A new investigation published and distributed by the International Consortium of Investigative Journalists (ICIJ) has revealed a network of hidden investments and offshoring used by wealthy politicians, businesspeople and celebrities to minimise tax and cover up compromising financial relationships.

The so-called Paradise Papers, released today, were uncovered by German newspaper Suddeutsche Zeitung and have been shared with papers including The Australian Financial Review, The Guardian, and The New York Times.