After four days and repeated statements and clarifications, the UK Prime Minister David Cameron has stated he did indeed hold shares in his father's Panama-based trust, Blairmore. … [Read more...]
Archives for 2016
The mentality behind the #PanamaPapers secrets, explained in 3 seconds
We think this sums it up pretty well, nice work from these guys! We adapted it a little... … [Read more...]
Mossack Fonseca: why so few American clients? (Hold the conspiracy theories)
There has been a lot of buzz about one aspect of the Panama Papers: why have so few U.S. citizens been exposed in these leaks? Panama was set up originally as a country - and as a tax haven -- with the help of U.S. financial interests, and it has been substantially within the U.S. orbit (mainly with … [Read more...]
As #PanamaPapers break, Europe plans to water down company ownership transparency
Press Release: As Panama Papers break, Europe plans to water down company ownership transparency Just as the Panama papers reveal the mayhem that can be caused by secret shell companies, the European Union is set to relax ownership transparency requirements for shell companies in its forthcoming … [Read more...]
Links Apr 7
The Panama Papers’ Sprawling Web of Corruption The New York Times Op Ed: "The papers chronicle a global industry developed to enable an international elite enriched by corrupt or illegal means to conceal its wealth and dealings from taxation, prosecution and public wrath." The Panama Papers … [Read more...]
#PanamaPapers: Panama govt misinterprets our work
From TJN's research director @alexcobham. Read the story in the original format here. [View the story "#PanamaPapers: Tax justice tweetgate" on Storify] … [Read more...]
Panama papers help the world wake up to Tax Haven USA
We're heartened to see that the Tax Haven USA story -- one that we seem to have helped breathe new life into with this blog in January last year, and our subsequent USA report, coming into the mainstream, helped by the Panama Papers. There are many, many stories out there now, including a comment … [Read more...]
Tax haven USA, after #PanamaPapers
"Unless the United States, and other countries, lead by example in closing some of these loopholes and provisions, then in many cases you can trace what's taking place but you can't stop it... There's always going to be illicit movement of funds around the world, but we shouldn't make it easy." So … [Read more...]
The #PanamaPapers: Five things the world can do about it
Well, there are more than five things, but let’s start with these, from easier actions to ones that will prove to be trickier: 1) Invest and collect: governments around the world have been cutting back on their tax authorities. But before the Panama Papers scandal broke Canada announced it was … [Read more...]
Why Infantino’s claims he did nothing wrong are wrong
Cross-posted from our partner website The Offshore Game Infantino’s involvement in a dodgy deal over Champion’s league TV rights are no proof of corruption, but at a minimum they are proof that he is completely unfit to lead FIFA into a new era of transparency and accountability. … [Read more...]
Majority of British public want David Cameron to act on the tax havens, poll shows
From our partners at Global Witness, published this morning A ComRes poll commissioned by Christian Aid and Global Witness and carried out immediately before [1] the Panama Papers exposé broke found overwhelming support among Brits for UK government action on the UK’s tax havens – its ‘Overseas … [Read more...]
Links Apr 5
Panama Papers: Hunting the pinstriped octopus hiding in offshore tax havens International Business Times By TJN director John Christensen Panama is only one head of the tax haven Hydra Financial Times (paywall) By TJN's Nicholas Shaxson, author of Treasure Islands #PanamaPapers - stories … [Read more...]
Links Apr 4
The Panama Papers: world reacts to huge offshore tax files leak - live The Guardian Panama Papers: Leaks spur global investigations BBC World figures deny wrongdoing as 'Panama Papers' turn spotlight on tax evasion Reuters The Panama Papers - Secrets of the Super Rich abc Panama Papers: … [Read more...]
The Panama Papers: the enablers of financial secrecy know what they are doing
Press Release: Tax Justice Network The enablers of financial secrecy know what they are doing … [Read more...]
The Panama papers – in case you missed it
The big offshore story of the moment is a new leak of 11 million documents from the Panama law firm Mossack Fonseca. The leak was originally to the German newspaper Süddeutsche Zeitung, was shared with the International Consortium of Investigative Journalists, and involves over 100 news … [Read more...]
