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


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

Last July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million Euros.
Rómulo Bethancourt, one of Panama’s organized crime prosecutors, has been investigating Mossack Fonseca’s alleged role in an international corruption probe.

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

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