Deutsche Bank AG’s premises, including its headquarters in Frankfurt were being searched by prosecutors on Thursday in a money laundering probe, prosecutors said in a statement. Two bank employees, aged […]
In a report published on Tuesday, Oxfam has assessed the tax collecting credentials of the 92 countries currently being assessed by the EU, as well as all 28 EU member states, which are not part of the EU’s review. Claiming to use the same criteria as the EU, namely the examination of countries’ tax transparency systems and tax rates, the Oxfam report claims that a proper blacklist would have four EU member states – Ireland, Luxembourg, Malta and the Netherlands – on it.
Mossack Fonseca actively marketed Canada as a tax haven and established shell companies here to evade taxes, according to the documents obtained by the International Consortium of Investigative Journalists and shared with the Star and the CBC.
The joint investigation has revealed that Canada’s tax legislation provides favorable conditions for evading taxes, creating anonymous business entities, and cleaning illegally-gained cash.
French authorities said on Thursday they are investigating 560 taxpayers over tax evasion based on information garnered in the leaked Panama Papers. They confirmed a report in Le Monde, one of the papers that broke the Panama Papers story along with the International Consortium of Investigative Journalists in April.
Tax investigators around the world have spent months delving into the 11.5 million confidential documents leaked in April after Panamanian law office Mossack Fonseca’s computers had been hacked.
