EDITORIAL FINANCIAL SECRECY IN PANAMA AND BEYOND

THE UNITED STATES AND EUROPEAN GOVERNMENTS WERE EQUALLY CONCERNED ABOUT BANKS BEING USED BY TAX CHEATS AND CRIMINALS IN A SHADOWY INTERNATIONAL FINANCIAL SYSTEM.

THE UNITED STATES REMAINS ONE OF THE WORLD'S TOP TAX HAVENS.

The United States remains one of the world's top tax havens.
In recent years, Panama has tried to shed its status as a tax haven by, for example, negotiating bilateral tax information sharing agreements -- including one with the United States.
The United States and European governments were equally concerned about banks being used by tax cheats and criminals in a shadowy international financial system.

In 2009, leaders of the Group of 20 nations, distressed by the global financial crisis, pledged to dismantle the tax havens that have allowed the world’s richest people to avoid paying taxes. The United States and European...

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Article ID: 71986 Date: 8th April, 2016 Social Shares: 168
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TAX HAVENS SHIELDING COMPANIES RESPONSIBLE FOR DEFORESTATION AND OVERFISHING


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AS DONALD TRUMP MADE CLEAR, SMART BUSINESSES KNOW ONLY IDIOTS PAY TAX


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NEED TO HIDE SOME INCOME YOU DONT HAVE TO GO TO PANAMA


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7th April, 2016 859

'AMERICANS DO NOT NEED TO GO FAR'


Americans seeking to avoid tax, they said, might prefer other well-known tax havens or US states with relaxed regulations... READ MORE

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GLOBAL TAX AVOIDANCE IS LITERALLY KILLING THE POOR


Britain's refusal to shut its tax havens also makes possible tax avoidance by global corporations and global leaders... READ MORE

4th April, 2016 402

ICELAND PRIME MINISTER OFFERS TO RESIGN AMID PANAMA PAPERS FALLOUT


The Panama Papers stem from a year-long collaboration among Germany's Suddeutsche Zeitung newspaper, the International Consortium of Investigative Journalists and more than 100 media outlets... READ MORE

6th April, 2016 402

FOR U.S. TAX CHEATS, PANAMA PAPERS REVEAL A PERILOUS NEW WORLD


Offshore experts said they doubt that many prominent U.S. citizens and politicians will turn up in the data... READ MORE

9th April, 2016 358

IN TAKING ECONOMIC WAR TO ISLAMIC STATE, U.S. DEVELOPING NEW TOOLS


The intent is to choke off the Islamic State's funding by tracking its remaining ties to the global financial system... READ MORE

24th November, 2015 302

UK PM RELEASES TAX RECORDS AFTER 'PANAMA PAPERS' STORM


The 11.5 million documents leaked from the Panamanian law firm Mossack Fonseca detail the creation of more than 200,000 companies in offshore tax havens... READ MORE

10th April, 2016 267

ARGENTINA'S PRESIDENT MAURIO MACRI FIGHTS BACK AFTER PANAMA PAPERS REVEAL OFFSHORE LINKS


Macri says he has nothing to hide after prosecutor calls for investigation into his links to an offshore company... READ MORE

8th April, 2016 183

RUSSIAN BILLIONAIRE'S BITTER DIVORCE SHOWS HOW WEALTHY SHIELD ASSETS FROM SOON-TO-BE EXES


Details of the Rybolovlev divorce struggle are contained in the leaked internal records of Mossack Fonseca... READ MORE

6th April, 2016 97

DAVID CAMERON TELLS CONSERVATIVE CONFERENCE IT 'HAS NOT BEEN A GREAT WEEK' AFTER PANAMA PAPERS LEAK


The Prime Minister said it had not been a great week as he admitted that he botched the handling of the row over his financial affairs... READ MORE

9th April, 2016 89

AMERICANS INCLUDING A BELLEVUE MAN SHOW UP IN PANAMA PAPERS


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5th April, 2016 73

MOSSACK FONSECA SAYS LEAK CAME FROM HACK


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6th April, 2016 72

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A remarkable warning has been issued by the bank which monitors the global financial system, the Bank for International Settlements BIS, based in Basel, Switzerland... READ MORE

11th October, 2015 70

BRITISH PM CAMERON ADMITS HE HELD STAKE IN FATHER'S OFFSHORE TRUST


Cameron told ITV News that he had owned shares in the Panamanian trust, Blairmore, but had sold them in 2010, before becoming prime minister... READ MORE

8th April, 2016 70

INSIDE THE PANAMANIAN LAW FIRM THAT HELPS THE SUPER RICH HIDE THEIR MONEY


Tax havens such as Panama, Anguilla and Samoa have all passed anti-money laundering laws Mossack Fonseca is obliged to follow them, at least on paper... READ MORE

10th April, 2016 55

PANAMA PAPERS ICELANDS PM TO RESIGN


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6th April, 2016 47

BRITISH PM SAYS HE PROFITED FROM FATHER'S OFFSHORE SHARES


British Prime Minister David Cameron acknowledged on Thursday he once had a stake in his late father's offshore trust, in an interview with ITV News... READ MORE

8th April, 2016 38


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