Global Taxation: The Panama Papers True End Game – José Niño
TND Guest Contributor: José Niño
NewsDoctors.com
Mon, May 16th, 2016
The Panama Papers leak, which detailed the dealings of numerous politicians, businessmen, and other high-ranking officials in offshore banking regimes has caused a worldwide media firestorm.
Calls by institutions such as the Organisation for Economic Co-operation and Development (OECD) for closing tax loopholes and classifying Panama as a “tax haven” for its supposed malfeasances have been the popular response to these developments.
Over the past few years, tax havens have been the whipping boy for many politicians in developed countries who want to rein in these jurisdictions for supposedly fostering tax evasion and other illegal activities.
In reality, the Panama Papers did not reveal anything earth shattering or potentially incriminating about the majority of individuals who turned to Mossack Fonseca for corporate services, nor did they reveal any criminal behavior on the part of Mossack Fonseca.
What Mossack Fonseca did throughout these cases is standard fare for corporate service providers and is perfectly legal.
Tax Havens: In Short
The Rest…HERE
