Tag Archives: Panama Papers

Panama Papers Leaks : CBDT Investigation in full swing 

By | November 6, 2017

Cases pertaining to ‘Panama Papers’: Investigation in full swing Pursuant to revelations made by the International Consortium of Investigative Journalists (ICIJ), a Washington based organization in April 2016 about certain Indians having linkages with entities in offshore no tax/low tax jurisdictions, the Government constituted a Multi-Agency Group (MAG) on 4th April 2016, inter alia, to facilitate co-ordinated… Read More »

OECD statement on Panama Papers

By | April 5, 2016

The “Panama Papers” revelations have thrown light on Panama’s culture and secretive ways of carrying out business. Panama is the last major tax haven that continues to allow funds to be hidden offshore from tax and law enforcement authorities flouting international best practices with impunity. The OECD has been leading a global crackdown on these… Read More »

Panama Papers FAQ’s : Largest leak in offshore history

By | April 5, 2016

Panama Papers What are Panama Papers ? 2.6-terabyte leak of  confidential papers of Panamanian law firm called  “Mossack Fonseca ” to the International Consortium of Investigative Journalists is called Panama Papers. Mossack Fonseca was helping foreigners to set up Panamanian shell companies to hold financial assets while obscuring the identities of their real owners. The documents provide… Read More »