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Offshore secrets: what is the Guardian investigation based on? Offshore secrets: what is the Guardian investigation based on?
(about 1 month later)
What data is the Guardian's offshore investigation based on?What data is the Guardian's offshore investigation based on?
Our reporting is based on information about the ownership of offshore companies obtained by the International Consortium of Investigative Journalists (ICIJ) which is working on a long-term project in this area. The Guardian verified the information about each company.Our reporting is based on information about the ownership of offshore companies obtained by the International Consortium of Investigative Journalists (ICIJ) which is working on a long-term project in this area. The Guardian verified the information about each company.
Was the information bought?Was the information bought?
No. The Guardian and ICIJ have freely shared their research which is being published simultaneously by the Guardian in London and the ICIJ in Washington DC. A BBC Panorama based on related material will be aired on 26 November.No. The Guardian and ICIJ have freely shared their research which is being published simultaneously by the Guardian in London and the ICIJ in Washington DC. A BBC Panorama based on related material will be aired on 26 November.
How did the ICIJ get the information?How did the ICIJ get the information?
The ICIJ obtained material from various sources, including confidential sources whose identity the Guardian is not aware of.The ICIJ obtained material from various sources, including confidential sources whose identity the Guardian is not aware of.
What is the ICIJ?What is the ICIJ?
It is a US-based non-profit group funded by philanthropic donors and part of the highly respected Center for Public Integrity. The Guardian investigations editor, David Leigh, is a longstanding member of the ICIJ and the Guardian has published a number of previous investigations in concert with them, notably on collusion in cigarette smuggling activities by British American Tobacco.It is a US-based non-profit group funded by philanthropic donors and part of the highly respected Center for Public Integrity. The Guardian investigations editor, David Leigh, is a longstanding member of the ICIJ and the Guardian has published a number of previous investigations in concert with them, notably on collusion in cigarette smuggling activities by British American Tobacco.
Does the Guardian use offshore tax vehicles?Does the Guardian use offshore tax vehicles?
Guardian Media Group, the group that owns the Guardian, has used offshore structures to acquire other companies. Unlike the arrangements covered in this series, however, GMG's offshore holdings involve no element of secrecy. GMG has an open and transparent relationship with HMRC and is classified as a "low risk" taxpayer by HMRC. You can find more about GMG's tax position here and here.Guardian Media Group, the group that owns the Guardian, has used offshore structures to acquire other companies. Unlike the arrangements covered in this series, however, GMG's offshore holdings involve no element of secrecy. GMG has an open and transparent relationship with HMRC and is classified as a "low risk" taxpayer by HMRC. You can find more about GMG's tax position here and here.
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