Muhammad Ammar Basharat

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Let's not overreact to Panama Papers, many EU finmins warn

AMSTERDAM (Reuters) - A European Commission plan to publicly reveal tax and financial data of large companies raised concerns among many European Union finance ministers who on Saturday advised caution after the Panama Paper leaks.<p>A company list showing the Mossack Fonseca law firm is pictured on a …

Pakistan's Khan threatens protests against PM over Panama Papers

ISLAMABAD (Reuters) - Pakistan opposition politician Imran Khan on Sunday threatened fresh protests against Prime Minister Nawaz Sharif, saying the leader had lost “moral authority” to rule after the Panama Papers leak had linked his family to offshore wealth.<p>Imran Khan (C), chairman of the …

Panama Papers: Income Tax department sends fresh questions to Amitabh Bachchan

Income Tax department has sent a fresh set of queries to megastar Amitabh Bachchan after his recent denial of having any connection with the offshore …

Panama Papers: the biggest leak in history – Guardian Live event

A panel of Guardian reporters explores the fallout from the Panama Papers and tells the inside story behind the biggest leak in history<p>The Panama Papers have revealed the myriad ways the rich can exploit secretive offshore tax regimes, and had repercussions across the globe. The release of the …

City watchdog starts search for British links to Panama Papers

The City watchdog has begun sifting through the British links to the law firm at the heart of the Panama Papers leak, although its acting chief executive said it is “far too early” to predict how many UK firms might have broken the law.<p>“It is at this stage far too early to give any views as to …

Regulator widens inquiry into UK firms' links with Panama Papers tax havens

Financial Conduct Authority has asked 64 firms about any involvement with Mossack Fonseca, law firm at centre of Panama Papers revelations<p>The City regulator has widened its inquiries into potential links between UK financial firms and the law company at the centre of the Panama Papers revelations, …

Let's not overreact to Panama Papers, many EU finmins warn

AMSTERDAM (Reuters) - A European Commission plan to publicly reveal tax and financial data of large companies raised concerns among many European Union finance ministers who on Saturday advised caution after the Panama Paper leaks.<p>A sign is seen at the European Commission (EC) headquarters ahead of …

PUNCH | Daily News: Panama's Craft Cocktail Scene, London's New Nude Restaurant

<i>Your daily dose of news and happenings from around the drink-o-sphere:</i><p>– Jim Meehan of New York’s PDT forecasts the cocktail trends that will emerge …

Panama officials raid warehouse of law firm at center of document leak | Fox News

Panamanian officials have raided a warehouse of the law firm Mossack Fonseca, which has been at the center of the huge document leak related to offshore accounts.<p>Special prosecutor for organized crime Javier Caraballo says large quantities of documents related to the company were found, but it's …

Panama Papers: HSBC chief says only 5% offshore accounts still active

Of the 2,000 plus offshore accounts that HSBC was alleged to have been associated with, as per the Panama Papers leak, only 5% were still active, …

Rafael Correa: Ecuador leader demands release of Panama Papers then realises he’s in them

It’s been an extremely bad week for Ecuadorean President Rafael Correa.<p>The earthquake last week resulted in the death of at least 650 people, …

Imran Khan threatens protests against Pakistan PM over Panama Papers

ISLAMABAD (Reuters) - Pakistan opposition politician Imran Khan on Sunday threatened fresh protests against Prime Minister Nawaz Sharif, saying the leader had lost “moral authority” to rule after the Panama Papers leak had linked his family to offshore wealth.<p>Imran Khan, cricketer-turned-politician …

I-T dept sends fresh questions to Amitabh Bachchan over ‘Panama Papers’

<b>New Delhi:</b> The income-tax (I-T) department has sent a fresh set of queries to Amitabh Bachchan after his recent denial of having any connection with …

Panama Papers: Khulubuse Zuma linked to US oil deal probe

Cape Town – US authorities are investigating an oil deal originally fronted by President Jacob Zuma’s nephew, mining magnate Khulubuse Zuma, the …

Panama's finance minister faces French counterpart in Paris over tax spat

PARIS (Reuters) - Panama’s finance minister faced demands from his French counterpart in Paris on Monday for “total transparency” following a diplomatic standoff triggered by a data leak at a Panamanian law firm specializing in setting up offshore firms.<p>Panama's Minister of Economy Dulcidio de la …

Forget Panama: Why Corporations And The Rich Love US Tax Havens

Nevada, Wyoming and Delaware have emerged as top destinations for officials seeking a place to set up shell corporations for cheap.<p><b>AUSTIN, Texas —</b> …

Corruption

India Revokes Passport Of 'Panama Papers' Man Vijay Mallya

India’s government wants him extradited from his long-time home in London, but former billionaire and Panama Paperman Vijay Mallya is too busy living the high live in the U.K. and reportedly spending the billions he owns state banks on brand named New York city real estate.<p>Once again, London and …

Forget The Panama Papers, Use The United States As A Tax Haven

The recent revelation of what are being called the “Panama Papers” highlights the poor advice individuals receive, irrespective of country. Key to characterizing things as poor advice for non-US persons is the recognition of the most overlooked tax haven in the world: the United States.<p>In this …

Review: Waldorf Astoria Panama

For this mileage run we were landing in Panama at 3:30PM, and leaving the following morning at 7AM. Our friend Matt joined us on this trip, and based …

Hospitality

FCA says too early to draw conclusions on Panama Papers

LONDON (Reuters) - Britain’s Financial Conduct Authority has widened its review of banking links to businesses and individuals whose names appeared in the leaked Panama Papers, saying it was too early to draw any conclusions, the watchdog said on Tuesday.<p>The logo of the new Financial Conduct …

Forget the Camerons, the African giveaway is the real Panama Papers story

Offshore accounts have helped people get rich off the continent’s natural resources – just not ordinary citizens<p>Revelations about the tax affairs of David Cameron’s late father are a sideshow in the Panama Papers saga, diverting attention from an offshore heist that has seen billions of dollars …

Panama Papers: Amitabh Bachchan attended board meets, report says

New Panama Papers documents studied by The Indian Express, reveal that Amitabh Bachchan served as the director of atleast four offshore shipping …

3 Major Implications of the Panama Papers Leak

11.5 million documents and dozens of scandals later, the implications of history's largest leak have only begun to unfold.<p>In early April, 2016, the International Consortium of Journalists leaked a wealth of sensitive documents known as the Panama Papers. The leak consisted of 2.6 terabytes of data …

Spotlight-style Panama Papers movie in development

Hollywood studios are bidding for the film rights to forthcoming book Secrecy World, about the story behind the major leak of data and documents concerning offshore accounts<p>A film based on the Panama Papers is being shopped around Hollywood.<p>The forthcoming book Secrecy World, by Pulitzer …

Hillary Clinton's wealthy donors revealed in Panama Papers

Names in the Panama Papers link Democratic presidential candidate Hillary Clinton, fresh off a big win in New York, and her husband, former president …

Financial watchdog says Panama Papers charges ‘will be difficult’ | Financial Times

UK authorities charged by the prime minister with forming a “task force” in response to the Panama Papers leak have cautioned that the scandal over …

‘Panama Papers’ spur calls for U.S. adviser rule on money-laundering controls

In the wake of revelations outlining how a Panamanian law firm helped the wealthy stash wealth offshore, 11 financial transparency advocacy groups on Monday urged the U.S. Treasury Department’s anti-money laundering unit to issue a final rule requiring investment advisers to help combat financial …

First North American monkey fossils are found in Panama Canal excavation

Seven fossil teeth exposed by the Panama Canal expansion project are the first evidence of a monkey on the North American continent before the …

US launches criminal investigation into Panama Papers claims

The “crusading” US attorney for Manhattan has launched a criminal investigation into possible international tax avoidance that may have been revealed …