Tag: “Panama Papers”

Panama president defends transparency amidst leak scandal

PANAMA CITY, Panama (Reuters) – Panama’s President Juan Carlos Varela reaffirmed his country’s commitment to tax transparency after governments across the world began investigating possible financial wrongdoing by the rich and powerful after a leak of four decades of documents from a local law firm that specialized in setting up offshore companies. The “Panama Papers” revealed financial arrangements of politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers […]

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‘Panama Papers’ revelations trigger global probes

  by David Williams PARIS, France (AFP) —  Several countries launched tax evasion probes Monday after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities. The scandal erupted on Sunday when media groups began revealing the results of a year-long investigation into a trove of 11.5 million documents from the Panamanian law firm Mossack Fonseca, which specialises in creating offshore shell companies. […]

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Panama alarmed as leak threatens vital finance sector

  By Juan José Rodríguez PANAMA City, Panama (AFP) —  Alarm spread through Panama on Monday as concerns rose that a massive data leak from one of its legal firms could threaten its vital financial services sector that relies on offshore business. President Juan Carlos Varela vowed that “what we are going to do is defend the image of our country,” while worried representatives from the financial and associated legal sector held an emergency meeting […]

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‘Panama papers’ reported to leak from the files of Panamanian law firm Mossack Fonseca

  (Reuters)  – More than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, were leaked on Sunday (April 3), revealing details of hundreds of thousands of clients. The documents are at the center of an investigation by the International Consortium of Investigative Journalists, the German newspaper Süddeutsche Zeitung and more than 100 other news organizations around the globe. ICIJ is the international arm of the […]

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