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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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Katainen’s comments come as European leaders move to calm growing public anger over alleged tax avoidance with the global scandal over tax evasion already claiming one victim, the Icelandic prime minister, his job last week. At the weekend, U.K. Prime Minister David Cameron published a summary of his tax returns in a bid to try […]

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Digital disruption has created an ironic situation for the news media industry. On the one hand, media organisations have been able to reach out to readers in hitherto distant geographies through the acceleration of technology, which has helped in providing depth to data journalism and in mainstreaming journalistic tools such as user-generated content. On the […]

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On the face of it, the Panama Papers don’t look good for Russia. Reporters investigating the huge leak of financial data from a Panamanian legal firm have suggested that up to $2 billion in offshore bank accounts could be linked to a circle of friends closely associated with President Vladimir Putin. For many, this information […]

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The scale of tax avoidance and money laundering revealed in the Panama Paper leaks run into the several hundreds of billions of dollars and contains the details and names of hundreds of powerful and influential people from across the world. The impact of these revelations is already visible: mass protests in Iceland have forced the […]

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Reuters | Apr 10, 2016, 08.14 PM IST BERLIN: German justice minister Heiko Maas appealed in a newspaper interview to media to hand over the Panama Papers that show how offshore firms are used to stash the wealth of the world’s elite. Governments around the globe have started investigating possible financial wrongdoing by the world’s […]

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People demonstrate against Iceland’s Prime Minister Sigmundur David Gunnlaugsson in Reykjavik, Iceland. (Stigtryggur Johannsson/Reuters) Iceland may be a small country, but it makes a lot of international headlines. In 2008 it became a poster child for the dangers of rapid financial growth when its hyper-leveraged banking system imploded. Over the next few years, the country […]

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