If the data were to be publicly available, a world-wide army of data-boffins would trawl through it. Enormous tax avoidance would be unearthed. It would shed light on on the key perpetrators of multinational tax avoidance such as large law firms and the Big Four global accounting firms: EY, Deloitte, PwC and KPMG. Yet these four players, perhaps the most powerful institutions in the world, remain protected from serious scrutiny.
A simple search of the ICIJ’s public interface shows PwC is connected to just six offshore entities in the database, and KPMG 34, whereas an Edward B Turner – to select just one unknown minnow – is connected to 70 entities.
The latest Panama Paper leak has Donald Trump’s name all over it
Day to Day Politics: The average punter wouldn’t know. Friday 13 May So much happens ‘day to day’ in an election campaign. How much of it gets through to the average punter? How much permeates their minds and leaves such an indelible impression that it affects the way they vote? Take this week, for example.…
Whistleblower says leak of 11.5m Mossack Fonseca files on offshore tax havens has triggered debate but not enough action
The Panama Papers have shown us just how the murky world of capitalism works and why we need to get rid of it, writes former ATO assistant commissioner John Passant.
Russia claimed ‘Putinphobia’ was afoot, but Iceland’s PM was less cool under pressure – and David Cameron is still feeling the heat
It was only a matter of time before the Panama Papers controversy and the Unaoil bribery scandal overlapped.
A vast web of lies and corruption protecting the super-rich is revealed — and it’s only the tip of an evil iceberg
While neither Vladimir Putin nor any members of his family were mentioned in the Panama Papers leak, most Western media chose to break the story with the Russian president’s photo. Former US and UK intelligence officers told RT this is no coincidence.
The Russian president said his friend who was named in the leaks spent the money on expensive musical instruments.
Neither Liberals nor Labor plan to act, despite 800 Australians being on files of Mossack Fonseca and contrary to pledges at Brisbane G20 meeting in 2014
British Prime Minister David Cameron says he held a stake in an offshore fund set up by his father.
The building was closed and workers sent home approximately 45 minutes before flames engulfed the basement.
Disclosures show how havens such as British Virgin Islands hide links between Chinese big business and relatives of top politicians
The problem with the internet is that it’s really easy to be across a spectacular variety of things. This can be a little overwhelming. One of the things I’d been resisting getting across for the past few days was the Panama papers. Now I’ve caught up on my reading, and I’m going to try to very quickly explain, for those of you who haven’t caught up too, why they matter. In brief, this is an absolutely stunningly huge leak of documents from a single law firm, founded in Panama, called Mossack Fonseca.
‘Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade US taxes,’ Bernie Sanders told Congress in 2011.
Gunnlaugsson would be the first casualty of the “Panama Papers” a leaked collection of documents revealing the financial arrangements of politicians and public figures from around the world.
Who is feeling the most heat?