Facilitating Tax Evasion

Ion Obloja, former Vice-president of UTI Group will be prosecuted by Directorate for Investigating Organised Crime and Terrorism (DIICOT) under judicial control in a case where he is accused of founding an organized crime group for money laundering and tax evasion.

Fiscal investigations on 500 people in France, as a consequence of the Panama Papers scandal: the budget office of the Finance Ministry said Thursday its experts have studied the leaked information and are now digging deeper into 560 specific cases.

In UK twenty-two people face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, the chancellor has told MPs. Another 43 wealthy individuals are under review as a result of inquiries following Mossack Fonseca leak. Further investigation into areas including links to organised crime will take place in the coming months, the Cabinet minister added.

The European Council has adopted a series of conclusions on tax transparency, arguing that there is a need for more effective cooperation between tax authorities. The Council said that it recognizes the progress made in pursuing the EU's agenda for fairer, more transparent, and more effective taxation.

The European commission has newly published the letter that it addressed to the United Kingdom in October 2014 concerning the preliminary findings of its investigation into Gibraltar's tax ruling regime.

The Danish tax authority has confirmed that it paid just over EUR800,000 (USD900,000) for access to information in the Panama Papers linked to Danish citizens. Jim Soerensen, a senior official with The Danish Tax and Customs Authority, SKAT, made the disclosure on September 29.

A group of Tax Havens have accused larger countries like the United States of “hypocrisy” when it comes to cracking down on tax avoidance.

Documents showing how thousands of individuals and companies are linked to the Panama Papers tax dodging scandal are about to be published online, meaning members of the public will be able to search through the data.

The International Consortium of Investigative Journalists (ICIJ) made data on 200,000 entities available on its website on Monday evening. They contain basic corporate information about companies, trusts and foundations set up in 21 jurisdictions including Hong Kong and the US state of Nevada. The data was obtained from Panamanian law firm Mossack Fonseca, which said it was hacked.

The Whistleblower behind the massive Panama Papers data leak has broken their silence to explain how injustice drove them to release the information. The leaker - whose identity remains a secret - wrote a column for German newspaper Suddeutsche Zeitung explaining their reasoning and insisting they were not a spy.