The leak of financial documents dubbed the “Paradise Papers” has for the first time thrust the small British island of Jersey into the spotlight over its role in allegedly helping US technology giant Apple shape its overseas tax strategy.
The International Consortium of Investigative Journalists, which co-ordinated the release of the papers alongside other media organisations, on Monday claimed that Apple “found new ways to keep tax rates ultra-low” after the technology company had come under heavy criticism for minimising its tax bill via Irish subsidiaries in 2013.
The stories reveal the response to Ireland’s decision to bow to international pressure by tightening its tax rules.
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