On Wednesday, Deputy Commissioner Michael Cranston told Fairfax Media that Hong Kong "stood out" as the main low-tax jurisdiction linked to Australian taxpayers, and it now is looking at 140 cases linked with the low-tax nation. The agency has shared its intelligence with AUSTRAC and the police Australians identified in Panama papers could be up for criminal charges ATO
Ex-Billionaire on Tax Shelters: I Trusted My Lawyers. Judge: Not Good Enough
Panama Papers affair widens as database goes online BBC
Guide to Legal Tax Evasion YouTube
Legal extract of Mossack Fonseca note - circa MMVII:
Mapping the Panama Papers middlemen
- The majority of the names in this database come from Panamanian law firm Mossack Fonseca, whose inner workings were exposed in the Panama Papers investigation published in April 2016 in conjunction with Süddetsche Zeitung and more than 100 other media partners. Around a third of the offshore entities were incorporated through Portcullis Trustnet (now Portcullis) and Commonwealth Trust Limited, two offshore service providers exposed as part of ICIJ’s 2013 Offshore Leaks exposé. This was the first information added to this database when it was released in June 2013, which was then produced in conjunction with Costa Rican newspaper La Nación. While many of the activities carried out through offshore entities are perfectly legal, extensive reporting by ICIJ and its media partners for more than four years has shown that the anonymity granted by the offshore economy facilitates money laundering, tax evasion, fraud and other crimes. Even when it’s legal, transparency advocates argue that the use of an alternative, parallel economy undermines democracy because it benefits a few at the expense of the majority. Read more about why ICIJ is making this information public here. The questions and answers below address the most frequent questions about this data. If you still have questions after reading them, please get in touch with us.”
Panama Papers: ICIJ releases database revealing thousands of secret offshore companies
The name of one of the principal newspapers owned by The McClatchy Co. has turned up in the Panama Papers – and it was a corporate hijacking of sorts. On Dec. 2 last year, employees of the Panama law firm Mossack Fonseca registered an offshore company calling itself The Sacramento Bee Ltd in the British Virgin Islands.
Is your company’s name hijacked in the Panama Papers?
PP via Guardian
Australian corporate and individual taxpayers should be scrutinising their own offshore affairs and be able to effectively respond to regulatory scrutiny through strategic and measured means.
By Sean Mullins and Jonathan Slater: Mossack Fonseca, Panama and the implications for Australia
AUSTRAC, an active member of the Serious Financial Crime Taskforce (SFCT), has announced that it is analysing data received relating to the Panama Papers.
The ATO has shared data that they received relating to the Panama Papers with AUSTRAC.
AUSTRAC media release, 13 April 2016.
PANAMA PAPERS: Aussie firms linked to scandal
Nine News on Panama...
Flawed ‘Panama Papers’ Response FACT Coalition
For example the client list includes Li Ka Shing, whose $US31.1 billion fortune was not troubled by his $396 million fight with the Australian Tax Office; Thomas and Raymond Kwok, whose Hong Kong property empire (which includes Wilson Parking and Wilson Security in Australia) is valued at $US14.7 billion; Hui Ka Yan, whose Evergrande Real Estate group is worth $US9.8 billion; and Chinese billionaire Liang Guangwei, a former People's Liberation Army soldier and head of a state-backed technology conglomerate who recently bought a $64 million block of land next to the new headquarters of the Australian spy agency. The Panama Papers: Where Australia beats the world
A British Virgin Islands company linked to former Reserve Bank board member Robert Gerard refused for more than four years to supply documents which would identify him as the beneficial owner of the company The Panama Papers: Robert Gerard used new BVI companies after $150m tax bill
Panama Papers investigation: 'NZ absolutely, conclusively is a tax haven'
Panama tycoon accused of laundering drug money Financial Times. A safe target
Key said he had "never been kicked out as Prime Minister before."
While his office confirmed, based on information from the Clerk's office, that Key had never been asked to leave the House at any point since becoming an MP - the Parliamentary Library's record shows this is his fourth occasion.
The Library confirmed Key was asked to leave the debating chamber twice in 2006 and once in 2007 while he was Opposition leader.
A spokesman from Key's office said the Parliamentary Library's record was accurate.
Key thrown out of parliament over *Panama papers row
Apology sought over Key's Panama Papers charity claim
The Panamanian Shell Game: Cybercriminals With Offshore Bank Accounts? - TrendLabs Security Intelligence Blog
0.0001 Percent of People and Companies Named in Panama Papers Are American
Anti-Money Laundering Experts Deeply Concerned by Administration’s
SAY “PANAMA” these days and the word “papers” quickly comes to mind. Too bad. I recently visited this small Central American country and saw firsthand what is largely unknown: Panama is a huge economic success story, enjoying an average annual growth rate that’s about the best in the world in the 21st century. Things have “slowed” recently: Growth last year was a tad below 6% but is expected to be a bit above 6% this year. Unlike the numbers coming out of China these days, which are ostensibly slightly higher, Panama’s are the real deal. Its growth is still light-years ahead of that in most of the world’s countries. The Panama Papers? Here's The Real Panama Story
Remembering Daniel Berrigan: A Penniless, Powerful Voice for Peace New York Times
As PM launches anti-corruption summit, tycoon Bill Browder claims: 'Britain's a brothel for dirty money'
Is Pro-Business Reform Pro-Growth? Evan Soltas
Welcome to Shenzhen, the Silicon Valley of China. Thirty-six years ago it was a village of 30,000 residents. Today, 14 million people call it home and for anyone wanting to see what the Chinese economic miracle really looks like, the place to go Shenzhen Chinas silicon valley