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Montevideo, July 21st 2018 - 21:05 UTC

Tag: tax authorities

  • Tuesday, January 2nd 2018 - 11:13 UTC

    Panama Papers enable tax authorities worldwide to recoup US$ 500 million

    Last July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million Euros.

    More than US$500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected US$122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities.