For more in-depth takes, also from The Guardian, see "What are the Paradise Papers and what do they tell us?" (subhead: "The leak of 13.4m documents shows the scale of the offshore empire and involves everyone from the Queen to Facebook") and "Paradise Papers leak reveals secrets of the world elite's hidden wealth" (subhead: "Files from offshore law firm show financial dealings of the Queen, big multinationals and members of Donald Trump's cabinet").
In this morning's Ad Age Wake-Up Call, Angela Doland sums up the entanglement of Facebook and Twiter in the Paradise Papers. For more details about the U.S. political scandal emanating from the Paradise Papers, see The New York Times' "Commerce Secretary's Offshore Ties to Putin 'Cronies'." The piece, reported by Mike McIntire, Sasha Chavkin and Martha M. Hamilton, appears on the front page of this morning's print edition of the Times and begins,
After becoming commerce secretary, Wilbur L. Ross Jr. retained investments in a shipping firm he once controlled that has significant business ties to a Russian oligarch subject to American sanctions and President Vladimir V. Putin's son-in-law, according to newly disclosed documents. The shipper, Navigator Holdings, earns millions of dollars a year transporting gas for one of its top clients, a giant Russian energy company called Sibur, whose owners include the oligarch and Mr. Putin's family member.
The Guardian's special landing page for its ongoing Paradise Papers coverage notes that it is part of "a special investigation by the Guardian and 95 media partners worldwide into a leak of 13.4m files from two offshore service providers and 19 tax havens' company registries."
Also very helpful: "Here's a guide to the major revelations in the Paradise Papers," from Quartz.
It's worth noting that on Oct. 20, in the Reddit Panana Papers subreddit (the Panama Papers being the 2015 precursor to the Paradise Papers), a user with a throwaway account (an anonymous Reddit account with no history created solely to comment on one topic) wrote,
I cannot give much information, but I would encourage you all to keep your eyes open. These are more, bigger leaks coming that relate to the extremely wealthy and members at the highest levels of government in developed countries around the world, including the United States.