Tag: Panama Papers

• 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.

• 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.

• 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.