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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

S. Korea's 5G subscribers reach 7.37-M in June

South Koreas 5G users have reached 7.37 million in June, up by 493,101 from the May, months before the launches of new phones that will use the network. The number of 5G subscriptions is expected to rise later this...

Indonesia subjects Facebook, Apple, Disney, Tiktok to 10% VAT

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S. Korea to launch 6G project in 2026

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Politics

Ivanka Trump brings in $4 million in latest fundraiser

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Melania Trump: Expert says FLOTUS is like a 'mentor' to stepdaughter Ivanka Trump

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Donald Trump: Facebook and Twitter clamp down on misinformation on POTUS' posts

Donald Trump is known for insisting his own claims and theories about the COVID-19 pandemic, which has hit the United States the hardest. Recently, social media platforms Facebook and Twitter have now clamped down on posts...

Melania Trump: Body language expert says the First Lady's 'regal vibes' was copied from Queen Elizabeth

Melania Trump is currently the First Lady in the U.S. and with her position, she is bound to have many formal engagements and public appearances that may require her to give a speech. Delivering speeches is not easy...

Science

NASA reveals how ingredients for life is distributed through space

The entire universe is made up of bits and pieces of stars and planets, with the possibility of there being life in each one. Scientists at NASA looked into how there could be life on other celestial objects, in the form...

Asteroids: Space rock traveling 38,880 kilometers per hour to pass by Earth this weekend

Space agencies such as NASA are constantly keeping tabs on asteroids that are coming our way. One particular asteroid is Earthbound this weekend, traveling at a speed of 38,880 kilometers per hour. Express reports that...

Asteroids: NASA and University of Hawaii release footage of space rock completing fly-by past Earth

Asteroids regularly pass by Earth, but it is not everyday that we may get to witness one completing its fly-by. Recently, NASA and the University of Hawaii released footage one of asteroid completing its approach to...

NASA: Mysterious red rectangle in space captured by the Hubble Space Telescope

NASA and the European Space Agencys Hubble Space Telescope is busy making its rounds all throughout space, taking photos of unusual and spectacular occurrences lightyears away from Earth. This time, NASA revealed one of...

Technology

‘Cyberpunk 2077’ Lifepath details revealed in Night City Wire episode 2

Lifepaths have been one of the anticipated features of CD Projekt Reds upcoming RPG. Luckily, the second episode of Night City Wire released on Monday revealed more information on how choosing among the Nomad, Street Kid,...

Trump’s WeChat ban could lead to a 30% iPhone sales decline, analyst suggests

Citing national security concerns, President Donald Trump has signed executive orders that will prohibit US companies from having any transactions with WeChat owner Tencent. Since it is one of the widely used apps in...

‘GTA Online’ summer update delivers the new Open Wheel Race Creator for fan-made circuits

As Rockstar Games promised, a slew of new gameplay content and improvements will be released in GTA Online to celebrate the summer season in Los Santos. The update going live this week will include a new feature allowing...

iPhone 12 could still sport a smaller display notch, here’s how

Since the first rumors that Apple is changing the design of the iPhone 12 emerged online, one of the common requests has been a smaller display notch. A recent leak seemingly suggests it is not happening, but other fans...
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