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. |
January 31, 2017 - No More Tax Secrets as Authorities Share Panama Papers’ Data
A meeting of 30 tax administrators to share information on the Panama Papers tax evasion scandal shows taxpayers can no longer expect to keep their tax planning secret, according to a former delegate to the alliance of tax agencies.
January 26, 2017 - Panama Papers show global corruption got worse in 2016
Declines were driven by “massive and pervasive” public-sector corruption, the watchdog said in an e-mailed statement. The Panama Papers data-leak also prompted a wave of anger at wealthy individuals and companies using well-established methods of evasion. “
January 26, 2017 - Panama suspends probe into Panama Papers
Panama is suspending its probe into the Panama Papers, the leak of legal firm Mossack Fonseca’s files on clients who had stored assets in offshore companies, prosecutors said on Tuesday.
Janaury 26, 2017 - How 2 Canadians led nearly 200 companies they claim to know nothing about
A law clerk from Toronto and a paralegal in Montreal commanded a prolific corporate empire of nearly 200 companies over the past 25 years — while knowing nothing about the businesses or the multimillion-dollar deals bearing their names, they say.
Janaury 23, 2017 - Tax agencies draw up ‘target list’ of offshore enablers
The tax agencies in attendance have reportedly audited more than 1,700 taxpayers, have made more than 2,550 requests for information and have identified a “target list” of 100 intermediaries – lawyers, bankers, accountants and others who help wealthy individuals and companies set up and use tax havens – for further investigation.
January 18, 2017 - EU Panama Papers Tax Probe Shifts To Banks, Law Firms
Also expected to be scrutinized is the role of lawyers representing clients who are in contact with nominee directors and who assist the setting-up of offshore constructions. Tax advisors, accountants, tax consultants, and audit firms will also be put under the spotlight.
January 18, 2017 - Panama papers damaged our reputation: Fin Min
Panama's Finance Minister, Dulcidio de la Guardia, talks about what action the government is taking when it comes to improving
Janaury 18, 2017 - Panama Papers show how 'the crooks of this world stash away their money' – Mark Pieth
The 25-page report on the subject produced by Pieth and Stiglitz, entitled “Overcoming the Shadow Economy,” said that, as “economic leaders,” the US and the European Union “have an obligation to force financial centers to comply with global transparency standards.”
January 10, 2017 - US Intel Says 'Russian Hacking' Retaliation for Panama Papers, Doping Scandals
A public version of the comprehensive intelligence report assessing Russian activities and intentions in the 2016 US presidential elections was released on Friday.
January 5, 2017 - Panama looks to talks with France to get off tax haven list
Panama said Tuesday it will hold talks with France in the coming days, after Paris confirmed the Central American country was back on its blacklist of tax havens because of the Panama Papers leak.
January 2, 2017 - Wyoming, Nevada propose tightening rules that have allowed foreigners to hide money
“The Secretary of State has proposed legislation which would revise existing law and authorize the Secretary of State to conduct periodic, special or other examination of the records,” said Gail Anderson, a spokesman, adding that the changes would allow more insight into registered agents. Those are the companies that help individuals and businesses incorporate.
December 20, 2016 - Panama Papers leak has ‘enormous’ financial impact
According to Wagner, the financial hits to the companies in the wake of Panama Papers represent the largest loss in history following big data leaks or corporate scandals, greater than the combined market cap losses produced by the scandals that hit Enron and Volkswagen.
December 2, 2016 - Lawyers in the firing line post-Panama Papers
The Panama Papers have sped up government anti-tax evasion measures, dramatically reducing clients’ offshore options and shifting customer due diligence to the legal profession, heard delegates at the inaugural Latin Lawyer Tax Summit, held earlier this month in Miami.
November 18, 2016 - France probes 560 people over Panama Papers tax fraud
The French taxpayers are suspected of having hidden away money through shell corporations in offshore tax havens such as the Bahamas and British Virgin Islands
November 17, 2016 - Stiglitz urges EU to tackle tax havens after Trump win
”Countries and businesses that refuse to reform must be treated as the carriers of a dangerous disease. They should be cut off from the global markets,” he said.