United Kingdom: Offshore secrets of Brexit backer Arron Banks revealed in Panama Papers

Author(s): Luke Harding | Date: October 16, 2016 | Language: English
Source: https://www.theguardian.com/ | URL: https://goo.gl/BZ4sqB | Type: Text

Financier who spent £7.5m funding Nigel Farage’s Leave.EU campaign linked to tax haven companies in British Virgin Islands and Gibraltar.
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companies linked to the man who financed Britain’s campaign to quit the European Union has been revealed in previously unpublished documents from the Panama Papers.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.

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