A partner at Mossack Fonseca, the Panamanian law firm at the centre of a huge leak of confidential financial data, says it was the victim of a hack.
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Over half of the companies listed in the document cache are registered in the United Kingdom or UK-administered tax havens, and three British and Channel Island banks (HSBC, Coutts and Rothschild) are in the top 10 who most frequently request the firm to incorporate offshore companies for their clients.
Iceland’s prime minister, Sigmundur Gunnlaugsson, faced calls for his resignation after ICIJ said he and his wife were connected with a secretive company in an offshore haven.
“I have no problem whatsoever in publishing my tax returns, as indeed most other people don’t because my income is what I earn as a Member of Parliament”, Mr Corbyn told the BBC.
Chan has yet to respond. But they can be used to launder money or hide assets from tax authorities in other countries.
President Obama called for global tax reform after the leak of the papers.
The newspaper’s journalist Alexenia Dimitrova was the only Bulgarian reporter given access to the 11.5 million leaked files, obtained previous year from an anonymous source by Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ).
During a visit to a business in central England on Tuesday, Cameron said he did not own any shares or have any offshore funds but did not answer a question on whether he or his family had benefited from offshore investment funds set up by his father.
The Labour leader said: “It’s a private matter in so far as it’s a privately held interest, but it’s not a private matter if tax has not been paid”.
Yesterday it emerged that Rosberg’s F1 deal with team Mercedes was actually via an offshore company named in the news as Ambitious Group Limited, which is based out of the British Virgin Islands.
“The biggest leak in the history of data journalism just went live, and it’s about corruption”.
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“We’re being used in some very unusual areas of the world”, Bunting said, adding that Nuix software is used to investigate child pornography rings, people trafficking and high-end tax evasion. A White House spokesman said that “in spite of the lack of transparency that exists in many of these transactions”, there were US experts who could find out whether they violated sanctions and laws.
