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Since the release of the Panama Papers, every day has brought on a new development. The sheer scale of the leaks is staggering — nearly 100 times more data than when Wikileaks released nearly 3 million US diplomatic cables. The papers themselves include millions of leaked documents that reveal just how pervasive tax avoidance is […]

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KIDNAPPING 4. Indonesian firm to pay ransom for sailors, bans sailing to PH Weeks after the kidnapping of 10 Indonesian sailors in waters off the southern Philippines, Chief Security Minister Luhut Pandjaitan said the company who owns the ship, Patria Maritime Lines, has agreed to pay $1 million or Rp 14.3 billion worth of ransom […]

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The Justice Department has opened a formal criminal investigation into potentially widespread illegalities exposed by the Panama Papers, the massive leak of financial details about secret offshore accounts, federal law enforcement officials told NBC News Wednesday — and its first priority will be finding wrongdoing by U.S. firms and individuals. The U.S. Attorney in Manhattan, […]

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Image copyright Getty Images The US Justice Department has opened a criminal investigation into tax avoidance schemes exposed by the Panama Papers. The US Attorney for Manhattan, Preet Bharara, made the announcement in a letter to the International Consortium of Investigative Journalists. The ICIJ worked with media outlets including the BBC and the Guardian to […]

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The Panama Papers have been all over the news lately, whether it be another story about a corrupt official or a story about whether or not the public should have gotten the information in the first place.  For those who do not know, the Panama Papers are documents leaked from a Panamanian Law Firm, Mossack […]

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The massive document leak revealed a number of prominent people’s involvement in offshore shell companies.  |  flickr.com   On April 3, 2016, a leak of approximately 11.5 million documents regarding 214,000 shell companies may have revealed a number of the world’s rich and famous’ use of offshore tax havens. The numerous emails, images, databases, PDFs […]

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Damon Wayans said it best on the epic sketch show, In Living Color. Donning grey beard and hair, Damon transformed into comedic legend Redd Foxx. At the time, Redd was still alive and facing some difficult tax problems with the Internal Revenue Service (he’s dead now, sadly, but probably still negotiating with the IRS). With […]

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Photo for representational purpose Malta’s left-of-centre government survived a no confidence vote linked to revelations from the so-called Panama Papers, which named the energy minister and the prime minister’s chief-of-staff. After 13 hours of debate, during which 50 of the parliament’s 69 members had asked to speak, the opposition motion was dismissed by 38 to […]

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