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An ICIJ report focused on the Panamanian law firm of Alemán, Cordero, Galindo & Lee, or Alcogal, saying it was the "law firm of the Latin American elite", [41] having created at least 14,000 shell companies and trusts in tax havens. Alcogal was thus mentioned more than any other offshore provider in the leaked documents.
ICIJ reports that the series of stories has sparked "official investigations, sweeping policy changes and high-profile resignations" around the world, with the European Union's top tax official calling Offshore Leaks “the most significant trigger” behind Europe's new push to crack down on offshore hideaways and global tax dodging. [7] “We ...
After the leak, more than 30 Members of the European Parliament issued an open letter criticizing the British government for failing to take action against the offshore tax industry. [ 150 ] Gavin St Pier , an elected Deputy of the tax haven Guernsey , stated that the "coverage was part of a well-orchestrated, ongoing campaign". [ 151 ]
In October 2020, German authorities issued an international arrest warrant for the two founders of the law firm at the core of the tax evasion scandal exposed by the Panama Papers. Cologne prosecutors sought German-born Jürgen Mossack and Panamanian Ramón Fonseca on charges of accessory to tax evasion and forming a criminal organization. [25]
The Treasury Building, Canberra The PwC tax scandal was a scandal involving PwC's abuse of Australian Government secrets to enrich itself and its corporate clients.. PwC, and other Big Four accounting firms, give advice to governments on writing tax law, and also corporations seeking to avoid those laws.
Tax protesters attempt to evade the payment of taxes using alternative interpretations of the tax law, while tax resisters refuse to pay a tax for conscientious reasons. In the United States, tax protesters believe that taxation under the Federal Reserve is unconstitutional, while tax resisters are more concerned with not paying for particular ...
The Bangkok Post reported that the "Anti-Money Laundering Office (AMLO) is seeking information from its foreign counterparts regarding twenty-one Thai nationals reportedly included in a list of people worldwide using a Panama-based law firm apparently specializing in money laundering and tax evasion." It is not clear why AMLO is investigating ...
Under this view, government transgresses property rights by enforcing compulsory tax collection, regardless of what the amount may be. [ 4 ] [ 5 ] Some opponents of taxation, like Michael Huemer , argue that rightful ownership of property should be based on what he calls "natural property rights", not those determined by the law of the state.