Search Results for: Panama Papers
How corporate tax avoidance is hurting America and the rest of the world
April 15th, 2016
Tax-haven abuse by multinationals is exacerbating the global wealth gap and putting an excessive burden on developing countries, according to a damning new report from the nonprofit Oxfam. Coming just a week after the release of what have come ...
France wants a new Blacklist of jurisdictions failing to meet international tax transparency standards
April 14th, 2016
The French Government wants the G-20 to draw up a new blacklist of jurisdictions failing to meet international tax transparency standards. The French Ministry of Finance has proposed that the blacklist would be based on the country evaluations of ...
European Parliament special tax delegation due in Cyprus
April 13th, 2016
A delegation of members of the European Parliament’s Special Committee on Corporate Taxation II – or TAXE 2 – will visit Cyprus on Friday to look into the Cypriot corporate tax practice. MEPs will meet with Foreign Minister Ioannis Kasoulides, ...
Cyprus: 86 people on ‘Lagarde List’ have been sent tax notices
April 12th, 2016
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals sent notices, tax czar Yiannis Tsangaris said on Monday. Speaking on state radio, Tsangaris ...
Leaked Mossack Fonseca document leaves London law firm exposed
April 11th, 2016
A prominent London law firm has been left exposed after leaked Mossack Fonseca documents revealed how it had helped set up a secret offshore company for the daughters of the Azerbaijan president. Child & Child — a long-established private ...
David Cameron had stake in father’s offshore trust
April 8th, 2016
David Cameron has said he and his wife Samantha owned shares in an offshore trust set up by his late father, before selling them for £30,000 in 2010. The PM has faced questions over Blairmore Holdings, an offshore company ...
Law firm data security in spotlight after Mossack Fonseca leak
April 7th, 2016
Experts have warned that law firms need to ‘up their game’ on data security after millions of documents were leaked from Panama offshore firm Mossack Fonseca. With some 11.5 million documents leaked, the ‘Panama Papers’ scandal is reportedly the ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
Italian police open money laundering investigation of broker linked to HSBC
March 23rd, 2016
An Italian financial broker who worked on behalf of HSBC in the Swiss town of Lugano is under investigation for possible money laundering in a probe linked to a wider tax evasion case, an Italian finance police colonel told ...
