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Bahamas Leaks & Panama Papers - Latest News

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. 

July 5, 2017 - Foreign trusts whittled down after new rules
"It's no surprise that the 12,000 foreign trusts registered in New Zealand has wilted to around 3000 after IRD's deadline for more information has passed," Wood said.

July 5, 2017 - Germany's Federal Crime Office says it has Panama Papers
"These data are being looked into and evaluated with Hesse state's tax authorities to pursue criminal and fiscal offences," the BKA said in a joint statement with Hesse's finance ministry and the public prosecutor's office in Frankfurt.

July 5, 2017 - Panama Papers: Germany 'pays millions' for leaked data
When Denmark paid a smaller sum to buy data allegedly implicating up to 600 Danish citizens last September, opposition parties attacked the decision as "deeply reprehensible".

June 1, 2017 - Super-rich evade on average nearly third of their due tax
“The probability to hide wealth offshore rises very steeply within the top 1%,” the paper, entitled Tax Evasion and Inequality, said. “By our estimate, the top 0.01% of the [wealth] distribution owns about 50% of [the wealth].”

April 25, 2017 - Panama Papers Law Firm Founder Says Scandal Set Off Tax Shelter Boom in US
“However, jurisdictions such as Delaware, Nevada and others located in the United States, where virtually no due diligence is required… incorporations are thriving!” Mossack said.

April 25, 2017 - Law partners in Odebrecht, Panama Papers scandals get bail
The court ordered their release after bail was paid, but that does not prevent the legal case against them from moving forward.

April 25, 2017 - Panama Papers scandal law firm partners get bail
Panama Papers scandal lawyers Both Juergen Mossack and Ramon Fonseca were freed on bail of half a million dollars each. Last year's Panama Papers scandal was set off by the leak of thousands of documents related to offshore accounts.

April 18, 2017 - Germany sets out plan to tackle tax evasion
Germany’s finance ministry has set out a 10-point plan to combat tax evasion in response to the Panama Papers leak last year.

April 5, 2017 - Global tax system still defective a year after Panama Papers
The revelations prompted over 150 official inquiries, audits or investigations in over 79 countries around the world, while an estimated $135 billion was wiped off the total value of nearly 400 companies after the Panama Papers.

April 3, 2017 - Where Are They Now? A Year Later, Mixed Fortunes For Panama Papers Line-Up
Governments in more than 70 countries have launched over 150 investigations, inquiries, audits and probes into the affairs of thousands of people and corporations linked to Panama Papers. Just last month, Malta’s tax office announced it had recovered more than $10 million as a result of investigations sparked by the Panama Papers and another ICIJ project, Swiss Leaks.

March 13, 2017 - RBC shutters 40 accounts linked to the Panama Papers leaks
RBC bore the brunt of the early public pressure last spring when the Panama Papers revealed the bank had registered at least 429 offshore companies with Mossack Fonseca.

March 6, 2017 - Four law firms disciplined for failing to comply with Panama Papers’ instructions
Deputy tax commissioner Sotiris Markides told the committee that his department had identified 2,400 individuals and companies. It is asking 700 for information on revenues and property they had abroad from 2005 onwards and to submit tax returns.

March 6, 2017 - How Pakistan's Panama Paper's probe unfolded
Plot twists, accusations and 25,000 pages of evidence — a snapshot of the case that will determine Nawaz Sharif's fate.

March 6, 2017 - Mossack Fonseca founders still under arrest as Panama Papers firm quits New Zealand
Mossack Fonseca, the controversial law firm at the heart of the Panama Papers, has quit New Zealand, apparently as a result of dwindling business following the bombshell revelations.

March 2, 2017 - Panama Papers: Miami named in leaked documents
The Panama Papers probe raises questions in Miami, where a property boom has been fuelled by criminals laundering their cash.

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