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Added on the 05/04/2016 10:48:50 - Copyright : Reuters EN
Governments across the world are investigating possible financial wrongdoing by the world's rich and powerful after a massive document leak out of Panamanian law firm Mossack Fonseca. Rough Cut - Subtitled (no reporter narration).
These are the Bermuda offices of Appleby law firm, a company specializing in legal finance which was implicated in helping corporate giants like Apple avoid paying taxes overseas following the leak of the so-called 'Paradise Papers.' The 'Paradise Papers' reveal that Appelby helped tech giant Apple avoid paying billions in taxes by setting up a legal entity on the Channel Island of Jersey in a secret arrangement to find ways to avoid paying corporate tax.
The release of the 'Panama Papers' has put the focus back on the role of offshore companies in purchasing property in the UK, particularly in London. As Sara Hemrajani reports, campaigners say the lack of transparency means the country is acting as a safe haven for corrupt individuals.
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. As Sara Hemrajani reports, other jurisdictions are likely to follow suit following the leak of details of hundreds of thousands of clients in more than 11.5 million documents.
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. As Sara Hemrajani reports, other jurisdictions are likely to follow suit following the leak of details of hundreds of thousands of clients in more than 11.5 million documents.
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