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 ...

China was largest market for Panama Papers law firm: ICIJ

Apr 7, 2016

China was largest market for Panama Papers law firm: ICIJ

Nearly a third of the business of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, came from its offices in Hong Kong and China, reports say, making the Asian giant its biggest market. Shell companies incorporated through the Hong ...

Apr 5, 2016

Panama rejects money-launderer label following documents leak

Panamanians have long shrugged off their country’s checkered reputation as a financial haven for drug lords, tax dodgers and corrupt oligarchs. If they are crooks, they’ve learned from the world’s wealthy nations, according to a common joke. That same defensiveness has re-emerged amid the ...

Apr 4, 2016

Russian spokesman denies Putin's involvement in offshore accounts

The spokesman for Vladimir Putin has dismissed suggestions that the Russian president is involved in an offshore account scheme as a smear likely motivated by “Putinophobia.” Documents published by more than 100 media outlets alleged that Putin’s friends, including a leading cellist, were engaged ...

Mar 4, 2016

Facebook to ditch tax-reducing U.K. sales structure

Facebook said it would stop booking sales to U.K. clients via Ireland, a practice which reduced its taxes, following the British government’s introduction of a new tax on profits shifted offshore. In future, Facebook will report its U.K. sales in Britain. “In light of ...