Tag: tax authorities

• 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.