Revelation about Lord Sassoon in Paradise Papers raises questions about why peers are allowed to keep family trusts secret
The former Treasury minister James Sassoon is a beneficiary of a Bahamas trust fund that has sheltered a family fortune worth hundreds of millions of dollars from tax since 1957.
The Conservative peer, who has used debates in the House of Lords to defend tax avoidance, has emerged as one of many high-profile clients of Appleby, the law firm at the centre of the Paradise Papers.
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