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4 Apr 2016

Tax authorities begin probes into some people named in Panama Papers leak

Author: admintech | Filed under: World

A company list showing the Mossack Fonseca law firm is pictured on a sign at the Arango Orillac Building in Panama CityBy Jane Wardell and Elida Moreno SYDNEY/PANAMA CITY (Reuters) – Tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the centre of a massive data leak for possible tax evasion. The leak involves more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama, revealing details of hundreds of thousands of clients in multiple jurisdictions. The documents are at the center of an investigation published on Sunday by the International Consortium of Investigative Journalists, the German newspaper Süddeutsche Zeitung and more than 100 other news organizations around the globe.

Source: http://news.yahoo.com/australian-tax-office-probes-hundreds-possible-tax-evasion-015055492.html