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Elite universities in the United States and the United Kingdom have been investing endowment funds offshore in order to pay little or no tax, according to details revealed in the so-called Paradise Papers. According to the student run Fossil Free Pitt Coalition “We are concerned about the lack of transparency, as two-thirds of the endowment is just a mystery to us. We are suspicious about where that huge segment of the endowment is going.” An emeritus professor in accounting at the University of Essex, told the newspaper that UK universities should be more transparent about their investment decisions, since they are public institutions that receive public money, including from the European Union.

Universities in the United States should close down their Confucius Institutes – teaching and research centres funded directly by the Chinese government – says a report by the National Association of Scholars or NAS. The wide-ranging report includes additional insights on the institutes’ often-secretive operations gleaned from the contracts signed with a dozen US universities, obtained through freedom of information law requests. The report, Outsourced to China: Confucius Institutes and soft power in American higher education, says unless contracts between US universities and the Hanban can be renegotiated to include more transparency, financial and hiring autonomy for US host universities, academic freedom guarantees and other safeguards, the institutes should be shut down.