PANAMA PAPERS:More than 16,000 Taiwanese appear in Panama Papers

Taipei Times
Date: Apr 05, 2016
By: Lisa Wang / Staff reporter, with AP

More than 16,000 Taiwanese investors’ offshore account details were published yesterday in a massive document leak by the International Consortium of Investigative Journalists (ICIJ), the ICIJ Web site showed.

The documents, dubbed the “Panama Papers,” showed how Panama-based law firm Mossack Fonseca allegedly helps its clients avoid taxes and skirt financial oversight.

The ICIJ Web site said the firm has about 16,785 Taiwanese clients, including individuals and enterprises. Based on more than 11.5 million leaked files, the investigation has exposed people who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking, the ICIJ said on its Web site.

Mossack Fonseca worked with more than 14,000 banks, law firms, corporations and other go-betweens to set up companies, foundations and trusts for clients, the ICIJ said.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.