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Pakistan’s Prime Minister Nawaz Sharif is facing calls to resign over documents that show he owns significant holdings overseas in tax-free accounts. Pakistani opposition leader Imran Khan has led the drive for Sharif’s resignation, claiming that he would hold a rally outside Sharif’s home in Lahore unless the Prime Minister quits his post, according to […]

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PHNOM PENH— Civil society groups and anti-corruption experts have urged Cambodia’s government to open an investigation into why Justice Minister Ang Vong Vathana was named in the so-called Panama Papers. The government official is the sole Cambodian to be named in the 11 million or so documents leaked from Panamanian law firm Mossack Fonseca. Media […]

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Wikimedia Commons Panama papers Panama Papers scandal Posted: Monday, April 11, 2016 1:00 am | … read more at: http://www.laloyolan.com/opinion/panama-papers-highlight-corruption/article_8f13f82e-3ea4-5356-aa5d-7c430a428b48.html

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“For these measures to have teeth, the government must force the U.K.’s tax havens to set up the same registers, or we simply move the secrecy offshore.” Chido Dunn, senior campaigner at NGO Global Witness said to CNBC via email. Rachel Davies, head of U.K. advocacy and research at the U.K. arm of the global […]

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PhotoMr. Cameron facing the opposition bench in Parliament.Credit Agence France-Presse — Getty Images Monday afternoon’s debate in Parliament over the Panama Papers scandal was an open discussion of the role of wealth and privilege in Britain. Prime Minister David Cameron is a graduate of Eton College, one of the country’s most prestigious boarding schools, and […]

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The federal government says it expects to recoup $2.6 billion in unpaid income taxes over the next five years with an “aggressive” plan to combat tax evasion. Revenue Minister Diane Lebouthillier explained Monday how the Canada Revenue Agency plans to tackle the problem in light of the massive Panama Papers data leak, which shed light […]

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Swiss authorities confirmed Monday they have seized a Modigliani masterpiece in Geneva in the wake of Panama Papers revelations first reported last week by the CBC’s the fifth estate and global media partners as part of an international investigation into offshore tax havens. “A criminal procedure has been opened as a result of revelations tied […]

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PhotoJeremy Corbyn, Labour party leader, spoke in Parliament following a statement by Prime Minister David Cameron.Credit Agence France-Presse — Getty Images Jeremy Corbyn, the leader of the Labour Party, dismissed Prime Minister David Cameron’s proposal of a task force to examine the Panama Papers scandal. The panel would report to George Osborne, the chancellor of […]

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NEW DELHI: A strict investigation into ‘Panama Papers’ is on to find out if illegal activities have taken place in overseas Indian accounts, while full force of law has been applied to deal with ‘wilful default’ cases like that of Vijay Mallya, the Finance Ministry said today. Government has already constituted a multi-agency group including […]

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nevodka | Shutterstock.com Who shall doubt ‘the secret hid Under Cheops‘ pyramid‘ Was that the contractor did Cheops out of several millions? The message of Rudyard Kipling’s poem is that corruption is always with us and has not changed much down the ages. There is some truth in this, but degrees of corruption greatly matter, as the […]

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aNewDomain — Mossack Fonseca, the multinational law firm at the center of the multi billion dollar Panama Papers money laundering scheme revealed by hackers last week, did a lot more for its clients than just create offshore shell companies for them. The firm also offers, or offered, extensive document storage, retrieval and “money-laundering protection” services to […]

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British Prime Minister David Cameron will say today that new legislation making companies criminally liable if employees aid tax evasion will be introduced this year, as he seeks to repair the damage from a week of questions about his personal finances. Cameron published tax records on Sunday to try and defuse criticism over his handling of […]

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