Apr 20, 2016

China suspends G-20 anti-corruption task force, members say

China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets. ...

Panama Papers reveal Hong Kong's murky financial underbelly

Apr 15, 2016

Panama Papers reveal Hong Kong's murky financial underbelly

Jasmine Li was still a student when she opened her first offshore bank account through Mossack Fonseca Hong Kong, but the shady world she entered that day had been part of the city’s underbelly for decades. The granddaughter of China’s then fourth-ranked politician was ...

OECD chief expects Panama to cooperate on tax cheats

Apr 11, 2016

OECD chief expects Panama to cooperate on tax cheats

The chief of the OECD said Monday that the Panamanian government is expected to cooperate in international efforts to prevent tax avoidance after the revelation of the Panama Papers. OECD Secretary-General Angel Gurria said during a news conference in Tokyo that the vice president ...

Apr 7, 2016

Panama Papers reveal London as center of 'spider's web'

As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London’s role as a vital organ of the world’s tax-haven network. The files leaked from Panama law firm Mossack Fonseca exposed Britain’s ...