“We combed the data base and came up with about 350 Canadians for whom we can find passport images”, says Cribb. “Tax havens are where there is nondisclosure of information”, Key said. Two weeks later, the shares in his name were transferred to a trust office on Guernsey. The reports have prompted calls for a no-confidence vote in parliament against him. Boldvai was also party treasurer for the Socialists in 1994-1998.
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He lamented what he called journalistic activism and sensationalism, extolling his own investigative research credentials as a published novelist in Panama. Still, in 2009, a parliamentary commission chaired by another Socialist Party deputy decided not to investigate the allegations.
“So an investigation must take place, independent investigation, unprejudiced, to decide whether or not tax is owed”.
“We do not condone structures for tax avoidance”, he said.
Among those named in the leaked documents was the brother-in-law of President Xi Jinping.
He told The Associated Press in a telephone interview: “We worked with them as a partner but we didn’t actually see the documents”. The new rules tighten requirements for companies to keep accurate information on their real owners and to make that available to authorities.
He said that “if they had done it by hand it would have been impossible”.
A cameraman outside the Arango Orillac Building where the Mossack Fonseca law firm is situated at, in Panama City. The prosecutor has declined to comment on the investigation.
He is one of a handful of convicted or accused of financial crimes and reportedly had offshore companies registered by the Panamanian law firm Mossack Fonseca.
China’s online censors are restricting many search results and discussions on social media involving the terms “Panama Papers” and “Panama”. He has said he has done nothing wrong.
The investigations allege close associates of Putin, who is not himself named in the documents, “secretly shuffled as much as $2 billion through banks and shadow companies”. The paper also examined potential but unproven offshore interests of Le Pen’s father, Jean-Marie Le Pen, via a former employee.
British Prime Minister David Cameron said Tuesday he had no personal offshore funds as he faced growing pressure over the so-called Panama Papers, which raised questions about his family’s financial affairs.
Labour leader Corbyn said Tuesday the investigation should include a look at the finances of Prime Minister David Cameron and his family.
Pressed about his own taxes, Mr Corbyn said: “There is no problem with my tax affairs, they are very, very limited indeed”.
Cameron’s government has recovered £2 billion (2.49 billion euros, $2.83 billion) from offshore tax evaders since 2010 and introduced a range of measures to clamp down on evasion, officials said.
The appearance of offshore accounts in political scandals is far from new. That means that both the club and Kovacevic had avoided paying full taxes in Spain, KRIK says.
The leaks indicate that Ukraine President Petro Proshenko set up an offshore holding company to move his candy business to the British Virgin Islands, possibly depriving Ukraine of millions of dollars tax revenue. A judicial source said Spain had opened a money-laundering probe into the law firm. ICIJ reports that the firm helped establish secret shell companies and offshore accounts for global power players. Actual legislation at the national level has lagged behind the promises, however.
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Maas added: “I can imagine many countries considering this”.
