why did one lawyer have all of thos panama papers

What did BBC News say about Panama Papers?

"Panama Papers: Mossack Fonseca 'helped firms subject to sanctions' – BBC News". BBC News. Archived from the original on April 5, 2016. Retrieved April 5, 2016. ^ (in Korean) "북한은행도 모색 폰세카 고객, 국제감시 피해 조세도피처로". Newstapa. Archived from the original on December 26, 2018. Retrieved April 6, 2016.

Are the Panama Papers Law Firm founders being investigated by the FBI?

^ "Panama Papers law firm founders 'investigated by the FBI ' ". International Consortium of Investigative Journalists. ICIJ. Archived from the original on October 20, 2019. Retrieved October 20, 2019. ^ Maddaus, Gene (October 18, 2019). "Court Refuses to Block Netflix Release of 'The Laundromat ' ".

Where did the Panama Papers whistleblower cite for good reasons?

"Panama Papers whistleblower cites Pacific isles, NZ, for good reasons". The Standard. Archived from the original on May 10, 2016. Retrieved May 18, 2016. ^ Wardell, Jane; Moreno, Elida (April 4, 2016).

How many politicians have been implicated in the Panama Papers?

The disclosures "implicated at least 140 politicians from more than 50 countries" in tax evasion schemes. Current or former heads of state or government of their country as defined by their political position at the time of announcement, not whether the documents in the Papers relating to them coincided with their period of office.

Did anyone go to jail over the Panama Papers?

By December 2019, Joachim Alexander had pleaded guilty to counts of fraud, falsification of documents, and tax evasion. For his role in the Panama Papers scandal, Joachim Alexander was sentenced to three years in prison and has currently paid over $230,000 in restitution to the United States.

Who was responsible for the Panama Papers?

Mossack FonsecaWhat Are The Panama Papers? The documents that were published in 2016 are 11.5 million leaked financial and attorney-client details of over 214,488 offshore entities which were created by Panamanian law firm Mossack Fonseca in order to evade taxes and other money fraud.

What happened about the Panama Papers?

The vast majority of the leaked Panama Papers revealed tax avoidance—the minimizing of tax—which is perfectly legal. However, the leak did show that some individuals used Mossack Fonseca for tax evasion—which is illegal.

How much money in Panama Papers?

Panama Papers revenue recovery reaches $1.36 billion as investigations continue.

Who leaked the Panama Papers 2021?

German newspaper Süddeutsche Zeitung (SZ) reported the leak, which exposed more than 214,000 tax havens involving high-profile people, government officials, and entities from 200 different nations.

Who leaked the Pandora Papers?

Where did the Pandora Papers leak come from? The records come from 14 offshore service providers — law firms, wealth management advisors and corporate formation agencies — that help those with money set up companies in low- or no-tax jurisdictions. You can find out more about the firms here.

What happened to Mossack Fonseca after the Panama Papers?

Mossack Fonseca closed two years after the Panama Papers scandal broke. Its founders have insisted that they weren't involved in illegal activities.

Where are Mossack Fonseca now?

Mossack Fonseca is one of the biggest providers of such services in the world. Now the law firm is at the center of the Panama Papers, a project that began with the Süddeutsche Zeitung (SZ).

What are the Panama Papers and why do they matter?

The Panama Papers (Spanish: Papeles de Panamá) are 11.5 million leaked documents (or 2.6 terabytes of data) that were published beginning on April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities.

Is Panama a tax haven?

key takeaways. Panama's legal and tax structures make it a pure tax haven. Panama imposes no income, corporate, capital gains, or estate taxes on offshore entities that only engage in business outside of the jurisdiction. Offshore companies can engage in business locally—a rare perk—but will pay local taxes as a result ...

How much money was hidden in Panama Papers?

$111.6 million in untaxed income was identified. The government has recouped $47.5 million from 155 individuals and companies so far. Investigations are ongoing.

Why are the Panama Papers called the Panama Papers?

The Source of the Name "Panama Papers". The group of documents was referred to as the "Panama Papers" because the leak originated from Panama. However, the Panamanian government has registered strong objections to the name as it appears to put some blame or negative association on the country.

What are the Panama Papers?

The Panama Papers are documents that contain personal financial information about many wealthy individuals and public officials that had previously been kept private. Among those named in the leak were a dozen current or former world leaders, 128 public officials, politicians, hundreds of celebrities, business people, and other wealthy individuals.

How many documents were leaked in Panama Papers?

The database of offshore law firm Mossack Fonseca reportedly leaked 11.5 million confidential documents.

Where did the Panama Papers come from?

The files exposed a network of 214,000 tax havens involving wealthy people, public officials, and entities from 200 nations. The anonymous source who leaked the papers did so from Panama, hence the name Panama Papers.

When were the Panama Papers released?

The documents were released on April 3, 2016, by the German newspaper Süddeutsche Zeitung (SZ), dubbing them the “ Panama Papers .”. The document exposed the network of more than 214,000 tax havens involving people and entities from 200 different nations.

Who leaked the documents to the German newspaper?

An anonymous source, coined John Doe, from Panama leaked the documents to German newspaper Süddeutsche Zeitung (SZ) for no cosideration.

Does Panama have a Mossack Fonseca?

Panama attests that it has had no involvement in the actions of Mossack Fonseca. Nonetheless, the nickname has persisted, although some media outlets that have covered the story have referred to it as the "Mossack Fonseca Papers.".

What did the Panama Papers show?

The Panama Papers showed, however, that there were large gaps between legislation and enforcement —and often a kind of foot-dragging that raised questions about Panama’s commitment to transparency.

Why did Panama refuse to sign on to the multilateral exchange of information?

Such exchange is necessary if tax authorities are to trace all the jurisdictions in which their citizens and residents are working.

Why did Panama have to respond to global standards?

One of the central messages to the government was that, because global standards were changing rapidly, Panama would have to respond quickly, both in terms of legislation and enforcement. To advise Panama on where it should go, it was agreed that there had to be a discussion of these evolving global standards.

Why was Panama so unhappy?

Panama was perhaps particularly unhappy because it had worked so hard to live down the reputation earned under strongman Manuel Noriega, when it had been such a key logistics hub for the drug trade that the U.S. felt it had to invade. Two things convinced me to serve.

Why did Joseph Stiglitz help Panama?

After the leak of more than 11 million documents detailing sensitive , and often terrifying, information about offshore financial and legal activities , the Nobel-laureate economist Joseph Stiglitz was enlisted to help Panama reform its practices. But nothing could have prepared him for what came next.

Who was the central player in the Panama Papers?

But the central player was Mossack Fonseca, the Panamanian law firm that had used its expertise in secrecy—garnered from years of operating in Panama—to expand globally.

Which newspaper obtained the documents?

The newspaper Süddeutsche Zeitung had obtained the documents; realizing that to analyze the data was beyond its own capacities, it enlisted the help of the I.C.I.J., which worked for a year through 107 media organizations in 80 countries before breaking the story.

How many reporters were involved in the Panama Papers?

Published in 2016, the Panama Papers involved more than 350 reporters from 80 countries and was coordinated by the International Consortium of Investigative Journalists. Since then, dozens more journalists have been added to the collaboration, and the investigation has continued.

How long was the Panama Papers story?

From Vladimir Putin’s associates to terrorist organizations to celebrities and sports stars, read the original Panama Papers story that created headlines around the world (27 minutes) This story was updated on October 18, 2019 to add the question ‘How did Ramón Fonseca and Jürgen Mossack respond to the film?’.

What countries have been sent to prison for corruption?

Pakistan’s prime minister was sent to prison for corruption, New Zealand changed its laws, the United Kingdom recovered hundreds of millions of dollars in taxes and fines, Algeria opened a money-laundering probe into a corporate titan, and Colombia doubled its tax revenue collection.

Who played Ramon in the Panama Papers?

But what are Mossack Fonseca and the Panama Papers? By Will Fitzgibbon. August 21, 2019. Gary Oldman, left, as Jürgen Mossack and Antonio Banderas as Ramon Fonseca in The Laundromat, a film based on the Panama Papers. You may have heard some buzz around a new film starring Meryl Streep, Antonio Banderas, Gary Oldman and David Schwimmer.

Who sued Netflix for defamation?

The pair decided to sue Netflix for defamation over the film, in which they are played respectively by Antonio Banderas and Gary Oldman. Private investigator Arthur Ventura Jr states in an affidavit to ...

Who obtained the documents from the Süddeutsche Zeitung?

Two journalists at Süddeutsche Zeitung, Bastian Obermayer and Frederik Obermaier (no relation) obtained the documents and shared them with ICIJ, who assembled a team of some of the world’s best investigative reporters.

Who is John Doe?

An anonymous whistleblower named “John Doe.”. Doe issued a statement after the publication of the Panama Papers. Doe wrote: “I decided to expose Mossack Fonseca because I thought its founders, employees and clients should have to answer for their roles in these crimes, only some of which have come to light thus far.

Who is Tomas Berdych?

Tomas Berdych, Czech professional tennis player on the ATP World Tour, at the time of leaking ranked number seven in the world. Bobby Fischer, late American former chess grandmaster and 11th World Chess Champion. Nick Faldo, English professional golfer on the PGA European Tour, now mainly an on-air golf analyst.

Who is José Manuel Soria?

José Manuel Soria, Minister of Industry, Energy and Tourism. (resigned April 15, 2016, four days after appearing named) Rodrigo Rato, former Vice President of the Government of Spain, and former president of Bankia and IMF. Ignacio González, former president of the Community of Madrid.

Who is Marine Le Pen's father?

Jean-Marie Le Pen, former leader of Front National and father of current leader Marine Le Pen. Jean-Noël Guérini, the president of the General council (conseil général) of Bouches-du-Rhône, a member of the Senate of France and a member of the municipal council of Marseille.

Who is Tommy Manotoc's husband?

Ricardo Gabriel Kalaw Manotoc, family member of Tommy Manotoc, President of National Golf Association of the Philippines; Tommy Manotoc is the estranged husband of Maria Imelda "Imee" Marcos, Governor of Ilocos Norte.

What Are The Panama papers?

Understanding The Panama Papers

Documents Leaked by Anonymous Source

The Source of The Name "Panama Papers"

• The group of documents was referred to as the "Panama Papers" because the leak originated from Panama. However, the Panamanian government has registered strong objections to the name as it appears to put some blame or negative association on the country. Panama attests that it has had no involvement in the actions of Mossack Fonseca. Nonetheless, t...

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