Panamanian President Juan Carlos Varela says his country will adopt global tax reporting standards in the aftermath of the Panama Papers controversy, VoA reported. To prevent the illegal use of Panamas financial systems, we would like to cooperate with other countries to improve transparency, Valera told reporters Tuesday in Tokyo. Members of the ...

Alwaght- The Washington-based Foreign Policy magazine has published on April 5 an article titled will the Panama Papers be a catalyst for change?, written by Tom Cardamone. The article has propagated the leaked documents as of great significance and asked if such disclosed documents could push a change of the global economy. This question, should it ...

Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late fathers offshore fund in the Panama Papers. Camerons initial reluctance to admit that he had benefited from the fund caused a furor, compounding his problems when he ...

Fittingly, in the same week that astronomers discovered a huge new super black hole in a distant part of the galaxy, here on Earth the public got a glimpse of the gargantuan amount of money that the global elite suck into tax havens. The so-called Panama Papers of leaked data on tax dodging by the global one percent may have been used initially ...

Russian President Vladimir Putin has dismissed having any links to offshore accounts mentioned inthe leaks dubbedPanama Papers, saying the files are part of Western efforts to undermine Moscow. Putin told a media forum in St. Petersburg on Thursday that although his own name did not figure in the documents, media had sought instead to attribute ...

Icelands Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm, which have shone a spotlight on the offshore wealth of politicians and public figures worldwide. The Panama Papers showed the premiers wife owned an offshore company with big claims on Icelands banks,...

IFP has taken a look at the front pages of newspapers on Tuesday and picked headlines from 24 of them. IFP has simply translated the headlines and does not vouch for their accuracy. Abrar: Landmark week for Brazilian president Administration may tackle general budget deficit using reserve accounts Iran non-oil exports greater than imports:...

Alwaght- International Consortium of Investigative Journalists, a coalition of media outlets, published on Sunday documents of offshore financial dealings of the Politicians, rich and famous figures, based on a vast trove of documents leaked from Mossack Fonseca, a Panamanian law firm. Mossack Fonseca, the worlds fourth biggest offshore law firm,...