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Fund run by David Cameron’s father avoided paying tax in Britain
David Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork. Ian Cameron was a director of Blairmore Holdings Inc, an investment fund run from the Bahamas but named after the family’s ancestral home in Aberdeenshire, which managed tens of millions of pounds on behalf of wealthy families.
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Reuters' Panama Papers page
Full coverage of the Panama Papers scandal.
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+28 +1
Americans show up in the Panama Papers, too
The passports of at least 200 Americans show up in this week’s massive leak of secret data on secretive offshore shell companies.
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The Panama Papers Show What Happens When the Wealthy Play By Different Rules
Unless you live under a rock (and perhaps even if you do), by now you have heard a good deal about the Panama Papers, the 2.6-terabyte news leak orchestrated by nearly 400 journalists, currently being hailed as one of the largest document leaks in history. The documents detail the operations and clients of Mossack Fonseca, a Panamanian firm that specializes in creating shell companies for the purpose of shielding money from taxation.
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Obama criticizes companies that leave U.S. for lower taxes
President Obama made a forceful case Tuesday for stopping corporations from moving their headquarters overseas to avoid U.S. taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill. These companies “effectively renounce their citizenship,” Obama said at a White House news briefing. “They declare that they’re based somewhere else, thereby getting all the rewards of being an American company without...
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Tax havens don’t need to be reformed. They should be outlawed.
The Panama Papers are not really about a central American state. They are a glimpse through a Panamanian keyhole of an orgy of tax evasion, money laundering and kleptocracy – amid the legitimate financial planning – hosted by the world’s tax havens. Seven years after world leaders came together at a post-financial crisis G20 summit in London and committed to end tax haven abuse, it is clear from these papers that no such end is in sight.
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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.
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Former HSBC boss tried to avoid tax on £8m Kensington house
The leading Brexit campaigner Michael Geoghegan is not resident in the UK for tax purposes, the Guardian can reveal. According to documents, the former chief executive of HSBC held his £8m Kensington townhouse through an offshore company – and planned to avoid tax by effectively renting the property to himself. The details came to light as part of a Guardian investigation prompted by the Panama Papers leak.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Mossack Fonseca Office Raided By Police - Panama Papers
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.
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Offshore tax haven specialist David Marchant unpacks the headline grabbing #PanamaPapers
There are few better positioned to explain the relevance of the #PanamaPapers scandal than offshore tax haven specialist David Marchant.
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This Delaware Address Is Home to 200,000 Shell Companies—Including Hillary Clinton’s
The address “1209 North Orange Street” in Wilmington, Del., has become known in recent years as the epicenter of U.S. corporate secrecy. The squat, split-level building is the official address of
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Politicians don’t know the price of milk – but they do know how to set up a shell company
The Panama papers show that rich people aren’t even rational: they send their money on holiday to the Caymans, and live in perpetual rain in Britain. By Frankie Boyle.
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