4 ms·
Remind me, how many offenders exposed by the leak got prosecuted?
by trasz 4y ago
Remind me, how many offenders exposed by the leak got prosecuted?
- lelandfe 4y agoNot enough, but a lot more was done with it than we normally expect of this stuff. Turns out hard evidence of tax evasion actually causes action. > Countries have recouped more than $1.36 billion in unpaid taxes, fines and penalties[0] - Pakistan Supreme Court prime minister was removed from office and sentenced to 10 years and $10M fine - Iceland PM resigned - Former Malta PM charged with money laundering and fraud Those are the most high profile one, there are smaller guilty pleas, like four people charged in NY in 2018: https://www.justice.gov/usao-sdny/pr/four-defendants-charged-panama-papers-investigation https://www.justice.gov/usao-sdny/pr/four-defendants-charged... [0] https://www.icij.org/investigations/panama-papers/five-years-later-panama-papers-still-having-a-big-impact/ https://www.icij.org/investigations/panama-papers/five-years...
- hulitu 4y ago> Turns out hard evidence of tax evasion actually causes action. Only in some countries. In others they are using the privacy laws to operate further.
- lelandfe 4y agoIt's always true to some degree (the UK springs to mind). I still think the Panama Papers was the biggest catalyst to global financial transparency laws in my lifetime. Here in the US, Congress passed the Corporate Transparency Act[0], which certainly was borne on the back of the leak. [0] https://www.jdsupra.com/legalnews/the-corporate-transparency-act-cta-is-2670144/ https://www.jdsupra.com/legalnews/the-corporate-transparency...