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Foreign-owned companies registered in Nevada increasingly have been ensnared in political scandals abroad, yet the state has made no recent attempt to determine who owns the hundreds of thousands of companies operating from the state, officials confirm. The firms largely are so-called limited liability companies, a common form of incorporation, but hundreds of them in […]

Foreign-owned companies registered in Nevada increasingly have been ensnared in political scandals abroad, yet the state has made no recent attempt to determine who owns the hundreds of thousands of companies operating from the state, officials confirm. The firms largely are so-called limited liability companies, a common form of incorporation, but hundreds of them in […]

The fallout from the world’s biggest data-based journalistic investigation known as the Panama Papers continues to reverberate across the world. Millions of documents have revealed in great detail how political leaders, celebrities and others used offshore bank accounts to hide their wealth and avoid paying taxes. Few may realize that the revelations were made possible […]

Foreign-owned companies registered in Nevada increasingly have been ensnared in political scandals abroad, yet the state has made no recent attempt to determine who owns the hundreds of thousands of companies operating from the state, officials confirm. The firms largely are so-called limited liability companies, a common form of incorporation, but hundreds of them in […]

The EP president and political leaders have requested to establish a committee of inquiry to investigate alleged contraventions and maladministration in the application of Union law with respect to money laundering, tax avoidance and tax evasion by the Commission and public administrative bodies of member states, following the Panama papers leak. The inquiry will investigate […]

Deputy Chief Justice Kalpana Rawal at a past function in 2014. A Nairobi lawyer has threatened to sue her if she does not disclose details over her alleged links to a string of shell companies in tax haven British Virgin Islands. PHOTO: EVANS HABIL/NATION MEDIA GROUP Kalpana Rawal is in the headlines once again thanks […]

The European Parliament in Brussels is poised to approve the creation of a 65-member “inquiry committee” on Thursday to target the tax avoidance industry. Something to hide? Politicians rattled by tax transparency post-Panama The committee will have the mandate to investigate “alleged contraventions and maladministration in the application of Union law in relation to money […]

The Panamanian law firm shut three offices in Jersey, Gibraltar and the Isle of Man, while the future of its U.S. operations is in doubt. … read more at: https://www.thestar.com/news/world/2016/06/01/panama-papers-firm-mossack-fonseca-shutters-offices.html