The 13.4 million-file leak called the Paradise Papers are exposing the offshore, tax-avoiding dealings by some of the world’s richest companies and people, from Facebook to the Queen of England. Boosted by alliteration and allusion to last year’s Panama Papers, the BBC explains the paradise name:
The Paradise Papers name was chosen because of the idyllic profiles of many of the offshore jurisdictions whose workings are unveiled, including Bermuda, the HQ of the main company involved, Appleby. It also dovetails nicely with the French term for a tax haven—paradis fiscal.
But why do we call tropical islands like Bermuda paradise?