Tag: Mossack Fonseca Panama

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

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

  

  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.

• Wednesday, May 11th 2016 - 12:29 UTC

  Prominent economists call for global tax transparency arguing poor countries are the biggest losers

  

  New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists. In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency and argues that poor countries are the biggest losers from tax havens.

• Tuesday, April 12th 2016 - 09:00 UTC

  Don’t Blame Panama. Tax Evasion Is a Global Problem.

  

  By Juan Carlos Varela (*) - The following was published by The New York Times in The Opinion Pages. DESPITE their name, the Panama Papers are not mainly about Panama. They are not even primarily concerned with Panamanian companies. The more than 11 million documents, illegally hacked and released last week relating to previously undisclosed “offshore” corporations, is roiling the world with revelations of the vulnerability for rampant abuse of legal financial structures by the wealthy.

• Saturday, April 9th 2016 - 14:59 UTC

  Panama Papers: EU warning; questions why no US or German prominent names have surfaced

  

  A European Union official threatened to sanction Panama and other nations if they don’t cooperate fully to fight money laundering and tax evasion, after a leak of data showed the small country remains a key destination for people who want to hide money.

• 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.

• 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 - 05:47 UTC

  Panama Papers: Brazil with 57 names including companies and politicians from all parties

  

  Politicians from seven parties in Brazil were named as clients of a Panama-based firm at the center of a massive data leak over possible tax evasion, O Estado de S.Paulo said on Monday.