The British mainstream media is refusing to cover the Paradise Papers because most of the avoiders own the newspapers, James O’Brien has claimed.
Speaking on LBC today 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.
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.
The Telegraph today accused Labour leader Jeremy Corbyn of hypocrisy for calling on the queen to apologise for her estate’s investment in off-shore funds, ignoring the scandal of millions of pounds being hid oversees away from the tax man.
Barclay brothers David and Frederick, who are estimated to be worth over £7 billion, own their own Channel Island 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 Viscount 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.
Listen to James O’Brien’s simple explanation for the lack of coverage of tax avoidance allegations below:
— LBC (@LBC) November 6, 2017