Appleby sues Guardian and the BBC over Paradise Papers
The law firm at the heart of the Paradise Papers hack is seeking damages and has demanded that UK newspaper the Guardian and the BBC hand over documents.
Panama Papers
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Tax pariah Panama introduces fresh anti-avoidance measures
The controversial central American jurisdiction is poised to toughen its tax fraud penalties, a year and a half after it came under worldwide scrutiny for the Panama Papers leak.
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17 jurisdictions on EU tax haven blacklist
The European Council published its blacklist of 17 non-cooperative jurisdictions on Tuesday, including the United Arab Emirates and Bahrain.
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Paradise Papers: expect regulation despite little wrongdoing
While the Paradise Papers reveal little in the way of wrongdoing, they will likely stoke political appetites for increasing regulatory scrutiny of the wealth management industry, says an analyst from research firm GlobalData.
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Jurisdictions face critical EU tax haven blacklist test
A ‘substance’ test that determines whether actual business activities of offshore structures take place in a jurisdiction could be the make or break factor for 53 countries facing the prospect of being added to an EU-wide tax haven blacklist.
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Paradise Papers critics ‘naïve’ says deVere CEO
Misinformation, heightened sensationalism and grandstanding politicians are “masking the reality” of the Paradise Papers, deVere Group founder and chief executive Nigel Green has said.
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Prosecutions unlikely following Paradise Papers leak
Recent legislative changes to prevent the facilitation of tax evasion are not retroactive, so it is unlikely that there will be any prosecutions in the UK arising from the cyber attack on Bermuda-headquartered law firm Appleby, a partner at law firm Corker Binning has said.
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Offshore takes another hit with Paradise Papers leak
For the second time in 18 months, millions of documents have been illegally released from a law firm, shining a harsh spotlight on the use of offshore trusts and finance centres.
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Rich at risk after offshore law firm hacked
Just 18 months after the Panama Papers rocked the offshore world, a Bermuda-based offshore law firm has confirmed it was hacked in 2016, raising concerns that details of high net worth individuals and corporations could be at risk.
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Panama Papers blog linked to Maltese journalist’s murder
A Maltese journalist was killed in a car explosion to silence her blog on the Panama Papers, her son has claimed.
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HMRC doubles tax evasion requests to overseas governments
HM Revenue and Customs has almost doubled its requests to governments elsewhere in the world for help in suspected tax evasion cases over a five-year period, according to figures obtained by law firm Pinsent Masons.
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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.