tax havens
ARTICLE FINDER

'Panama Papers' firm demands prosecution of suspect in Switzerland

Jun 17, 2016 - 10:45 AM

Mossack Fonseca says in its statement it is fully confident that authorities in the various countries would see through the corresponding [legal] processes in a transparent and effective manner

MOSSACK FONSECA. In this file photo, members of the Trade Union of Construction Workers protest in front of the headquarters of the law firm Mossack Fonseca in Panama City, Panama, April 13, 2016. File photo by Alejandro Bolivar/EPA

European Parliament launches Panama Papers probe

Jun 08, 2016 - 11:35 PM

Members of the European Parliament seek to uncover alleged violations by EU member states

epa05351534 A handout picture provided by the European Parliament on 08 June 2016 shows President of Bulgaria Rosen Plevneliev (C) during his formal address to the Plenary at the European Parliament in Strasbourg, France, 08 June 2016. EPA/CHRISTIAN CREUTZ / EUROPEAN PARLIAMENT / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Value of environmental crime at record-high $258B – report

Jun 04, 2016 - 11:02 AM

Environmental crime is the world’s 4th largest criminal enterprise after drug smuggling counterfeiting and human trafficking

ILLEGAL LOGGING. This picture taken in a forest close to Rantoe Panjang Bidari village, East Aceh on April 21, 2016 shows Indonesian policemen conducting an operation to crack down on illegal logging.  File photo by AFP

Mossack Fonseca to start legal action over Panama Papers leak

May 12, 2016 - 1:15 AM

The Panamanian law firm says it will sue the International Consortium of Investigative Journalists

epa05257791 Members of the Trade Union of Construction Workers protest in front of the headquarters of the law firm Mossack Fonseca in Panama City, Panama, 13 April 2016. They are protesting against the Panamanian Public Prosecutor's Office for waiting this long to raid the Mossack Fonseca offices. The Law firm Mossack Fonseca said on 13 April that it is 'ready, willing and eager' to collaborate with the Panamanian Attorney General's Office, which is investigating the dealings detailed in leaked documents from the firm. EPA/Alejandro Bolivar

5 besar kawasan bebas pajak

May 10, 2016 - 5:21 PM

5 besar kawasan bebas pajak favorit di seluruh dunia Semuanya berada di bawah persemakmuran Inggris

5 besar kawasan bebas pajak favorit untuk membuat perusahaan offshore. Data ini terungkap lewat kebocoran dokumen Panama, Selasa, 10 Mei 2016 subuh.

Panama Papers' source to help law enforcers if free from punishment

May 07, 2016 - 8:02 AM

The source who uses pseudonym John Doe says thousands of prosecutions could stem from the Panama Papers but law enforcers don t have access on the leaked documents

Mossack Fonseca in Panama City. Photo by Alejandro Bolivar/EPA

Law firm warns against 'Panama Papers' being released online

May 07, 2016 - 4:40 AM

Mossack Fonseca issues a letter to the US based International Consortium of Investigative Journalists stressing the information was stolen and its release would breach attorney client privilege

View of the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. Eduardo Grimaldo/AFP

Germany's Berenberg Bank in spotlight over Panama Papers

May 04, 2016 - 9:40 PM

The reputable bank comes under public scrutiny after it is named several times in the leaked documents

TO GO WITH AFP STORY by BENOIT TOUSSAINT on MAY 4, 2016 (FILES) This file photo taken on September 2, 2010 shows the headquarters of the private banking company Berenberg Bank in Hamburg, northern Germany. Berenberg Bank, one of the oldest and most venerable institutions in private banking in Germany, is finding its squeaky clean reputation coming under scrutiny in the wake of the Panama Papers global tax evasion scandal. / AFP PHOTO / dpa / Angelika Warmuth / Germany OUT

Multinationals book more income in Bermuda than China – UN

May 04, 2016 - 11:10 AM

How is it possible that in Bermuda you have more profit declared than in China? says an UNCTAD official

epa05280947 A photograph made available on 28 April 2016 showing numerous national flags lining the front lawn of the Palais des Nations, which houses the European headquarters of the United Nations in Geneva, Switzerland, 27 April 2016. EPA/MARTIAL TREZZINI

Panama Papers showed vulnerability of whole system – Panama president

May 04, 2016 - 7:41 AM

President Juan Carlos Varela says the documents reveal a worldwide problem

Panama's President Juan Carlos Varela delivers keynote address at a luncheon during the Washington Conference on the Americas at the State Department on May 3, 2016 in Washington, DC. Mandel Ngan/AFP

Sri Lanka sets up panel to investigate Panama Papers

May 02, 2016 - 12:15 AM

Finance Minister Ravi Karunanayake says they will look into each and every Sri Lankan whose names may come up when the Panama Papers are released

Sri Lanka's Finance Minister Ravi Karunanayake, second vice-chair of the G24, speaks during a press conference during the 2016 International Monetary Fund, World Bank Spring Meetings at IMF headquarters on April 14, 2016. / AFP PHOTO / Mandel Ngan

Panama Papers to go public May 9

Apr 28, 2016 - 12:00 AM

The International Consortium of Investigative Journalists will release a searchable database with info on more than 200 000 secret companies trusts and foundations

epa05248431 The offices of the International Consortium of Investigative Journalists (ICIJ), which coordinated the release of the Panama Papers, is seen in Washington DC, USA, 07 April 2016. On 03 April the ICIJ, a collaboration of reporters from more than 100 media outlets in 78 countries, organized the release of the leaked documents. EPA/JIM LO SCALZO

New raid on Panama Papers law firm – report

Apr 23, 2016 - 12:27 PM

Mossack Fonseca says it is ready to cooperate with investigations under way

RAID. Reporters and police officers gather outside a warehouse belonging to law firm Mossack Fonseca after a raid on the property by authorities, in Panama City, Panama, April 22, 2016. Photo by Alejandro Bolivar/EPA

Panama president denies country is tax haven

Apr 20, 2016 - 12:07 PM

Juan Carlos Varela said that his country will establish a high level commission within 6 months in order to improve transparency of its financial system

Aerial view of the Panama City bay taken on March 23, 2015. Rodrigo Arangua/AFP

IMF chief urges transparency to stop corporate tax avoidance

Apr 18, 2016 - 6:15 PM

Christine Lagarde says developing countries who rely the most on corporate income tax lose out to multinational firms

epa05264648 A handout photograph made available by the International Monetary Fund (IMF) showing International Monetary Fund Managing Director Christine Lagarde participates in the Fiscal Forum 2016 seminar at the IMF/World Bank Spring Meetings at the IMF Headquarters in Washington, DC, USA, 17 April 2016 The Spring meetings of the IMF and the World Bank Group take place in Washington, DC, between 15-17 April 2016. EPA/STEPHEN JAFFE / IMF / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

G20 embraces crackdown on tax havens, warns over 'Brexit'

Apr 16, 2016 - 12:40 AM

UPDATED Making the beneficial owners of companies trusts and foundations transparent is vital to protect the integrity of the international financial system according to G20 finance ministers and central bank governors

G20 EMBRACES TAX HAVEN CRACKDOWN. Mexico's Finance Minister Luis Videgaray Caso (R) arrives for a G20 Finance Ministers and Central Bank Governors Meeting during the annual International Monetary Fund, World Bank Spring Meetings at the IMF on April 15, 2016 in Washington, DC. Photo by Mandel Ngan/AFP

Panama Papers claim new victim as Spain minister quits

Apr 15, 2016 - 6:05 PM

Spanish industry minister Jose Manuel Soria says his resignation is in light of the succession of mistakes relating to my explanations over my business activities

epa05259640 (FILE) A file picture dated 13 April 2016 shows acting Spanish Industry Minister Jose Manuel Soria during a plenary session at the Spanish Parliament's Lower Chamber in Madrid, Spain. Soria, one of the people allegedly appearing in the so-called Panama Papers leak, resigned from his responsabilities as minister and from his seat in parliament of the People's Party Parliamentary group on 15 April 2016. Millions of leaked documents published on 03 April 2016 suggest that 140 politicians and officials from around the globe, including 72 former and current world leaders, have connections with secret 'offshore' companies to escape tax scrutiny in their countries. EPA/JUAN CARLOS HIDALGO

Panama Papers reveal Hong Kong's murky financial underbelly

Apr 14, 2016 - 2:35 PM

The Panama Papers have also exposed the key role played by Hong Kong and Singapore in funneling that wealth into tax havens

This picture taken on June 17, 2015 shows the Hong Kong skyline during sunset. Philippe Lopez / AFP

Panama Papers: 'No evidence' to take action vs Mossack Fonseca – prosecutor

Apr 14, 2016 - 9:59 AM

The raid on Mossack Fonseca s offices in Panama lasted 27 hours

PROBED. A private security guard outside the headquarters of Mossack Fonseca firm, in Panama City, Panama, April 12, 2016. Alejandro Bolivar/EPA

Authorities raid law firm in Panama Papers scandal

Apr 13, 2016 - 9:05 AM

3rd UPDATE Police with an organized crime unit carry out the raid at Mossack Fonseca with no incident or interference prosecutors say in a statement

TARGET. In this file photo, a private security guard stands outside the building where Panama-based Mossack Fonseca law firm is based, in Panama City, on April 5, 2016. Rodrigo Arangua/AFP

EU cracks down on tax havens, targets big companies

Apr 12, 2016 - 5:00 PM

The European Commission the EU s executive arm says big companies operating in Europe would have to make public what they earn in each member of the 28 nation bloc

PANAMA PAPERS. Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, 03 April 2016. 11 million documents from Mossack Fonseca database were leaked allegedly exposing high profile tax evasion and money laundering among the world's elite. EPA/Alejandro Bolivar

Panama Papers: Lessons from a leak

Apr 12, 2016 - 12:55 PM

The Panama Papers gives journalists around the world some lessons on working with large scale investigations

FRONT PAGES. A photo taken on April 7, 2016 in Munich, Germany, at the office of the German daily 'Sueddeutsche Zeitung' shows several issues of the newspaper dated April 4, 2016, featuring the so-called 'Panama Papers' with illustrations by German artist Peter M Hoffmann depicting heads of state. Christof Stache/AFP

Panama squirms as Panama Papers scandal keeps expanding

Apr 12, 2016 - 8:26 AM

President Varela: Panama does not deserve to be singled out on an issue that plagues many countries

Panamanian President Juan Carlos Varela delivers a message to the nation, in Panama City, Panama, April 6, 2016. Alejandro Bolivar/EPA

Panama president: Leak reveals 'global problem' on offshore finance

Apr 08, 2016 - 4:56 PM

President Juan Carlos Varela says the controversy is a problem for many countries whose legal and financial structures are still vulnerable to be used for purposes that do not represent the common good of the citizens

VARELA ON PANAMA PAPERS. Panamanian President Juan Carlos Varela delivers a message to the nation, in Panama City, Panama, 06 April 2016. Photo by Alejandro Bolivar/EPA

Panama to deepen talks with OECD after revelations

Apr 08, 2016 - 11:51 AM

Vice President Isabel De Saint Malo: We are going to establish technical level dialogue between Panama and the OECD specifically on exchanging information

TAX HAVEN? A general view shows boats cruising the Panama Bay, in Panama City, Panama, April 6, 2016. Alejandro Bolivar/EPA

Cameron, Argentina's Macri caught in Panama Papers swirl

Apr 08, 2016 - 10:18 AM

British Prime Minister David Cameron admits benefiting from his father s offshore trust while prosecutors have opened an investigation into Argentine President Mauricio Macri

PANAMA PAPERS. British Prime Minister David Cameron (L) admits benefiting from his father's offshore trust, while prosecutors have opened an investigation into Argentine President Mauricio Macri (R). File photos from EPA

Putin denies Panama Papers' claims of corruption in inner circle

Apr 07, 2016 - 10:17 PM

Putin boasts that the investigation had tried and failed to find any compromising information on his own financial dealings

Russian President Vladimir Putin speaks during his annual news conference in Moscow, Russia, 17 December 2015. EPA/SERGEI CHIRIKOV

Follow the money: how Hong Kong helps outflow of Chinese cash

Apr 07, 2016 - 5:31 PM

Hong Kong plays a role in shipping money out from China due to its proximity and financial freedoms

GLOBAL CONTROVERSY. A general view of the Hong Kong offices of Panama-headquartered law firm Mossack Fonseca, Hong Kong, China, April 4, 2016. Photo by Alex Hofford/EPA

China was largest market for Panama Papers law firm – ICIJ

Apr 07, 2016 - 11:33 AM

UPDATED Report: Shell companies incorporated through the Hong Kong and China offices of the Panamanian law firm Mossack Fonseca accounted for 29 of its global active companies

A company signboard is seen outside the Hong Kong offices of Panama-headquartered law firm Mossack Fonseca, Hong Kong, China, April 4, 2016. Alex Hofford/EPA

Panama urges talks to avert financial crackdown

Apr 07, 2016 - 10:17 AM

UPDATED President Juan Carlos Varela vows firmly to confront whoever comes to put down Panama s image

TAX HAVEN? A general view shows boats cruising the Panama Bay, in Panama City, Panama, April 6, 2016. Alejandro Bolivar/EPA

Iceland names new PM, to hold autumn election

Apr 07, 2016 - 8:45 AM

Agriculture minister Sigurdur Ingi Johannsson replaces Sigmundur David Gunnlaugsson who stepped down April 5

NEW PRIME MINISTER. Icelandic Minister for Fisheries and Agriculture leaves the Prime Minister's Office in Reykjavik, Iceland, April 6, 2016, after a short meeting with Sigmundur David Gunnlaugsson, outgoing Prime Minister of Iceland. Birgir Thor Hardarson/EPA

Panama Papers: Leak sparks backlash against tax evaders

Apr 06, 2016 - 8:22 PM

International attention turns to tax cheats with Panama s role in particular focus

DAYLIGHT. The building where is the office of Panamanian law firm Mossack Fonseca in Panama City, Panama, April 4, 2016. Alejandro Bolivar/EPA

Panama Papers law firm says 'hacked by servers abroad'

Apr 06, 2016 - 1:20 PM

Co founder Ramon Fonseca says the firm Mossack Fonseca has lodged a criminal complaint with Panamanian prosecutors over the breach

HACKED, SAYS CO-FOUNDER. View of a sign outside the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. Rodrigo Arangua/AFP

Head of Transparent Chile resigns over Panama Papers

Apr 06, 2016 - 12:29 AM

Gonzalo Delaveau the president of Transparent Chile submits his resignation after being named as a director or representative of at least 5 companies registered in the Bahamas

Panama Papers scandal: Iceland PM resigns

Apr 06, 2016 - 12:18 AM

UPDATED Prime Minister Sigmundur David Gunnlaugsson is the biggest casualty of a media probe into 11 5 million leaked documents that purportedly reveal the offshore financial activities of 140 political figures

RESIGNATION. Iceland's Prime Minister Sigmundur David Gunnlaugsson leaves the residence of Iceland President Olafur Ragnar Grimsson after a meeting of the two on April 5, 2016 in Reykjavik, Iceland. Photo by Birgir Por Hardarson/EPA

Panama Papers: Britain's Cameron under pressure over family wealth

Apr 05, 2016 - 9:35 PM

The revelations involving Prime Minister David Cameron s late father are embarrassing for the leader who has a strong anti corruption stance

epa05211026 British Prime Minister David Cameron meets with school children at the Harris Academy school in London, Britain, 14 March 2016. This week marks national apprenticeship week. EPA/ANDY RAIN / POOL

Iceland PM threatens to dissolve parliament, call new elections

Apr 05, 2016 - 9:22 PM

Gunnlaugsson is under pressure to resign since leaked financial documents show that he and his wife Anna Sigurlaug Palsdottir own an offshore company in the British Virgin Islands

ICELAND'S PRIME MINISTER. Prime Minister Sigmundur David Gunnlaugsson looks at his phone at the Icelandic Parliament in Reykjavik, Iceland, 04 April 2016. Birgir Por Hardarson/EPA

'Powerful force' behind Panama Papers – China media

Apr 05, 2016 - 4:36 PM

UPDATED A Global Times editorial says Western nations aim to strike a blow to non Western political elites and key organizations

A company signboard is seen outside the Hong Kong offices of Panama-headquartered law firm Mossack Fonseca, Hong Kong, China, April 4, 2016. Alex Hofford/EPA

Filipinos confuse Panama Papers with 2013 exposé

Apr 05, 2016 - 12:52 PM

UPDATED Some people online – including several news groups – confuse a 2013 exposé with the 2016 Panama Papers probe

Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, April 3, 2016. Alejandro Bolivar/EPA

Panama Papers revelations trigger global probes

Apr 05, 2016 - 7:46 AM

UPDATED Several countries launch tax evasion probes after a massive leak of confidential documents lifts the lid on the murky offshore financial dealings of a slew of politicians and celebrities

A company signboard is seen outside the Hong Kong offices of Panama-headquartered law firm Mossack Fonseca, Hong Kong, China, April 4, 2016. Alex Hofford/EPA

Indonesian tycoons listed in Panama Papers

Apr 04, 2016 - 11:04 PM

Among the names were a Jakarta gubernatorial candidate and a fugitive in the Bank Bali corruption case

MASSIVE LEAK. View of the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. AFP PHOTO / EDUARDO GRIMALDO / AFP / EDUARDO GRIMALDO

Kremlin hits out as Panama Papers finger Putin circle

Apr 04, 2016 - 10:52 PM

A year long worldwide media investigation into a trove of 11 5 million documents leaked from a Panama based law firm exposes a tangle of offshore financial dealings by the elite

PUTIN. An archive picture made available on 04 April 2016 and dated 21 November 2009 shows Russian cellist Sergei Roldugin (L), then Russian Prime Minister Vladimir Putin (C) and then Russian President Dmitry Medvedev (R) visiting the St. Petersburg House of Music in St. Petersburg, Russia.

Jackie Chan, Amitabh Bachchan in spotlight after Panama Papers leak

Apr 04, 2016 - 10:17 PM

Martial arts movie star Jackie Chan and Bollywood s Amitabh Bachchan are among celebrities who feature in a massive leak of documents some of which reveal hidden offshore assets

JACKIE CHAN AND AMITABH BACHCHAN. Martial arts movie star Jackie Chan and Bollywood's Amitabh Bachchan are among celebrities who feature in the Panama Papers, a massive leak of documents, some of which reveal hidden offshore assets. This file photo is from the 2008 launch of the audio CD of the film 'Dasaavathaaram' in Chennai, India. Photo from EPA

Officials in Latin America linked to Panama Papers

Apr 04, 2016 - 8:30 PM

Reporters analyzing a trove of leaked tax documents called the Panama Papers find various Latin American figures among the world leaders mentioned in it

Brazilian Deputies Chamber president Eduardo Cunha leads a session of the Brazilian Congress, in Brasilia, Brazil, 03 March 2016. Photo by Fernando Bizerra Jr./EPA

Mossack Fonseca: Secretive law firm at heart of 'Panama Papers'

Apr 04, 2016 - 7:26 PM

The Panama based law firm is a discreet outfit with a roster of big name clients and a quiet reputation for hiding money from the tax man

LEAK CENTRAL. Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, April 3, 2016. Alejandro Bolivar/EPA

Hollande promises French probes into Panama Papers cases

Apr 04, 2016 - 7:15 PM

French President Francois Hollande says the leaked documents are good news because they will ultimately lead to tax revenue

epa05236114 French President Francois Hollande delivers a speech at the end of the weekly cabinet meeting at the Elysee Presidential Palace in Paris, France, 30 March 2016. French President Francois Hollande announced that he was abandoning his plan for constitutional reforms in the wake of the November 13 attacks on Paris, including a measure to strip convicted terorrists of their nationality. EPA/STEPHANE DE SAKUTIN / POOL MAXPPP OUT

Panama Papers: Family of China's President Xi implicated

Apr 04, 2016 - 5:56 PM

UPDATED At least 8 current or former members of the Politburo Standing Committee are implicated in the leaked documents

epa05234560 Chinese President Xi Jinping looks on after signing a bilateral treaty of partnership with Czech President Milos Zeman (not pictured) at Prague Castle in Prague, Czech Republic, 29 March 2016. China's President Xi Jinping arrived the previous day for a two-day state visit to Prague. EPA/FILIP SINGER

Panama Papers: What's been revealed so far

Apr 04, 2016 - 1:04 PM

Here are some of the main allegations made in the April 3 release based on documents from Panama based law firm Mossack Fonseca

View of the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. Eduardo Grimaldo/AFP

Panama Papers revelation a 'crime,' says law firm

Apr 04, 2016 - 10:19 AM

This is a crime a felony Ramon Fonseca one of the founders of the Panamanian firm Mossack Fonseca says

View of a sign outside the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. Rodrigo Arangua/AFP

Panama vows to cooperate in any probe on 'Panama Papers' leak

Apr 04, 2016 - 10:11 AM

The Panamanian government will vigorously cooperate with any request or assistance necessary in the event of any legal action occurring

Aerial view of the Panama City bay taken on March 23, 2015. Rodrigo Arangua/AFP