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The government has ordered the Tax Compliance Unit to start an investigation into possible tax evasion by Pierre Sladden and his company Redmap Ltd, as the fallout continues from the Panama Papers. According to the latest revelations in the Panama documents, officials of auditing firm Nexia BT were last year making arrangements with Mossack Fonseka […]

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If you wonder about high taxes in the U.S. and around the world, take a look at some of the lessons of the so-called Panama Papers. The easiest one is that bank- and corporate-secrecy laws make it possible to hide income and wealth—whether earned in criminal enterprises or legitimately—from local tax collectors. As President Barack […]

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Spain’s industry minister resigned Friday after he was named in the Panama Papers and other media revelations that claimed he had links to offshore firms, the latest political victim from the global scandal. Jose Manuel Soria said in a statement that he had tendered his resignation “in light of the succession of mistakes committed along […]

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Saba Like the Halliburton and Siemens scandals, some Nigerians were named in the Panama Papers leak. But some Nigerians already doubt that such persons will be investigated based on past events. GBENRO ADEOYE writes It now seems certain for Nigerians to make any list of persons connected to an international scandal and the leaked Panama […]

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A poster near the Icelandic Parliament building mocks former Prime Minister Sigmundur David Gunnlaugsson following the Panama Papers leak. The Panama Papers have already toppled former Iceland Prime Minister Sigmundur David Gunnlaugsson—and the political high explosives these files contain have the power to blast several more heads of state and their crony power mongers from […]

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Fallout from the Panama Papers has landed in China, throwing doubts on President’s anti-corruption campaign and revealing a continued disregard for environmental regulations.  The Panama Papers have shaken political figures around the world, among them being none other than the governmental elite of China. As governments sought to manage the fallout, Beijing was doing what it does best whenever viral […]

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The Panama paper scandal has taken the world by storm. The investigative journalism reports that have named several global politicians, world leaders, celebrities and businessmen have made a substantial revelation amongst the larger part of the world. The International Consortium of Investigative Journalists has carried out a groundbreaking and path defining investigation in trying to […]

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Spanish Industry Minister Jose Manuel Soria said Friday in a statement that he had tendered his resignation “in light of the succession of mistakes committed along the past few days, relating to my explanations over my business activities … and considering the obvious harm that this situation is doing to the Spanish government.” Soria continues […]

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The French extreme right party has denounced tax evasion in the European Parliament – but several of Jean-Marie Le Pen’s close contacts have been implicated in the Panama Papers. EurActiv France reports. Members of the French National Front (NF) were among the vocal critics of Europe’s failure to tackle tax havens during the European Parliament’s […]

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Fears are spreading among rich Japanese that the Tax Agency will open an investigation based on leaked documents known as the Panama Papers that have exposed hidden wealth in offshore tax havens. The International Consortium of Investigative Journalists (ICIJ) in early May is expected to publish the names of more than 214,000 offshore entities incorporated […]

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Here’s just a sprinkling of contemporary “leaders” accused of siphoning off billions of dollars of their own citizens’ wealth and hoarding it for themselves in secret locations: Hosni Mubarak (Egypt), Pavlo Lazarenko, (Ukraine), Sheik Fahad Mohammed Al-Sabah (Kuwait), Moammar Gadhafi (Libya), Ferdinand Marcos (Philippines), Jean-Claude “Baby Doc” Duvalier (Haiti), Augusto Pinochet (Chile), Sani Abacha (Nigeria), […]

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