September 2018

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The disclosure of the Paradise Papers last year resulted in an onslaught of misguided moral righteousness villainising the wealthy for using perfectly legal means of investing in offshore corporations to achieve tax efficiency. In the process, many august journals blurred the lines between entirely legal tax avoidance and illegal tax evasion. The British Overseas Territories […]

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Lahore: Nawaz Sharif, who was released from jail after a court suspended his sentence in a corruption case, will “expose” the Imran Khan government and launch a drive against rigging in the general elections, the ousted Pakistan prime minister’s party said on Thursday. File image of Nawaz Sharif. AP PML-N spokesperson and former information minister Marriyum […]

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Europe’s damaging impact on developing countries via bilateral double tax treaties has been laid bare in a new study released by the European Parliament’s European United Left/Nordic Green Left (GUE/NGL) today. Written by the LSE’s Martin Hearson, ‘The EU’s Tax Treaties with Developing Countries – Leading By Example?’ looks into 172 tax treaties currently in […]

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Der schweizerisch-angolanische Geschäftsmann Jean-Claude Bastos sitzt seit Montag in Angola in Untersuchungshaft. Die Staatsanwaltschaft liess ihn und seinen langjährigen Geschäftspartner und Sohn des ehemaligen angolanischen Staatspräsidenten, José Filomeno dos Santos, festnehmen. Bastos soll unrechtmässig rund eine halbe Milliarde US-Dollar aus Angolas Staatskasse abgezogen haben. Die Staatsanwaltschaft wirft den beiden unter anderem Geldwäscherei, Korruption, Veruntreuung und […]

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• WILL FITZGIBBONA NAMIBIAN lawyer filed a lawsuit against The Namibian newspaper over Panama Papers-related stories that linked him to companies used by an alleged Mafia kingpin and others. Henner Diekmann, who specialises in foreign investments in Namibia, alleges that two stories published in 2016 and 2017 as part of The Namibian‘s
 coverage of the […]

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Image caption Jose Filomeno dos Santos led oil-rich Angola’s sovereign wealth fund during his father’s rule A son of Angola’s ex-President Jose Eduardo dos Santos has been arrested on suspicion of money-laundering, embezzlement of public funds and fraud. Jose Filomeno dos Santos is… read more at: https://www.bbc.com/news/world-africa-45640818

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COPENHAGEN (Reuters) – Denmark has bolstered defenses against shocks to its financial system after a risk-assessment body said the sector’s stability could be threatened by the Danske Bank (DANSKE.CO) money laundering scandal. Danske Bank’s CEO resigned last week after an inquiry revealed that 200 billion euros ($235 billion) of payments had been moved through its […]

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