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A new report by the European Green Party on tax avoidance confirms the role of the world’s leading economies, including European member states, in playing a big role in tax evasion and money laundering through the use of intermediaries like auditors, accountants, tax… read more at: http://www.maltatoday.com.mt/business/business_news/73718/not_just_panama_problem_banks_big_four_tax_middlemen

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French prosecutors have identified 22 targets in their investigation into the Panama Papers leak that revealed the widespread use of offshore shell companies possibly set up to avoid taxes. Eliane Houlette, France’s financial prosecutor, said in a Paris speech on Monday that months after investigators opened a probe focusing on tax residents some cases may make it […]

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DryShips Inc. (NASDAQ: DRYS) DryShips has been on an interesting ride in the market as of late, and today that ride just got more interesting. When the opening bell rang, the stock was trading slightly in the red. From there, we’ve seen a continuation of declines, pushing it further and further into the abyss. Below, […]

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Minister without Portfolio Konrad Mizzi, the Prime Minister’s chief of staff Keith Schembri, former PN Minister Ninu Zammit, Finance Minister Edward Scicluna, PN Deputy Leader Beppe Fenech Adami and former FIAU CEO Manfred Galdes have all been called to appear before the PANA Committee, sources within the committee have told The Malta Independent. The PANA […]

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The daughter of Pakistan’s Prime Minister Nawaz Sharif was involved in the Panama Papers scandal, a German newspaper said, as it backed up an earlier claim.  German daily Suddeutsche Zeitung on Monday posted documents on Twitter confirming that Maryam Safdar is the beneficial owner of offshore companies named in Panama Papers. For those in #Pakistan who […]

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KASUR – PTI chief Imran Khan has invited Prime Minister Nawaz Sharif to enter parliament for a verbal contest on the issue of Panama leaks. “I invite Nawaz Sharif to come and debate me in parliament. Let’s talk it out there; you say what you have to and I will say what I have to,” […]

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NEW DELHI: India and 29 countries discussed their findings on investigations arising from the Panama Papers, including the role of tax intermediaries such as financial institutions and advisers in tax evasion. The two-day meeting of the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) in Paris saw revenue authorities of 30 countries sharing their […]

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OECD buildings in Paris. Photo: OECD/Victor Tonelli By Will Fitzgibbon PARIS, France (ICIJ) — Tax agencies from 30 countries convened in Paris this week to take part in the largest ever simultaneous exchange of tax information and to share results and details on thousands of investigations sparked by the Panama Papers. The meeting of the […]

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European Parliament Panama Papers Committee member Sven Giegold has questioned why the Maltese government would turn to an independent audit into the financial dealings of Minister without Portfolio Konrad Mizzi when a report penned by the Financial Intelligence Analysis Unit (FIAU) former CEO Manfred Galdes has remained unpublished. “Normally the State should not accept a […]

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Konrad Mizzi’s private audit into his secretive financial set-up does not replace a proper investigation, a member of the European Parliament’s Panama Papers committee has told this newspaper. Speaking after Prime Minister Joseph Muscat had addressed the European Parliament last Wednesday, Sven Giegold said the only audit or investigation that counted was that carried out […]

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Responding to recommendations by the International Development Committee (IDC) in its October 2016 report ‘Tackling corruption overseas’, officials once again asserted on Monday the UK is a “leader in the fight against corruption and promoting transparency.” The government has rejected the IDC’s allegation it had “failed to persuade the UK’s Overseas Territories and Crown Dependencies to […]

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