How world's big money sails to offshore investment hubs: UN report nails Panama model
Investment flows to offshore financial hubs, including to offshore financial centers and special purpose entities (SPEs), were increasingly volatile in 2015, with flows to offshore financial centres an estimated $72 billion, a UN report revealed today.
Pakistan to probe Panama Papers claims
Pakistani Prime Minister Nawaz Sharif announced Tuesday the formation of a commission to investigate allegations made in the so-called Panama Papers that linked his family to a series of offshore companies.
Panama Papers: Investigation of 500 Indians as per new anti black money law
The monitoring and investigation into the cases of 500 Indians being named in the leaked 'Panama Papers' will be conducted under the stringent provisions of the new law to combat the menace of black money generated by Indians in foreign shores.
Panama Papers revelations trigger global probes
Spain, France and several other countries launched tax evasion probes Monday after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities.