Tax Evasion

By ELVIS ONDIEKIMore by this Author At first, Stella Adhiambo thought it was a con game. This Birgitt Rambalski who was informing her through Facebook Messenger that she had been selected for an award by a German city did not sound very convincing. Being considered for the Bremen Solidarity Prize? Why her, of all people? […]

by

The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes — The Panama Papers: how the world’s rich and famous hide their money offshore [The […]

by

Panama City, Panama:  Mossack Fonseca, the law firm linked to the Panama Papers scandal, has had to close most of its international offices due to a slump in business, company officials said Wednesday. “We had about 45 offices abroad. Now there are about six left,”  Jürgen Mossack, one of its founders told a briefing while […]

by

The United States champions itself as a nation policing the rest of the world, preventing money laundering, tax evasion and foreign corrupt practices. Yet there is hypocrisy afoot. When news of the Panama Papers scandal broke, my place of residence — the British Virgin Islands (BVI) — came underextreme pressureand scrutiny. It seemed like the […]

by

PRETORIA – It’s emerged the sole director of the company tipped to buy Oakbay’s mining interests for nearly R3 billion was flagged in the Panama Papers, which exposed how the rich exploit offshore tax havens. The Gupta-owned company announced on Wednesday morning it’s selling Tegeta Exploration and Resources to little-known Swiss company Charles King SA. […]

by

<!– On July 28th 2017, the Pakistan Prime Minister, Nawaz Sharif, resigned plunging Pakistan into political turmoil just a year before general elections are due. The Supreme Court disqualified him and ordered him to step down owning to the allegations linked to the Panama Papers. Chronology of the events that led to his resignation: Sharif […]

by

Some 65,000 Puerto Ricans left their bankrupt U.S. island commonwealth last year. A group of private bankers are moving the other way. They’re increasingly opening offshore banks known as International Financial Entities, which were created by a Puerto Rican law in 2012. There are 44 IFEs now, with 18 opening in the past year, according […]

by

The Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan’s fugitive son was last seen. The Yoovidhya family’s efforts to hide assets show how easily major global financial players can routinely and, usually, […]

by

Nawaz Sharif addressing crowds along the route that connects the capital to his party’s eastern stronghold after Pakistan’s top court deposed him last month following a corruption investigation. PHOTO AFP Last year’s Panama Paper leaks not only exposed the truth behind the corrupt and swindling ways of Nawaz Sharif but also the person he really is. It […]

by

(Web Desk) – Indian income tax department started probe into Amitabh Bachchan’s overseas transactions in the light of his name in Panama Papers. The I-T department sent officer to the British Virgin Islands in order to collect his financial information. The authorities received criticism for lack of action against the Bollywood actor after Supreme Court […]

by

The Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan’s fugitive son was last seen. The Yoovidhya family’s efforts to hide assets show how easily major global financial players can routinely — and, […]

by

New Delhi: Income tax department is now more actively pursuing names, including Bollywood superstar Amitabh Bachchan, in connection with the offshore companies mentioned in the Panama Papers, as per Times of India report. The report quoting a senior official further said that the tax department has already dispatched a top-level officer to the British Virgin […]

by

The Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan’s fugitive son was last seen.  The Yoovidhya family’s efforts to hide assets show how easily major global financial players can routinely — and, […]

by

New Delhi: Income tax department is now more actively pursuing names, including Bollywood superstar Amitabh Bachchan, in connection with the offshore companies mentioned in the Panama Papers, as per Times of India report. The report quoting a senior official further said that the tax department has already dispatched a top-level officer to the British Virgin […]

by