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23-Sep-2017 15:14

This is a separate leak, although will raise many of the same questions.

The German newspaper Suddeutsche Zeitung obtained the files and shared them with 95 other media organisations around the world.

It appears while he was in the House of Lords between 20, Lord Ashcroft did not take any payments from his offshore trust.

A week after leaving the House of Lords in March 2015, Lord Ashcroft sold shares worth £11.2m.

There also documents from corporate registries in 19 tax havens.

These are mostly Caribbean and Atlantic islands such as Bermuda, Grenada and the Bahamas, but also include Malta, Lebanon, Labuan (an island territory in Malaysia), Samoa, Vanuatu, the Cook Islands and the Marshall Islands. The Panama Papers involved millions of files leaked from Panamanian law firm Mossack Fonseca, showing how some of their clients laundered money, dodged sanctions and avoided tax.

However, documents seen by the BBC's Panorama, reveal 'his true domicile is Belize'.

The new law, the Constitutional Reform and Governance Act, had not specified that non-dom MPs and peers would have to give it up the status - only that they be 'treated as domiciled in the UK' by the tax authorities.

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The Conservative Party donor was domiciled in Belize for tax purposes when it was widely believed he had given up his non-dom status to pay tax, the explosive papers have shown.In all, 381 journalists in 67 countries have been analysing the material for one year. Documents outlining the tax and financial affairs of hundreds of people and companies connected to Appleby and the 19 tax havens, with many appearing to have invested or sheltered huge amounts of cash in offshore tax havens.



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