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.
Pakistani cricketer-turned-politician and Imran Khan has warned Prime Minister Nawaz Sharif that if he fails to declare his assets here and abroad he would be jailed for corruption
Bollywood megastar Amitabh Bachchan has responded to the allegations that he has used his star power to evade tax, saying that he is a "law abiding citizen".
Bollywood megastar Amitabh Bachchan, whose name figures among 500 Indians in the Panama Paper leaks as allegedly having links with offshore entities in two tax havens, on Tuesday denied any connection with those companies.
Iceland's prime minister resigned Tuesday, becoming the first political victim of a mushrooming worldwide scandal over hidden offshore financial dealings exposed in the so-called Panama Papers.
Panama Papers expose rich Indians' tax dens; Modi orders multi-agency team to probe unlawful accounts
Prime Minister Narendra Modi on Monday ordered a multi-agency probe team on the global Panama Papers expose which names 500 Indians for alleged offshore holdings and vowed to take action against all unlawful accounts held abroad.
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.
The family of Pakistani Prime Minister Nawaz Sharif Monday defended their ownership of offshore companies after they were named in the Panama Papers, one of the biggest media leaks in history.