Britain and the Panama Papers: What you need to know
April 4, 2016 - Uncategorized
LONDON — A huge leak of millions of documents from Panamanian law firm Mossack Fonseca has shone a light on secret offshore holdings from 128 politicians and public officials across the globe, including the UK.
Dubbed the Panama Papers, the year-long investigation into the rich and the powerful has named former Tory Members of Parliament, party donors and Prime Minister David Cameron’s late father.
While dealing with offshore business is not illegal, the massive leak is likely to raise ethical questions over tax avoidance. Read more…