The Paradise Papers is a set of 13.4 million confidential electronic documents relating to offshore investment that were released into the public domain on 5 November 2017. The Paradise Papers investigation showed how the powerful and ultra-wealthy secretly invest vast amounts of cash in offshore tax havens, but it has been largely swept under the carpet by the mainstream media.
On 7 November 2017, James O'Brien gave a simple explanation for the lack of media coverage of the tax avoidance allegations - "The avoiders own the newspapers." Speaking on LBC, O’Brien launched a scathing attack on Telegraph owners David and Frederick Barclay, Daily Mail owner Jonathan Harmsworth and The Sun and The Times owner Rupert Murdoch for gagging the damning financial data leak.
Barclay brothers Sir David and Sir Frederick, who are estimated to be worth over £7 billion, own their own Channel Island (Brecqhou, off the coast of Sark) and have frequently been accused of tax avoidance.
Harmsworth’s Daily Mail also saved its coverage of one of the biggest financial leaks this century to the tenth page where it also took aim at Corbyn for speaking out about the Queen’s tax affairs.
In 2013, Private Eye reported that Lord Rothermere falsely claims non-dom status, in order to avoid paying tax on his stately home, Ferne House. This move saves him several millions of pounds in tax annually.
The EU tax avoidance laws , due to be implemented in January 2020 will require the super rich who hide money in tax havens to disclose their wealth and pay the taxes which are due.
This gave a very strong motivation for the proprietors of the right wing press to campaign actively for brexit. Newspaper readership was found to be one of the most significant factors influencing the vote in 2016.
Obviously the readers of the right-wing tabloids were hardly likely to vote leave if they had been told that the point was to help the proprietors continue to avoid tax so all sorts of misleading anti-EU propaganda was spread instead.