Tax Evasion

The kinds of secret offshore companies that have hidden political corruption and tax evasion around the world are often used by Wall Street’s biggest money makers — the $2 trillion hedge fund industry. The now-famous Panama Papers leak offers rare insight into the workings of this exclusive investment club. Hedge funds accept individual investors with […]

Photo/Getty Images/Listener illustration The release of the so-called Panama Papers has generated a flood of media coverage around the world. Opposition parties here raised a clamour of complaint, little of which addressed the real issues; the Government’s response was a co-ordinated wall of noise, equally bereft of meaning. Little wonder, then, that most people hit […]

Labelled one of the biggest leaks of data in the history of journalism, the Panama Papers offer a rare insight into how some of the world’s wealthiest and most powerful individuals use offshore corporate structures and vehicles to allegedly hide assets and avoid taxes. As the revelations place tax avoidance and transparency in the financial […]

The European Parliament named the 65 members of its “Panama Papers” Committee of Inquiry, into tax evasion and money laundering, on Thursday, after approving its remit on 8 June. The committee’s shorthand label will be “PANA”. The full list of members can be found here. The committee will appoint its chair, and up to four […]

INTRODUCTION It has always been difficult to attribute criminal liability to a corporation for the criminal acts of its representatives because of the high burden of proving that the “directing mind and will” of the corporation – in effect, senior management – was involved. However, with the anti-corruption summit in London, David Cameron announced a […]

Follow @amitha_rajan Amitha Rajan Amitha Rajan is a senior risk analyst at PGI Intelligence. Prior to joining PGI, Rajan worked as journalist and editor in India, Hong Kong and Britain …. Read more WE BRING YOU PERSPECTIVES FROM AROUND THE WORLD. HELP US TO INFORM AND EDUCATE. YOUR DONATION IS TAX-DEDUCTIBLE. <!– Tags FraudPanamaPanama Paperstax […]

PANAMA PAPERS. Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, 03 April 2016. 11 million documents from Mossack Fonseca database were leaked allegedly exposing high profile tax evasion and money laundering among the world’s elite. EPA/Alejandro Bolivar GENEVA, Switzerland – An information technology worker […]

  Law360, New York (May 17, 2016, 11:25 AM ET) — Amy Carpenter-Holmes Kenneth Gazzaway Offshore tax havens and nominee entities such as private investment companies (corporate entities often established offshore that act as account holders in lieu of the individuals who beneficially own the assets) pose significant regulatory and compliance risks to international financial […]

The Panama Papers leak of people and firms using tax havens received much media attention after they were first published in early April, leading shortly after to the resignation of Iceland’s prime minister, plus calls for UK Prime Minister David Cameron to resign and commitments by countries worldwide to take stronger action against illegal — and legal — […]

The European Parliament agreed to set up an inquiry committee into the “Panama Papers” revelations, of detailed information on offshore companies and their ultimate beneficiaries, in a vote on Wednesday. The committee is to investigate alleged contraventions and maladministration in the application by the EU Commission or member states of EU laws on money laundering, […]

June 08, 2016 TP Week Contributor The European Parliament Conference of Presidents agreed on plans to set up a ‘Panama Papers’ inquiry and appoint 65 members to investigate offshore tax avoidance. Investigators are to probe alleged “contraventions and maladministration” in the application of EU law with respect to money laundering, tax avoidance and tax evasion, […]