Roy Halladay, 40, dies in plane crash in Gulf of Mexico
November 8, 2017 by admin
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Roy Halladay, a two-time Cy Young Award-winning pitcher who retired from baseball nearly four years ago, has died in a plane crash in the Gulf of Mexico off the coast of Florida. He was 40 years old.
Pasco County Sheriff Chris Nocco said during a news conference that Halladay’s Icon A5, a small single-engine aircraft, went down about noon Tuesday near Holiday, Florida.
The sheriff’s office marine unit responded to the downed plane and found Halladay’s body. No survivors were found. They said they couldn’t confirm whether there were additional passengers on the plane or say where it was headed.
Halladay recently received his pilot’s license and tweeted photos last month of himself standing next to a new Icon A5 as part of the plane’s marketing campaign.
Halladay was an eight-time All-Star and went 203-105 with a 3.38 ERA in his 16-year career with the Toronto Blue Jays and Philadelphia Phillies. He threw a perfect game during the 2010 season and a no-hitter that postseason.
“We are numb over the very tragic news about Roy Halladay’s untimely death,” the Phillies said in a statement. “There are no words to describe the sadness that the entire Phillies family is feeling over the loss of one of the most respected human beings to ever play the game. It is with the heaviest of hearts that we pass along our condolences to Brandy, Ryan and Braden.”
The Associated Press contributed to this report.
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Paradise Papers Shine Light on Where the Elite Hide Their Money
November 7, 2017 by admin
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The Times’s Coverage So Far
Behind one of Silicon Valley’s most prominent investors, Yuri Milner, was hundreds of millions of dollars in Kremlin funding. The documents show that Mr. Milner’s investment in Twitter relied on money from VTB, bank controlled by the Russian state. One of his most significant investors in Facebook relied on funding from Gazprom Investholding, another government-controlled institution. Mr. Milner is also an investor in Cadre, a New York-based real estate technology company founded by Jared Kushner, President Trump’s son-in-law and White House adviser.
Apple has come under scrutiny by Congress for shifting much of its earnings to Irish subsidiaries, avoiding income taxes. Documents from the leak show that after its chief executive, Tim Cook, said that the company didn’t just “stash money on a Caribbean island,” it found a new tax haven — an island in the English Channel. The use of complex offshore structures have helped keep much of Apple’s more than $128 billion in profit abroad free from taxation. The technique isn’t unique to Apple. “U.S. multinational firms are the global grandmasters of tax avoidance schemes,” said Edward Kleinbard, a former corporate tax adviser to such companies.
Wilbur Ross, the commerce secretary, invested in a shipping company whose top clients include a Russian firm controlled by an oligarch facing sanctions and President Vladimir V. Putin’s son-in-law. The ethics agreement Mr. Ross filed when taking office said he intended to retain several investment partnerships, but did not specify that they were used to hold his stake in the shipper, Navigator Holdings. The revelations of Mr. Ross’s continued investment led Senator Richard Blumenthal, a Connecticut Democrat, to call for an investigation. Mr. Ross said he had done nothing wrong, but would “probably” sell his Navigator shares.
A bank in Utah is in the business of helping wealthy foreigners register private planes in the United States, which requires American citizenship or residency. The offshore files shed light on how a small financial institution, the Bank of Utah, served as a stand-in for citizenship purposes to allow Russia’s richest man, Leonid Mikhelson, whose energy company is subject to sanctions, register a $65 million Gulfstream jet.
Who Are Appleby’s Clients?
The predominantly elite clients of Appleby contrast with those of Mossack Fonseca — the company whose leaked records became the Panama Papers — which appeared to be less discriminating in the business it took on. The records date back to 1950 and up to 2016.
Appleby has offices in tax havens around the world. In addition to its Bermudan headquarters, it works out of places like the British Virgin Islands and the Cayman Islands in the Caribbean; the Isle of Man, Jersey and Guernsey off Britain; Mauritius and the Seychelles in the Indian Ocean; and Hong Kong and Shanghai.
Americans — companies and people — dominate the list of clients. Past disclosures, such as the 2013 “Offshore Leaks” from two offshore incorporators in Singapore and the British Virgin Islands, the 2015 “Swiss Leaks” from a private Swiss bank owned by the British bank HSBC and another leak in 2016 from the Bahamas were dominated by clients not from the United States.
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The documents come not only from Appleby, but also from the Singaporean company Asiaciti Trust and official business registries in places such as Bermuda, the Cayman Islands, Lebanon and Malta.
Setting up companies offshore is generally legal, and corporations routinely do so to facilitate cross-border transactions such as mergers and acquisitions. Appleby, in a public statement on Oct. 24, after inquiries from I.C.I.J., said that it was “subject to frequent regulatory checks” in “highly regulated jurisdictions.”
“Appleby has thoroughly and vigorously investigated the allegations and we are satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients,” the company said.
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