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The Panama Papers Reading List

Introduction People Data Game
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Pakistan's PM Leaves Country, Spanish Minister Resigns

Nawaz Sharif faces growing pressure and calls for his resignation, a Spanish minister has stepped aside, and more governments are pledging reform as fallout from the Panama Papers revelations continues.

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Panama Police Raid Mossack Fonseca As Global Fallout Continues

The search of Mossack Fonseca's Panama headquarters comes after a number of raids and official action taken in response to the Panama Papers revelations.

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Global joint investigation to be proposed at special tax meeting

Tax officials from 28 nations met in Paris to develop a strategy for collaborative action based on Panama Papers revelations.

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British PM Announces New Transparency Measures Following Panama Papers Revelations

David Cameron appeared before parliament on Monday to address concerns about his own links to offshore holdings revealed in the Panama Papers, as well as announce reform aimed at boosting transparency.

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The Art of Secrecy

Locked in the files of a Panama law firm are the answers to mysteries involving Van Goghs, Picassos, Rembrandts and other masterworks.

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Panama Papers Spark High-Level FIFA Resignation and Swiss Police Raid

Swiss police searched the office of Europe's top soccer association and a member of FIFA's ethics panel resigned following Panama Papers revelations.

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Leaked Files Offer Many Clues To Offshore Dealings by Top Chinese

Eight current and former members of the Politburo Standing Committee, the country's top decision makers, have relatives with secret offshore companies.

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Spies and Shadowy Allies Lurk in Secret With Help From Offshore Firm

Firm helps CIA operatives and other characters — real or fanciful — from the world of espionage set up offshore companies to obscure their dealings.

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Iceland Prime Minister Tenders Resignation Following Panama Papers Revelations

The prime minister of Iceland said he would resign following mass protests triggered by reports from ICIJ and partners that he had owned an offshore company in the British Virgin Islands with his wife.

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Law Firm’s Files Include Dozens of Companies and People Blacklisted by U.S. Authorities

Global law firm’s customers include suspected financiers of terrorism, nuclear weapons proliferators and gunrunners.

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How Family that Runs Azerbaijan Built an Empire of Hidden Wealth

Documents peel away three layers of secret ownership in a conglomerate and lead to gold mines and overseas real estate.

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Global Banks Team with Law Firms To Help the Wealthy Hide Assets

Leaked records show that hundreds of banks and their subsidiaries and branches registered nearly 15,600 shell companies.

About this project

The Panama Papers is an unprecedented investigation that reveals the offshore links of some of the globe’s most prominent figures.

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All Putin’s Men: Secret Records Reveal Money Network Tied to Russian Leader

Complex offshore financial deals channel money and power towards a network of people and companies linked to President Vladimir Putin.

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Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption

Millions of documents show heads of state, criminals and celebrities using secret hideaways in tax havens.

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Panamanian Law Firm Is Gatekeeper To Vast Flow of Murky Offshore Secrets

Files show client roster that includes drug dealers, Mafia members, corrupt politicians and tax evaders — and wrongdoing galore.

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Leak Ties Ethics Guru to Three Men Charged in FIFA Scandal

Secret documents show how deeply the world of soccer has become enmeshed in the world of offshore havens.

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Iceland’s Prime Minister Ducks Question But the Answer Catches Up with Him

He came to power after the country’s financial collapse while hiding his offshore holdings of millions in bonds from Icelandic banks.

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How the One Percenters Divorce: Offshore Intrigue Plays Hide and Seek with Millions

Firm that practices no matrimonial law nonetheless plays big role when the superrich around the globe decide to split.

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Pakistan's PM Leaves Country, Spanish Minister Resigns

Nawaz Sharif faces growing pressure and calls for his resignation, a Spanish minister has stepped aside, and more governments are pledging reform as fallout from the Panama Papers revelations continues.

By

Pakistan’s Prime Minister Nawaz Sharif, facing calls for his resignation as a result of his family’s holdings in offshore companies, checked himself into a London hospital this week, setting off speculation that he might not return to Pakistan until the furore dies down.

The outcry against the prime minister was touched off by revelations in the Panama Papers that his daughter and two of his sons controlled shell companies through which they had acquired expensive London real estate.

Political opponents have called for his resignation and a judicial commission investigation of his offshore affairs.

Sharif ‘s departure for London was sudden, and described as a trip for a cardiac medical check-up. Rumours began circulating shortly after that he may not return to Pakistan until after investigations into the Panama Papers allegations against his family were complete. Government officials denied this, and said Sharif was due to return on Sunday. According to news reports, the Pakistan government also denied reports that Sharif was seeking support in London from former president Asif Ali Zadari.

One of Sharif’s leading political opponents, former cricket star Imran Khan, arrived the same day the prime minister checked into the hospital. Khan said he was looking into hiring a financial investigative agency to pursue the issue of Sharif’s family members’ offshore holdings.

Also facing pressures because of his offshore holdings, Spain’s minister of industry resigned on Friday.

José Manuel Soria had previously vehemently denied any ties to an offshore company cited in the Panama Papers and reported by online newspaper El Confidencial and television station La Sexta.

“I totally deny that I have anything to do with any company based in Panama, or any other tax haven,” he said earlier in the week.

However Spanish media caught the minister in a series of lies about his involvement in offshore companies, which culminated with newspaper El Mundo proving the minister was director of a Jersey-based company up to 2002, when he was already into politics.

Soria, whose ministry also included energy and tourism, hasn’t been accused of wrong-doing. Announcing his resignation on Friday, he said he was stepping down because of “the succession of mistakes committed along the past few days, relating to my explanations over my business activities… and considering the obvious harm that this situation is doing to the Spanish government.”

In other reaction to the Panama Papers investigation, five European nations agreed to share tax and law enforcement data. The agreement included the United Kingdom, Germany, France, Italy and Spain, but critics said it would take the cooperation of the United States and other nations to make it work.

Panama also reversed itself and said it would adopt international tax reporting standards, according to the Organization for Economic Cooperation and Development’s Secretary General José Ángel Gurría.

But Gurría also sounded a note of caution: “If that is the case, and if they do it in whole, that is very good news indeed,” he said. But he added that it was a question of follow-up.

It’s not the first time Panama has made the pledge: the country had previously assured the OECD it would adopt the reporting standards, but then reversed course in February, 2016.

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