After 18 months of investigation, hearings and fact-finding missions on the Panama Papers, the European Parliament has now presented 211 strong concrete recommendations to fight international tax avoidance, tax fraud and money laundering. They include many progressive proposals among them the need to draw up a list of EU tax havens in the EU similar […]

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KARACHI: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Thursday that the country has changed forever after the disqualification of a “powerful” prime minister.  He was referring to the July 28 disqualification of then-Prime Minister Nawaz Sharif by the Supreme Court in the Panama Papers case. Addressing lawyers at the Karachi Bar Association during his visit to […]

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The vote in the European Parliament yesterday on an amendment tabled by the European Socialist Group (PES) that would have, among other things, declared Malta to be a tax haven, was not passed by the slimmest of whiskers. 327 MEPs voted in favour, 327 MEPs voted against and 24 MEPs abstained. The amendment was thus […]

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After 18 months of investigation, hearings and fact-finding missions on the Panama Papers, the European Parliament has now presented 211 strong concrete recommendations to fight international tax avoidance, tax fraud and money laundering. They include many progressive proposals among them the need to draw up a list of EU tax havens in the EU similar […]

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By Joe Kirwin European Union lawmakers are calling for more regulations of banks and accounting firms, a permanent public registry for beneficial owners of companies, and expanded whistleblower protections following an 18-month of investigation the Panama Papers leak. The investigative committee also recommended a new permanent inquiry panel that would have expanded investigative powers to […]

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A Eurasianet commentary The Paradise Papers comprise millions of leaked documents relating to offshore activities of the super-rich, including Queen Elizabeth II. A consortium of investigative journalists in early November started publicizing the activities and events documented in the Paradise Papers, many of which revolved around tax evasion and avoidance. Somewhat buried in the mound of data […]

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Nowadays, we often hear the word “money laundering” in the media. The word often appears in news headlines and on the front page of newspapers. From Panama Papers to the recently released data in Paradise Papers, money laundering is mentioned repeatedly. So, it comes down to what money laundering is and what the story behind […]

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The EU has finalised its tax-haven blacklist of tax havens, following months of screening of global tax policies by the European Council’s Code of Conduct Group. The list of 17 jurisdictions is the EU’s latest initiative to crack down on aggressive tax avoidance, made more crucial by the recent Panama and Paradise paper information leak. […]

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Updated at 5.15pm: Adds PL statement Malta narrowly avoided being labelled as a tax haven during a stalemate vote at the European Parliament this afternoon. A total of 327 MEPs voted in favour of an amendment to the Panama Papers inquiry report, proposed by the socialists, while 327 voted against. All Maltese MEPs voted against […]

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The online poll, carried out by Environics, surveyed 1,012 Canadians coast to coast and found the strong condemnation of tax havens was evenly spread across provinces, gender, income and language. … read more at: http://www.metronews.ca/news/canada/2017/12/13/canadians-want-ottawa-to-ban-use-of-tax-havens-poll-finds.html

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According to the Republic’s Attorney General, Tarek Willam Saab, the citizens’ names are: Víctor Cruz Weffer, Adrián Velázquez, Claudia Díaz, and Eudomario Carruyo. Carruyo had a long time working for state oil company Petroleos de Venezuela (Pdvsa), in which he worked as a director for firms Palmaven, Deltaven, Pdvsa Marina and Citgo. Saab said other […]

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The writer is a professor of political science at LUMS, Lahore. His recent book is Imagining Pakistan: Modernism, State and the Politics of Islamic Revival (Lexington Books, 2017) There is ample evidence from our history to show that discontent — social, economic and political — has led to democratic breakdown, opening up opportunity for the […]

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