International

Thursday, April 7th 2016 - 06:52 UTC
Panama Papers shows shell companies prevail despite G20 announced efforts

The leak of 11 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners, even if they aren’t illegal by themselves.
Thursday, April 7th 2016 - 06:34 UTC
BOTs reaffirm self-governance and self-determination in reply to MP Corbyn's comments

British Overseas Territories said they hoped that the Labour Party and other parties in the UK Parliament will remain consistent in their support for the self-governance and self-determination of the people of the BOTs and their continued growth and development.
Wednesday, April 6th 2016 - 07:57 UTC
Obama on Panama Papers: “a lot of it is legal, but that's exactly the problem”

United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes “one of the most insidious tax loopholes out there.”
Wednesday, April 6th 2016 - 07:39 UTC
Labor leader Corbyn says UK should consider “direct rule” on overseas territories acting as tax havens

Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.
Wednesday, April 6th 2016 - 07:23 UTC
Panama Papers: Head of Chile's Transparency International has to step down

In another unexpected to come from this Panama Papers scandal, the head of the Chile office of the corruption watchdog group Transparency International has resigned after his name appeared in the data leak.
Wednesday, April 6th 2016 - 07:12 UTC
Baroness Scotland becomes first woman Secretary General of the Commonwealth

Dominica-born Baroness Patricia Scotland began this week her job as Commonwealth Secretary-General, pledging to focus on several issues of concern to the Caribbean, including dealing with violence against women and the effects of climate change.
Tuesday, April 5th 2016 - 17:54 UTC
Gibraltar and Falkland Islands governments joint statement on Spain and Argentina comments

Gibraltar and Falkland Islands flatly deny any “colonial situations” as was referred to by the foreign ministers of Spain and Argentina, and regret profoundly that two large countries with democratic credentials “seek to gang up to bully two very small territories and in the process completely ignore the right of their people to choose what they want to be”.
Tuesday, April 5th 2016 - 06:47 UTC
Argentina and Spain agree to re-launch closer political and trade relations

Argentina and Spain have decided to re-launch bilateral mechanisms that have been “asleep” for too long, promoting political and trade relations, said Argentine foreign minister Susana Malcorra who on Monday met with her visiting Spanish peer, Jose Manuel García/Margallo.
Tuesday, April 5th 2016 - 06:06 UTC
Macri admits he was member of family offshore society, but it was reported to the Argentina tax office

Argentine President Mauricio Macri came on stage on Monday to defend himself as he is one of the world leaders to appear as director of an offshore society in the so called “Panama Papers” leak that triggered a worldwide scandal.
Tuesday, April 5th 2016 - 05:53 UTC
US looking for evidence of corruption and violation of US law in Panama Papers

The United Stated Department is reviewing the leaked documents from a Panamanian law firm that reveal the offshore financial arrangements of global politicians and public figures, a department spokesman said on Monday. The department is determining whether the documents point to evidence of corruption and other violations of US law.