-
+8 +2
Need to Hide Some Income? You Don’t Have to Go to Panama
For wealthy Americans looking to veil their assets and shield some of their income from taxation, there is no need to go to Panama or any other offshore tax haven. It’s easy to establish a shell corporation right here at home.
-
+17 +2
Senators ask Treasury to probe U.S. links to 'Panama Papers' firm
Senators Elizabeth Warren and Sherrod Brown on Thursday urged the U.S. Treasury to investigate whether any U.S. or U.S.-linked entity was involved with the law firm at the heart of the "Panama Papers" leak on offshore wealth.
-
+22 +6
American executives' names surface in Panama Papers
The names of hundreds of Americans have surfaced in the Panama Papers, including a handful of U.S. businessmen accused or convicted by U.S. authorities for ties to financial crimes or Ponzi schemes. The identities of the Americans emerged from the treasure trove of documents obtained by the German newspaper Süddeutsche Zeitung, the U.S.-based International Consortium of Investigative Journalists and hundreds of other media organizations.
-
+24 +6
Vladimir Putin releases his first statement about the Panama Papers leak
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.
-
+13 +1
Panama Papers: Obama, Clinton Pushed Trade Deal Amid Warnings It Would Make Money Laundering, Tax Evasion Worse
Obama and Clinton pushed for a Panama trade deal years ago that watchdogs warned would worsen financial secrecy there. By Clark Mindock and David Sirota.
-
+7 +1
The Panama Papers: what’s been revealed so far?
The unprecedented leak of 11.5m files is causing upheaval across the globe. Here is what has been revealed by the Guardian.
-
+20 +5
David Cameron admits he profited from father's Panama offshore trust fund
PM sold stake in Blairmore investment fund, which featured in Panama Papers, for £31,500 four months before entering No 10
-
+20 +2
Why are there so many anonymous corporations in Delaware?
Americans don’t need offshore companies in tiny island nations to hide their money. America has Delaware. By Libby Watson.
-
+5 +2
Banks told to declare links to Panama Papers law firm by next week
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.
-
+15 +2
Panama Papers: Argentina President Macri has 'nothing to hide'
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.
-
+41 +6
Cameron Says He Sold Stake in Father's Offshore Fund in 2010
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...
-
+43 +5
Trudeau calls for global co-operation to crack down on offshore tax evasion in wake of Panama Papers scandal
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.
-
+12 +1
Panama Papers Show How the Very Rich Use Art to Get Richer
“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.
-
+21 +1
Senator Elizabeth Warren Asks Jack Lew, Who Owned an Offshore Account at Citigroup, to Investigate Panama Papers
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.
-
+8 +1
For research, we pretended to be crooks and terrorists and tried to buy shell companies. The results were disturbing
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.
-
+33 +9
For just $309, you too can hide your assets — in the U.S.
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.
-
+22 +1
The crux over shell companies: Who are the true owners?
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.
-
+5 +2
David Cameron's terrible week ends with calls for resignation over Panama Papers
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.
-
+5 +2
A top expert on tax havens explains why the Panama Papers barely scratch the surface
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...
-
+13 +2
Live updates from today's protest calling for David Cameron's resignation
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.
Submit a link
Start a discussion