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
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .