Daily Management Review

The US go hunting for Panamanian tax fraudsters


American prosecutors decided to start their own investigation into the information contained in the so-called Panamanian files. The Ministry’s officials have appealed for help to reporters published these data to discuss the investigation.

Attorney for the Southern District of New York Preet Bharara informed the International Consortium of Investigative Journalism and the cooperating media about the start of a criminal investigation into the income and assets presumably hidden in Panama. The letter also states that the Prosecutor's Office investigators would be very grateful if the consortium’s staff involved in the investigation or its representative can meet with them and discuss relevant information. Although the "Panamanian dossier" published to date is mainly a question of the European and Asian citizens, the US authorities have paid attention to the leak as well.

In early April, US President Barack Obama said that the Panama scandal was "another reminder of what a global problem the tax evasion is." "The corporations that can afford to use lawyers and experts in the financial statements, and may hold such tax deal, are playing the entire system," - said the US president.

The published "Panamanian files" mention more than 200 US citizens. Among them is financier Benjamin Wei, who has previously been accused of fraud with securities and money laundering. On Monday, it became known that US Tax Service is carrying out its own investigation into the "Panamanian files". In addition, tax authorities advised US citizens to disclose information on the use of offshore companies before tax authorities themselves will get to know it. "People hiding their assets in offshore must recognize that the situation is changing, and the world has witnessed obvious progress in the area of disclosure of tax information, - said the tax service in a statement. - Now the best way to get out of this situation is to tell everything and take part in a special program of our service for voluntary disclosure of information about the presence in the offshore. " 

source: theguardian.com

Science & Technology

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

Workers Would Be Helped To Lift More By These Robotic Vests

British Parliament to assess impact of e-cigarettes

Wind energy will provide 30% of Europe's needs by 2030

A Major Platform For Artificial Intelligence Is Its Mobile Devices: Apple

Rumor: Apple will release a budget version of iPhoneX

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

World Politics

World & Politics

Japan demands to lift embargo on food from Fukushima

Bernard Arnault clarifies on Le Monde’s “Paradise Paper” report

South Korea and the U.S. present a united front against the North Korean leadership

Europe is preparing an alternative to NATO

Ten smartest cities in the world

Parties of Germany seek a common ground to create a coalition

Special counsel Robert Mueller’s Russian probe could see its first arrest today

Losing Steam Is North Korea’s Relationship With China – The Former’s Sole Ally