The Panama Papers leak is being referred to as the biggest leak of financial data ever. Our Firm has started this NEWS PAGE to track the latest news related to the leak. |
April 12, 2016 - Why the Panama Papers might not lead to a tax crackdown
“No longer do institutions control their flows of information. WikiLeaks fired the opening salvo, the Panama Papers are 1,000 times larger, and the next episode will likely be even greater … armed with limited technical resources, individuals can now single-handedly take on institutions and governments.”
April 12, 2016 - The Panama papers are not about tax
The Panama papers are, most importantly, about secrecy,
April 12, 2016 - Using U.S.-Panama TIEA to Investigate Panama Papers
The U.S.-Panama tax information exchange agreement (TIEA), signed in 2010, offers a valuable tool to investigate the Panama Papers scandal. The product of a two-year effort by the U.S. Congress and Obama administration to compel Panama to agree to produce information in tax-dodging cases, the TIEA was negotiated and signed as a precondition to subsequent congressional approval of the U.S.-Panama Trade Promotion Agreement.
April 12, 2016 - Panama Papers Editor Defends Decision to Publish Article on Basis of Public Interest
The documents cover a period over almost 40 years, from 1977 until last December, and purport to show that some companies domiciled in tax havens were being used for suspected money laundering, arms and drug deals and tax evasion.
April 11, 2016 - The Latest: Venezuela to probe citizens in 'Panama Papers'
President Nicolas Maduro is asking the chief prosecutor to look into Venezuelans whose names appear in leaked documents that originated with a Panama-based law firm that helps individuals and businesses set up secretive offshore bank accounts and shell companies.
April 11, 2016 - Panama Papers: The Secret State of Delaware
A loophole in Delaware’s tax code is responsible for the loss of billions of dollars in revenue in other U.S. states, and its lack of incorporation transparency makes it a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes.
April 11, 2016 - Panama Papers reveal owners of valuable Modigliani 'stolen by Nazis'
The estate of Oscar Stettiner, a Jewish art dealer who fled Paris in 1939, claims the painting was looted by the Nazis and is rightfully theirs.
April 11, 2016 - Mossack Fonseca: Law Firm Behind 'Panama Papers'
The ICIJ said the firm earned more than $42 million in 2013.
April 11, 2016 - Panama Papers reveal a perilous new world for U.S. tax cheats
They have uncovered 211 scanned U.S. passports and about 3,500 shareholders in offshore accounts with U.S. addresses.
April 11, 2016 - Swiss banks face scrutiny over Panama Papers
April 11, 2016 - Panama Papers firm used Red Cross’ name to mask funds
The law firm at the center of the Panama offshore accounts scandal routinely usurped the name of the Red Cross and other charities to help obscure the origin of millions of dollars in questionable funds, two newspapers involved in the investigation reported Sunday.
April 11, 2016 - Red Cross threatened by unauthorised Panama Papers link
The unauthorised use of the International Red Cross's name by entities listed in the Panama Papers poses "enormous" risks for its operations and staff, the head of the humanitarian body said in an interview published Sunday.
April 11, 2016 - Panama Papers: Call for Malta PM's head over NZ trust
Several thousand people have filled a square in Malta's capital and demanded the resignation of Prime Minister Joseph Muscat after the leaked Panama Papers said two of his political allies had offshore accounts, one of which is in New Zealand.
April 11, 2016 - Panama Papers Leak Signals a Shift in Mainstream Journalism
Five years later, it is safe to say that we are getting much closer. This is changing the course of world history, fast. It is also changing the rules for mainstream journalists in the fierce business of unearthing secrets, and for the government and corporate officials in the fiercer business of keeping them.
April 11, 2016 - Panama Papers: Officials Raid Mossack Fonseca’s San Salvador Offices
El Salvador’s attorney general’s office announced on Twitter that government agents seized numerous computers and documents during a Friday raid on Mossack Fonseca’s offices in the capital, San Salvador, reported Vice News on Saturday. The firm’s founding partner, Ramon Fonseca, said the company has not yet been approached by any investigators, but the raid indicates that this may well change.