Menu

Search

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,...

1 2 3 4 

Economy

South Korea gave Japan until the end of May to withdraw export controls, but the latter kept mum.

South Korea will reopen its complaint at the World Trade Organization over Japans tightened export controls, as the latter has not shown willingness to settle the trade dispute. South Korea gave Japan until the end of...

The company's stores in Motesando, Ginza, and Shibuya are all reopening with the biggest and latest outlets in Marunouchi.

Apple Inc.s 10 stores in Japan will be open by Wednesday, a week after the company had resumed sales at two of them. The companys stores in Motesando, Ginza, and Shibuya are all reopening with the biggest and latest...

A South Korean trade ministry official said they have been opening dialogue channels

Japan did not retract export restrictions on three critical industrial materials imposed on South Korea in a row over wartime forced labor as the end of the latters May deadline lapsed. Consequently, South Korea may...

The drop in GDP rankings came as South Korea posted a nominal economic growth rate of 1.4 percent in 2019

South Korea produced a nominal gross domestic product (GDP) valued at US$1.64 trillion in 2019 to rank 10th globally, down two spots from 2018. The data was based on the Organization for Economic Cooperations (OECD)...

Mexican workers in US are sending record money home despite coronavirus-related economic shutdowns

One might think Mexican immigrants in the U.S. would be sending less money home to their families as a result of the coronavirus. The 11.2 million people of Mexican origin living in the United States together send...

Politics

Joe Biden wins all Democratic primaries this week

Although former vice president Joe Biden has yet to be named the Democratic nominee, he continues to win presidential primaries anyway. The results of this weeks primaries unanimously went into Bidens favor, making him...

Lawsuit claims Donald Trump's Executive Order on social media violates First Amendment

President Donald Trump is known for attacking his political enemies on Twitter, and later on, signed an executive order on social media sites. Now, a new lawsuit has come up against the order, claiming that it violates the...

Barack Obama calls for Mayors to push for police reforms

The killing of George Floyd by police officers in Minneapolis, Minnesota became the catalyst for the widespread civil unrest going on in the United States. With more calls being made for lawmakers and politicians to fight...

Julian Castro joins Joe Biden campaign to assist in addressing police reform

Former vice president Joe Biden continues to take a very different approach in handling the civil unrest happening lately. With his pledge to make reforms in the local law enforcement scale, Biden recruits former...

Science

Expert claims there is archaeological proof of Nazareth and what life was like in Jesus's time

Archaeologists and historians have often wondered about the truth within the accounts written in the Bible. However, breakthroughs in archaeology have provided people some idea as to what life was like during the time...

NASA: Agency says the ice caps are melting faster than usual

Climate change is another issue that many are trying to spread awareness about, with global warming taking its toll on the global temperatures and on the polar regions. Now, NASA has revealed that the ice caps are melting...

SpaceX to prepare for another launch following success from latest mission

The privately-owned SpaceX, in partnership with NASA, made history as it successfully transported two NASA astronauts into space and to the International Space Station over the weekend. Following the success of the launch...

Ancient Pharaoh city believed to be a myth found submerged under the Nile river

Even though a lot of discoveries have been made in Egypt over time, archaeologists still manage to find more artifacts that shed more light on ancient times. Another breakthrough was made in Egypt as they found an entire...

Technology

Poco India hints something is ‘coming soon’ after Poco M2 Pro’s launch is rumored

Another smartphone could be released under the Poco brand. Based on the clues found online, it might be the second Poco device launching in India this year. Poco India ad seemingly hints at a new smartphone...

Nintendo Switch reportedly sold by more than 4 million units just in March

The month of March marked the rise of COVID-19 cases for most countries, thus, leading to stringent stay-at-home policies. The situation, albeit unfortunate, drove up the sales of Nintendo Switch consoles with most people...

‘eFootball PES 2020’ players receive UEFA Euro 2020 and Data Pack 7.0 together

The wait is finally over for the eFootball PES 2020 exclusive content update that will add the UEFA Euro 2020 league to the football sim. The even better news is that it launches with the equally anticipated Data Pack...

‘The Elder Scrolls Online’ arrives on mobile gaming through Google Stadia on June 16

Gone are the days when people thought The Elder Scrolls Online would never arrive in mobile gaming. Thanks to its upcoming launch on Google Stadia, Bethesdas popular massively multiplayer online role-playing game (MMORPG)...

‘World of Warcraft: Shadowlands’ zone Ardenweald is a visually-pleasing zone for the soul’s rebirth

Blizzard Entertainment unveiled new images to give fans a better idea of how one of its zones, Ardenweald, will look like in World of Warcraft: Shadowlands. Ardenweald is a visually pleasing location that might make fans...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.