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Pandora Papers reveal the tax havens of the ruling class 
MARK GRUENBERG takes a look at the evidence of how the rich and the corporate class have gamed the system to enrich themselves while impoverishing the rest of us

A TROVE of almost 12 million internal documents, emails, and memos from tax havens where the rich set up secret trusts to hide from taxes — while using their corporate clout to stick tax tabs to the rest of us — highlight US tax havens, notably South Dakota, available to the wealthy and well-connected.

And the multipart Pandora Papers series by the International Consortium of Investigative Journalists (ICIJ) adds that the rich and well-connected include Middle Eastern rulers who align their nations with US policy and interference in the Levant.

One is Jordan’s King Abdullah II, who despite his nation’s poverty, used $106 million in the last decade hidden in 36 trusts to buy 14 luxury homes, including a $33m gated estate in Malibu, California.

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