Tag Archives: “Panama Papers”

Dozens of Icelandic Fishermen Charged with Tax Fraud

th8kvtxc4nFifty-seven Icelandic fishermen, who worked for Icelandic fisheries abroad, are suspected of having failed to pay income tax in Iceland, where they resided, Fréttatíminn reports. Their cases comprise more than half of the 108 tax fraud cases connected to the Panama Papers, which are under investigation by the Directorate of Tax Investigation in Iceland. The Directorate has filed charges in a majority of the fishermen’s cases, which are now in the hands of a district prosecutor. The fishermen worked for Icelandic fisheries in Africa, among others, but lived in Iceland. In some cases, tax evasions are believed to amount to tens of millions of krónur. Read the rest here 11:24

Pew, Packard Foundations named in huge document leak called the “Panama Papers”

An unprecedented leak of more than 11 million documents, called the “Panama Papers“, has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public officials around the world. More than 200,000 companies, foundations and trusts are contained in the leak of information which came from a little-known but powerful law firm based in Panama called , whose files include the offshore holdings of drug dealers, Mafia members, corrupt politicians and tax evaders – and wrongdoing galore. The law firm is one of the world’s top creators of shell companies, which can be legally used to hide the ownership of assets. The data includes emails, contracts, bank records, property deeds, passport copies and other sensitive information dating from 1977 to as recently as December 2015. Read the article here 07:59