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The Panama Papers form a leaked set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies, including the identities of shareholders and directors. The documents identify (as directors and shareholders of such companies) current government leaders from five countries — Argentina, Iceland, Saudi Arabia, Ukraine and the United Arab Emirates — as well as government officials, close relatives and close associates of various heads of government of more than 40 other countries, including Brazil, China, Peru, France, India, Malaysia, Mexico, Pakistan, Russia, South Africa, Spain, Syria and the United Kingdom. Comprising documents created since the 1970s that amount to 2.6 terabytes of data, the papers were supplied to the Süddeutsche Zeitung in August 2015 by an anonymous source, and subsequently to the U.S.-based International Consortium of Investigative Journalists (ICIJ). The papers were distributed to and analyzed by about 400 journalists at 107 media organizations in more than 80 countries. The first news reports based on the set, along with 149 of the documents themselves, were published on April 3, 2016, and a full list of companies is to be released in early May 2016.

Panama Papers Series

To really tackle corporate tax evasion we need a public register

Sep 12, 2016 02:05 am UTC| Insights & Views Politics

The Australian government shouldnt rely on leaks like that of the Panama Papers to pick up on tax evasion, it should consider stronger action. The federal government showed some leadership earlier this year by...

Panama Papers Series

Why British law doesn't necessarily apply in overseas territories

May 05, 2016 16:59 pm UTC| Law

Until the Panama Papers scandal broke, it would have been easy to think that the widest possible definition of the United Kingdom is England, Wales, Scotland and Northern Ireland. But the territory is much wider than that ...

Panama Papers Series

Panama Papers revelation: we must rethink data security systems

May 04, 2016 12:31 pm UTC| Insights & Views

The surge of information leaks from highly confidential sources in recent years demonstrates the futility of current cyber defenses. The leaks of U.S. diplomatic cables, Office of Personnel Management data, CIA...

Panama Papers Series

Should tax collection be privatised?

Apr 20, 2016 06:08 am UTC| Insights & Views Business Law

The release of the Panama papers is yet to reach its endgame, but there are some clear truths we can take from it. People or businesses who dont pay their taxes whether deliberately or through ignorance undermine state...

Panama Papers Series

Did you cheat on your taxes? Here's why your days may be numbered

Apr 18, 2016 04:28 am UTC| Insights & Views Law

The so-called Panama Papers span thousands of pages, revealing that many of the worlds elite have been hiding their money in offshore accounts in an attempt to shield their income from taxes. Their release the biggest...

Panama Papers Series

Why Europe's new tax initiative is a big deal

Apr 15, 2016 15:16 pm UTC| Insights & Views Law

Public outcry over revelations in the Panama papers about global levels of tax dodging has led to political action. Europes five largest economies the UK, France, Germany, Italy and Spain have agreed to new transparency...

Panama Papers Series

Should all politicians publish their tax returns? Here's what we might find

Apr 14, 2016 08:04 am UTC| Insights & Views Law Politics

Public pressure has forced Britains prime minister, David Cameron, to publish a summary of his taxable income, and a string of UK politicians have followed suit. The moves comes in the wake of the Panama Papers data leak,...

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Economy

U.S. Treasuries surge ahead of October CPI, Fed Chair Powell’s speech

The U.S. Treasuries surged during Wednesdays afternoon session ahead of the countrys consumer price inflation (CPI) for the month of October, scheduled to be released today by 13:30GMT. In addition, Federal Reserve...

UK gilts jump on lower-than-expected rise in October CPI; retail sales in focus

The United Kingdoms gilts jumped during European trading hours Wednesday after the countrys consumer price inflation (CPI) for the month of October, came in lower than market expectations, while investors keep a close eye...

German bunds jump after October CPI remains steady; Q3 GDP in focus

The German bunds jumped during European trading session Wednesday after the countrys consumer price inflation (CPI) for the month of October remained steady, with eyes still on Germanys gross domestic product (GDP) for the...

BoE likely to deliver 25bp cut at next 'big' meeting in January’20, independent of election outcome: Danske Bank

The Bank of England (BoE) is expected to deliver a 25bp cut at its next big meeting in January 2020, taking the Bank Rate to 0.50 percent, according to the latest research report from Danske Bank. This forecast does not...

Australia’s WPI rises by 0.5 pct q/q in Q3, annual growth slows to 2.2 pct

Australias wage price index (WPI) rose by 0.5% q/q in Q3 2019, slowing annual growth to 2.2%. With the Q2 result inflated by a significant, one-off increase in Victorian public sector health wages, the Q3 result is seen to...

Politics

What happens to the East Wing if Donald Trump and Melania Trump get divorced

Even before winning the election, Donald Trumps statements and actions during campaign rallies were enough to cause a string of controversies. It was then not surprising that it continued even after he won the 2016...

Donald Trump reportedly implies Melania Trump would not cry if he got shot

Melania Trump and Donald Trump have been relentlessly hounded by divorce rumors after the latter was elected the President of the United States. They have denied such claims and insisted their marriage is going well, but a...

What a minority government could mean for affordable housing in Canada

Along with climate change, affordable housing was one of the big issues of the recent Canadian federal election, with political parties scrambling to catch up with public opinion. The widespread concern among the...

Will Canada finally get pharmacare?

When I had lymphoma 12 years ago, I needed to take the drug filgrastim (Neupogen) to get my white blood cell count high enough that I could take my next chemotherapy treatment on time. Before prescribing it, my oncologist...

Government to announce more home care packages for aged before Christmas

More federal government money will be announced within weeks for home care for the aged, after a damning royal commission finding that many people die before their packages arrive. Scott Morrison on Friday said he had...

Science

Nearly all your devices run on lithium batteries. Here's a Nobel Prizewinner on his part in their invention – and their future

British-born scientist M. Stanley Whittingham, of Binghamton University, was one of three scientists who won the 2019 Nobel Prize in Chemistry for their work developing lithium-ion batteries. L-R: John Goodenough;...

Advances in anti-ageing research: how chemistry could hold the key to better health

Given the opportunity to live much longer lives, many of us might feel less than thrilled at the prospect. After all, you might think, who would want to live an extra 20 years dealing with arthritis, dementia or heart...

Dark energy: new experiment may solve one of the universe's greatest mysteries

As an astronomer, there is no better feeling than achieving first light with a new instrument or telescope. It is the culmination of years of preparations and construction of new hardware, which for the first time collects...

Predicting research results can mean better science and better advice

We ask experts for advice all the time. A company might ask an economist for advice on how to motivate its employees. A government might ask what the effect of a policy reform will be. To give the advice, experts often...

Asteroid impact that could end humanity is happening, space nation leader claims

Asteroids are the most common space objects that fly by Earth almost daily. Some of them were detected too close to the time of their close approach, but there has never been an impact that took place in modern history....

Technology

‘Warcraft 3: Reforged’ could be delayed to 2020

Warcraft 3: Reforged is one of the most awaited games to launch this year since it was announced at the BlizzCon 2018. Blizzard Entertainment has already revealed almost all important gameplay details in the total remaster...

‘Cyberpunk 2077’ Collector's Edition is a worthy purchase

The wait for Cyberpunk 2077 is almost over as it is now down to just a few more months. As CD Projekt Red previously promised, the developer did not open the games pre-order page until the time it was close to a release...

‘The Sims 5’ would likely launch with configurable stairs

The developers are keeping their silence about the plans for The Sims 5. But, thanks to massive gameplay upgrades on the current game, fans of the franchise are not exactly clueless on what could be included in the next...

‘World of Warcraft: Shadowlands’ introduces a new leveling scheme

World of Warcraft: Shadowlands was one of the biggest announcements at the recently held BlizzCon 2019 last weekend. Like most fans have already anticipated, it is the games eighth expansion. But aside from the new...

Pixelbook Go with 16GB RAM, Core i5 ships November 18

Pixelbook Go will have more configurations to be released later this month, and possibly by next year. Google has finally put a release date on the laptops variant with 16GB RAM capacity. The good news is that orders can...
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