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The Ministry of Finance issued a press release[1], dated November 6, 2017, wherein it stated that the investigations in the cases of ‘Paradise Papers’ would be monitored through a reconstituted Multi Agency Group (hereinafter referred to as ‘MAG’). Further, Sushil Chandra, the head of the probe panel and CBDT Chairman, on November 14, 2017, said […]

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The newly released “Paradise Papers” investigation reveals how the wealthy, including over 120 top political and world leaders, hide their massive riches offshore. The previously released “Panama Papers” similarly exposed how the world’s biggest corporations avoid paying their own billions in taxes, as well.  By John Friend After a year of research, a group of […]

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The death of Daphne Caruana Galizia, assassinated at the age of 53 with a car bomb, is a profound loss to investigative journalism, democracy, free speech and the honest citizens of Malta. Relieved by it will be those responsible for organised crime, corrupt politicians and shady police officers in the Mediterranean island republic. Caruana Galizia, […]

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In his campaign and administration, Trump surrounded himself with people who were connected to the Panama Papers data. Trump’s son-in-law, Jared Kushner, received financing from the Steinmetz family, who used multiple Mossfon companies and HSBC bank accounts. Kushner also did a $295 million real estate deal with Lev Leviev, an Israeli oligarch known as the […]

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The chancellor has said he will introduce 18 new measures to reduce tax evasion. Philip Hammond said the government had collected £160 billion in additional tax revenue through an ongoing crackdown on evasion. The new measures are projected to raise an additional £4.8 billion by 2022/23. The 18 point plan includes introducing a requirement to notify […]

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Very wealthy people may be hiding even more assets from tax authorities than previously estimated, research suggests. Recent leaks of individual account information, including the release of the Panama Papers and leaked information from the Swiss subsidiary of the bank HSBC are making it possible to get a more accurate picture of who evades taxes, […]

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Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. … read more at: https://www.ft.com/content/4ee07f8e-cf5f-11e7-b781-794ce08b24dc

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Image caption The Isle of Man newspaper encouraged readers “to fight back” after the Paradise Papers The Isle of Man “will continue to flourish” despite an “orchestrated attack from the international media” after the Paradise Papers revelations. Politicians defended the island after a leak of financial documents this… read more at: http://www.bbc.com/news/world-europe-isle-of-man-42055822

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Server: Varnish Retry-After: 0 Content-Length: 0 Location: http://www.businessinsider.com/r-eu-states-resist-move-on-digital-tax-for-tech-giants—drafts-2017-11?r=UKIR=T Accept-Ranges: bytes Date: Wed, 22 Nov 2017 08:12:16 GMT Via: 1.1 varnish Connection: close X-Served-By: cache-bur17538-BUR X-Cache: HIT X-Cache-Hits: 0 X-Timer: S1511338336.404127,VS0,VE0 … read more at: http://uk.businessinsider.com/r-eu-states-resist-move-on-digital-tax-for-tech-giants—drafts-2017-11

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A Russian lawmaker and businessman with a net worth of $6.3 billion, was arrested in Nice, France, on Monday for connection to a tax evasion case, according to Reuters. Why it matters: The investigation “centers on the purchase of several luxury residences on the French Riviera via shell companies,” Reuters reports. Suleiman Kerimov’s family controls […]

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ANKARA Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has challenged President Recep Tayyip Erdoğan to “reveal his wealth,” blasting the ruling Justice and Development Party (AKP) for rejecting a probe into the Paradise Papers revelations. The sons of Prime Minister Binali Yıldırım had appeared in the revelations as the owners of multiple companies […]

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