Most individuals understand the risks of trying to avoid paying taxes. This was demonstrated Monday as a Dallas schoolteacher was sentenced to 18 months in federal prison for trying to hide more than half a million dollars in income. According to the U.S. attorney, the teacher, Linda Nell Fantroy, used a practice known as “structuring” […]

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When members of Fusion’s investigative staff joined an April 6 live chat on Digg about their Panama Papers reporting, they expected some tough questions. But they didn’t expect to meet a former insider whose name they’d come across in the leaked files. Dirty little secrets: Inside the ‘Wikileaks of the ultra-rich and ultra-powerful’ John P. […]

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People protest in front of Parliament building in Reykjavik, Iceland, Tuesday April 5, 2016. The leak of millions of records on offshore accounts claims its first high-profile victim as Iceland’s prime minister resigns amid outrage over revelations he used such a shell company to conceal a conflict of interest. (AP Photo/David Keyton) The European Commission’s […]

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Police have raided Mossack Fonseca, the headquarters of the Panamanian law firm whose leaked “Panama Papers” revealed how the world’s wealthy and powerful used offshore companies to stash assets. Police with an organized crime unit carried out the raid at Mossack Fonseca “with no incident or interference,” prosecutors said in a statement, adding that searches […]

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LONDON Iceland’s Finance Minister Bjarni Benediktsson said on Tuesday he would not resign over the Panama Papers leaks, which showed he once had a stake in an offshore investment firm in the Seychelles. Asked by reporters in London whether he would quit, Benediktsson answered: “No”. The statement came a week after Sigmundur David Gunnlaugsson resigned […]

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Sources said that depending on the number of offshore entities incorporated by the addressee and the complexity of the investments involved, people have been given up to 20 days to respond to the questionnaire. With the Prime Minister seeking the first status report on the probe into The Panama Papers within 15 days, units of […]

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Despite economic turmoil and challenged political credibility of Russia on the world stage, the Panama Papers revelations of corruption will not pose a  significant threat to the stability of Putin’s regime but will worsen Russia-US relations and the country’s image in the West. Last Sunday, the world found itself in a sequel to Stieg Larsson’s […]

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PANAMA CITY – Prosecutors raided the offices of the Mossack Fonseca law firm Tuesday, looking for evidence of money laundering and financing of terrorism following a leak of documents about tax havens it set up for wealthy international clients. Half a dozen police officers set up a perimeter around the offices while prosecutors searched inside […]

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