

And to whet your appetite, we invite you to review all the information published to date on the ‘Pandora Papers’ in elDiario.es.

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