Blacktower unveils Panama advice operation
Country ‘is a valuable addition’ to the firm’s regulatory footprint
Panama
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US targets wealthy tax evaders using Panama law firm
10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses
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Cayman Islands kickstarts bid to be struck off EU blacklist
As Panama president says European bloc should look at the ‘great effort’ the country has made
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EU blacklist adds Cayman Islands and Panama
While Turkey given extra time to comply with exchange of tax information to avoid being listed
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Panama to set up beneficial ownership register
Nearly four years after 11.5 million documents were leaked from law firm Mossack Fonseca
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Swift backlash against EU’s anti-money laundering blacklist
US and Panama angry with 23-strong list, as critics say its process was ‘flawed’
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Generali signs $172m agreement to sell Panama business
Generali has entered into an agreement to sell its business in Panama, the latest in a series of exits from Latin American markets for the Italian insurer.
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Panama Papers ‘only the tip of an iceberg’
The European Parliament has admitted that the Panama Papers leak “can be construed as only the tip of an iceberg” in a draft report that slams attempts to halt tax avoidance and evasion.
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US pensioner guilty of tax fraud via Panama and Delaware
A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.
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American states ‘thriving’ in Panama Papers fallout
US states including Delaware and Nevada are bucking a trend that has seen the number of new tax shelters drop by a third globally, according to one of the co-founders of Mossack Fonseca, the law firm at the epicentre of the Panama Papers fallout.
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IRS trawls for US tax evaders in Panama firm probe
A federal court in the US state of Montana has authorised the Internal Revenue Service (IRS) to serve a ‘John Doe’ summons in a bid to uncover details of US taxpayers who may hold offshore accounts established by a Panama firm to evade paying tax.
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Panama looks to draw a line under Mossack Fonseca data leak
Panama is planning to take action against those accusing it of being a tax haven, as the country continues its efforts to draw a line under the Panama Papers data leak that saw millions of documents stolen from law firm Mossack Fonseca.