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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / PANAMA PAPERS: More Than $500 Million Recovered By Tax Authorities Worldwide (287 Views)
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PANAMA PAPERS: More Than $500 Million Recovered By Tax Authorities Worldwide by mrkunlex(m): 2:24pm On Dec 29, 2017 |
At least $500 million has been recouped by tax authorities across the world after the Panama Papers revelations published in 2016, the International Consortium of Investigative Journalists, ICIJ, has said. The ICIJ on Wednesday said that Spain alone collected $122 million after an investigation into the At affairs of tax residents who stockpiled money offshore. But unlike other parts of the world, no such development was recorded in Nigeria where many notable individuals got mentions in the infamous database. The Panama Papers investigation, a series of global investigations into offshore entities, spanning over a year by the ICIJ, German newspaper, Suddeutsche Zeitung, and 100 other media organisations across the world, was awarded The Pulitzer Prize for Explanatory Reporting. The investigation exposed offshore companies linked to more than 140 politicians in more than 50 countries – including 14 current or former world leaders. It also uncovered offshore hideaways tied to mega- banks, corporate bribery scandals, drug kingpins, Syria’s air war on its own citizens and a network of people close to Russian President Vladimir Putin who shuffled as much as $2 billion around the world. PREMIUM TIMES was the only Nigerian news organisation involved in the investigation. In its latest revelation, the ICIJ noted that among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities, adding that the number could keep growing with several countries still conducting audits on the basis of the Panama Papers information. The report said that in Canada, 123 audits are underway and several criminal investigations are ongoing, according to the Canada Revenue Agency. South Korea also reportedly recouped $1.2 billion in taxes in 2017, though it is not clear what percentage is directly connected to the Panama Papers. In July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million euros. Read More Here: https://www.premiumtimesng.com/news/headlines/253906-panama-papers-500-million-recovered-tax-authorities-worldwide-nigeria-excluded.html |
Re: PANAMA PAPERS: More Than $500 Million Recovered By Tax Authorities Worldwide by mrkunlex(m): 2:25pm On Dec 29, 2017 |
Fp; Lalasticlala, Mynd44 |
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