SUMMARY
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The European Parliament launched Wednesday, June 8, a far-reaching probe into potential tax fraud in Europe revealed by the Panama Papers scandal. Over the next 12 months, MEPs will grill officials and executives over any connections to Mossack Fonseca, the Panama law firm that allegedly helped thousands of the world’s richest and most powerful individuals create offshore shell companies that some apparently used to hide their wealth from the taxman. The committee’s 65 MEPs will begin work this summer. They are under a specific mandate to uncover alleged violations by the European Commission or EU member states in applying European law.
Read the full story on Rappler World.
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