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Why the Panama Papers' birthday is no cause for celebration

Tove Ryding

03 Apr 2017 15:08:29

Happy birthday Panama Papers! Today [April 3] marks one year since billions of dollars stashed away in secret bank accounts suddenly saw the light of day when the International Consortium of Investigative Journalists published findings from over 11 million leaked documents. Overnight, politicians, corporate leaders and celebrities found their dirty laundry exposed on front pages around the world. Despite the name, Panama Papers was not just about Panama. The tax services offered by law firm Mossack Fonseca had been used by wealthy clients all around the world, and the scandal had links to over 20 different tax havens. Panama Papers was not the first scandal either – in recent years we’ve seen numerous examples of large multinational corporations and wealthy individuals dodging taxes. ...
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press
Sharp rise in secret ‘sweetheart' tax deals with multinational corporations exposed in new report

New report analyses developments across Europe and finds: Since the LuxLeaks scandal, the amount of secret ‘sweetheart deals’ between multinational corporations and European governments has increased by almost 50% Mapping of government positions show political support for transparency has grown, but challenges remainEuropean governments continue to sign controversial tax treaties that undermine taxation in developing countriesAmong the 18 countries analysed in the report, not a single government ...

press
Despite Panama Papers, EU Member States reject transparency

20 December 2016 In response to the Panama Papers, the European Commission has suggested a crackdown on shell companies by creating transparency around the true owners of companies. But today, EU Member States agreed on a negotiating mandate where they reject this idea, and instead opt to keep the status quo. Currently, the EU only requires Member States to grant citizens access to information about company ownership if they can demonstrate a ‘legitimate interest’ in the information. Tove Maria ...

blog
Panama Papers amnesia causing headaches in EU: Member states reluctant to end secretive ownership

Jasper De Meyer

19 Dec 2016 17:50:07

This blog piece was jointly written with the Financial Transparency Coalition It was just nine months ago that countless business leaders, politicians and celebrities found themselves answering awkward questions about why their names appeared in leaked documents from Mossack Fonseca, a company known for setting up offshore business structures.  The leaks, which became known as the Panama Papers, gave a firsthand look at the murky world of offshore corporate structures, and the companies that help set them up. The investigation would be the catalyst for countless government probes, and even helped topple a government.  Perhaps most central and alarming about the revelations was the ease with which someone could open a company or trust and do so anonymously. ...
On Monday 12 December, more than 100 campaigners from over 20 countries across Europe were in Luxembourg to show support for the LuxLeaks whistleblowers Antoine Deltour and Raphaël Halet, as well as journalist, Edouard Perrin, at the start of their retrial. ...

press
Campaigners from 20 countries will travel to Luxembourg to support LuxLeaks 'heroes'

***Press Conference Monday 12 December*** 12.30pm - 1pm (in English); 1pm - 1.30pm (in French) Venue: Novotel Luxembourg Centre, 35 Rue du Laboratoire, 1911 Luxembourg. More than one hundred campaigners from 20 countries across Europe will be in Luxembourg to call for the protection of whistleblowers when the men who exposed the LuxLeaks scandal appear in court again next week. On 12 December, former PWC employees Antoine Deltour and Raphaël Halet, and journalist Edouard Perrin, will return ...