The US Treasury is re-examining its policies regarding shell companies, which can serve as tax havens for the rich, in the wake of the leak of 11.5m documents from the Panama-based law firm Mossack Fonseca. Experts, however, are worried that instead of limiting the ability to hide wealth, one rule under review could actually enhance it. At the moment, firms like Mossack Fonseca can provide their clients with officers and shareholders for their shell companies..

There are few better positioned to explain the relevance of the #PanamaPapers scandal than offshore tax haven specialist David Marchant.

Last night the local Mossack Fonseca offices were raided by the police. They seized documents, computer equipment and interviews some of their employees however none of them were detained. If you have been up to date with the panama papers scandal you will know that this is the second police raid of the week. The first was when the FIFA HQ was raided earlier this week after his connections (FIFA president) were shown in the Panama papers.

In 1903 the US bullied Colombia into giving up the province that became Panama. The plan was to create a nation to serve the interests of Wall Street

It was only a matter of time before the Panama Papers controversy and the Unaoil bribery scandal overlapped.

In wake of Panama Papers revelations, US Treasury is re-examining its policies on shell companies but experts say rule is too broad to discourage tax avoidance

Described as one of the largest leaks in history, the Panama Papers reveal where some of the wealthiest people in the world hide their fortunes. However, offshore companies are also widely used for anonymity, as the listing of two Megaupload defendants reveals. This could spell trouble for quite a few file-sharing sites and services that hide behind offshore companies.

Thousands of people have descended upon Downing Street today to protest against David Cameron after he admitted his part in the Panama Papers scandal. The Prime Minister's father Ian Cameron was revealed to have owned an offshore account after the details of clients were uncovered in history's biggest leak. The fund was set up in Panama to avoid paying UK corporation and capital gains tax. Today, Cameron has addressed the scandal as those up and down the country call for him to resign.

The biggest scandal in the Panama Papers leak, which revealed that political leaders around the world were hiding money in offshore accounts, isn't about corruption or organized crime. The 11.5 million files stolen from the Panamanian law firm Mossack Fonseca revealed just how unequal the world is. The economist Gabriel Zucman estimated in his 2015 book, The Hidden Wealth of Nations, that worldwide more than $7.5 trillion...

David Cameron was in Washington rubbing shoulders with world leaders, sun-tanned and relaxed after a holiday in Lanzarote, when an email revealing what the Guardian knew about his father’s tax affairs dropped on Conservative HQ. From that moment, the prime minister would have known there was a serious risk of people finding out about the £30,000 of shares he previously owned in Ian Cameron’s offshore investment fund.

After the Panama Papers, the question becomes whether the United States would require that companies that register shell companies keep information about the people who benefit from them. By Kevin G. Hall and Marisa Taylor.

The website for Corporation Makers promises that owning a business can remain “your deep dark secret. Do you wish to own land or other assets without anyone becoming aware of it?” it advertises. By Matt Pearce.

If you want to launder your money through a shell firm with no questions asked, don't go to Panama. Try Delaware instead. By Jason Sharman.

Yesterday Senators Elizabeth Warren and Sherrod Brown sent a letter to U.S. Treasury Secretary Jack Lew, asking him to investigate potential U.S. involvement in the money laundering issues recently exposed by the leak of the Panama papers from the law firm, Mossack Fonseca… By Pam and Russ Martens.

“Whether we like it or not, art is used for tax avoidance and evasion,” said NYU economics professor Nouriel Roubini last year. “Plenty of people are using it for money laundering.” By Felix Salmon.

Prime Minister Justin Trudeau says the international community has to work together to make global finance more transparent to prevent the sort of inequality highlighted by the so-called Panama Papers scandal. Trudeau says otherwise, rich investors will simply “hop” around to favourable jurisdictions where they can avoid paying tax. He says the federal government knew tax avoidance was a problem long before the controversy put offshore havens in the headlines.

U.K. Prime Minister David Cameron had a stake in an offshore fund set up by his late father, Ian, until six years ago, he said, answering for the first time the question of whether he ever benefited from the investment. The premier has been under intense pressure to give details of his interests in the Blairmore Holdings Inc. fund since it was mentioned in reports that emerged Sunday following the leak of millions of documents from a Panamanian law firm detailing...

Argentine President Mauricio Macri has pledged to assert his innocence when he appears before a federal prosecutor on Friday to explain his finances. An investigation began on Thursday after it transpired Mr Macri was mentioned in the Panama Papers, leaked files of law firm Mossack Fonseca. Mr Macri said he would file a judicial "declaration of certainty" so the court can see he is telling the truth. In a televised address, he vowed to prove he had done nothing wrong.

Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had written to major financial firms on Monday, as the details of the accounts handled by the law firm Mossack Fonseca began to emerge, to ask what information banks held about any dealings with it and gave them 10 days to provide any details they may have.

President Vladimir Putin has rejected his links to offshore accounts uncovered in the Panama Papers and called the leaks part of Western efforts to weaken Russia. Speaking in St Petersburg, the President said even though his name did not figure in any of the documents leaked, Western media published the claims of his involvement in offshore businesses. He went on to describe the allegations as part of a US-led disinformation campaign waged against Russia to weaken its government.