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Panama Papers: The worldwide fallout
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class="article-box"> <div class="column-layout feature list"> <div class="img-side"> <a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-furor-highlights-Japan-s-struggle-with-tax-dodgers"> <img src="/web/20160505054411im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/20160430t/20160430_panama/4434747-1-eng-GB/20160430_Panama_main_image.jpg" width="280" alt=""/> </a> <p class="img-caption"> The documents from Panama City-based Mossack Fonseca have sent shock waves through the international community. <span class="img-credit"> © AP </span> </p> </div> <div class="feature-article"> <h2 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-furor-highlights-Japan-s-struggle-with-tax-dodgers">Panama Papers furor highlights Japan's struggle with tax dodgers</a></h2> <p>TOKYO -- Leaked documents on offshore tax havens of prominent figures worldwide now raise the question in Japan of how to handle tax policy in the age of globalization.A law firm here has fielded a wave of calls from wealthy clients worried that they...</p> </div> </div> </div> <div class="article-list "> <div class="article-box text-list"> <ul> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-reveal-dubious-wealth-of-dictators-cronies">Panama Papers reveal dubious wealth of dictators, cronies</a></h3> <p>CAIRO -- The litany of secrets that has been exposed by the Panama Papers includes sordid stories about people close to dictators who are subject to international economic sanctions.These revelations show how tax havens have shielded strongmen from i...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-show-Japanese-stakes-in-270-offshore-tax-haven-entities">Panama Papers show Japanese stakes in 270 offshore tax haven entities</a></h3> <p>TOKYO (Kyodo) -- Individuals and companies in Japan, including major trading firms Marubeni Corp. and Itochu Corp., were listed as shareholders or directors of at least 270 entities in offshore tax havens, recently leaked documents dubbed the "Panama...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Indonesian-minister-named-in-Panama-Papers-denies-link">Indonesian minister named in Panama Papers denies link</a></h3> <p>JAKARTA -- The name of a top Indonesian minister appeared in leaked documents detailing the use of offshore tax havens by the wealthy, a local newspaper reported Monday. Luhut Binsar Panjaitan, coordinating minister for politics, law and security...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/A-third-of-Panama-Papers-shell-companies-set-up-from-Hong-Kong-China">A third of Panama Papers shell companies set up from Hong Kong, China</a></h3> <p>HONG KONG -- Intermediaries located in Hong Kong and China have established roughly 30% of the offshore firms exposed in the massive document leak known as the Panama Papers, an analysis by the organization behind the revelations shows. Mossack F...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-to-join-information-sharing-by-2018-president">Panama to join information-sharing by 2018: president</a></h3> <p>TOKYO -- Panama plans to adopt a new international standard on the automatic exchange of tax-related information by 2018, President Juan Carlos Varela told The Nikkei here Monday amid growing international pressure over the Panama Papers scandal. ...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/G-20-financial-leaders-call-for-crackdown-on-tax-avoidance">G-20 financial leaders call for crackdown on tax avoidance</a></h3> <p>WASHINGTON -- Group of 20 finance ministers and central bankers have pledged to fight tax avoidance, responding to the uproar generated by the so-called Panama Papers that revealed the use of offshore accounts by world leaders and their families. ...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Pacific-islands-provided-fertile-ground-for-Panamanian-law-firm">Pacific islands provided fertile ground for Panamanian law firm</a></h3> <p>AUCKLAND, New Zealand Jurgen Mossack, the founding partner of Panamanian law firm Mossack Fonseca, managed to move little noticed through the South Pacific for 20 years. Diplomats knew who he was, and some politicians welcomed him and his plans...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-reveal-Hong-Kong-s-role-in-the-world-of-tax-havens">Panama Papers reveal Hong Kong's role in the world of tax havens</a></h3> <p>It should come as no surprise that China and Hong Kong have been revealed in the Panama Papers as being among the most prolific in hiding entities that use offshore financial centers and tax havens. This partly stems from the fact that Hong Kong was ...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/London-offers-an-easy-home-for-dirty-money">London offers an easy home for dirty money</a></h3> <p>It used to be gold bars. Then numbered Swiss bank accounts. But the new favorite place for the world's rich to hide their wealth is luxury London real estate, hidden in an offshore company. The prime minister of Pakistan and eight current or form...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/China-does-its-best-to-ignore-the-Mossack-Fonseca-leaks">China does its best to ignore the Mossack Fonseca leaks</a></h3> <p>BANGKOK -- The treasure trove of leaked documents known as the Panama Papers has shed new light on the extensive overseas business dealings of China's most powerful and elite families, known collectively as the "Red Princelings," and how they continu...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Editorial-The-world-needs-tighter-surveillance-against-tax-evasion">Editorial: The world needs tighter surveillance against tax evasion</a></h3> <p>A massive leak of confidential documents from a law firm in Panama, which shows how offshore tax havens have been used by government leaders and super-rich people from many countries, is sending shock waves across the world. Iceland's prime minister,...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-stir-emerging-world">Panama Papers stir emerging world</a></h3> <p>BANGKOK -- The Panama Papers jolt is spreading to the emerging world. The list of people suspected of using offshore shell companies to squirrel away money is getting longer by the day. Argentine President Mauricio Macri and Pakistani Prime Minister ...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-trigger-bank-probes-in-Europe">Panama Papers trigger bank probes in Europe</a></h3> <p>LONDON -- European regulators have begun investigating whether banks and other financial institutions assisted their clients in such illegal activities as tax evasion and money laundering in light of the leaked Panama Papers. The U.K.'s Financial...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-link-European-banks-to-tax-avoidance">Panama Papers link European banks to tax avoidance</a></h3> <p>TOKYO -- A trove of materials tied to documents leaked from a Panamanian law firm reveals a web of paper companies in tax havens, often created at the behest of European banks, that let wealthy clients worldwide keep their funds out of the reach of t...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Chinese-media-keeping-lid-on-leaders-links-to-offshore-funds">Chinese media keeping lid on leaders' links to offshore funds</a></h3> <p>BEIJING -- China is scrambling to block any reports on alleged tax avoidance by relatives of top Chinese officials named in leaked Panamanian documents, fearing a public backlash amid President Xi Jinping's anti-graft campaign. Three of the eight...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/British-PM-Cameron-admits-he-held-stake-in-father-s-offshore-trust">British PM Cameron admits he held stake in father's offshore trust</a></h3> <p>BENGALURU/LONDON (Reuters) -- British Prime Minister David Cameron acknowledged in a TV interview on Thursday that he once had a stake in his late father's offshore trust, which was revealed in the "Panama Papers" leak from a law firm. Cameron to...</p> </li> <li> <h3 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Features/Panama-Papers/Panama-Papers-fallout-dents-tax-avoidance-crusader-Cameron-s-image">Panama Papers fallout dents tax-avoidance crusader Cameron's image</a></h3> <p>LONDON -- Prime Minister David Cameron's admission that he held a stake in an investment trust set up by his father in a tax haven has sparked calls of hypocrisy from the opposition and could affect an upcoming U.K. referendum on leaving the European...</p> </li> </ul> </div> <div class="pagination"> <div class="first-page"></div> <ul class="page-number"> <li style="width:83px;"></li> <li class="current">1</li> <li style="width:83px;"></li> </ul> <div class="last-page"></div> </div> </div> </div> </div> <div class="secondary"> <div class="link-box "> <h5 class="title"><a href="/web/20160505054411/http://asia.nikkei.com/Latestheadlines">Latest headlines</a></h5> <ul class="headline-list"> <li> <a href="/web/20160505054411/http://asia.nikkei.com/Life-Arts/Arts/Japan-South-Korea-displaying-ancient-statues-to-fete-friendship">Japan, South Korea displaying ancient statues to fete friendship</a> </li> <li> <a href="/web/20160505054411/http://asia.nikkei.com/Business/Companies/Facebook-takes-page-from-Google-playbook-in-cementing-founder-s-power">Facebook takes page from Google playbook in cementing founder's power</a> </li> <li> <a href="/web/20160505054411/http://asia.nikkei.com/Politics-Economy/International-Relations/Key-at-bay-as-NZ-seeks-wider-China-trade-deal">Key at bay as NZ seeks wider China trade deal</a> </li> <li> <a href="/web/20160505054411/http://asia.nikkei.com/Politics-Economy/International-Relations/Southeast-Asia-s-migration-wave-highlights-Japan-s-barriers">Southeast Asia's migration wave highlights Japan's barriers</a> </li> <li> <a href="/web/20160505054411/http://asia.nikkei.com/Politics-Economy/International-Relations/Trump-urges-Japan-to-pay-more-to-maintain-US-military-bases">Trump urges Japan to pay more to maintain US military bases</a> </li> </ul> <div class="more"><a href="/web/20160505054411/http://asia.nikkei.com/Latestheadlines">more</a></div> </div> <div class="rectangle"> <!-- NikkeiEnglish_300*250_1 --> <div id="div-gpt-ad-1375148072299-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375148072299-0'); 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