France goes after tax evaders
ON THE EVE of the publication of the report of the independent committee set up by the government to review Panama’s financial services in the wake of the Panama Papers revelations, France becomes the latest country to investigate citizens with accounts with Panama law firm, Mossack Fonseca.
The French treasury will launch 560 tax inspections based on information published by various global media seven months ago in the so-called “Panama papers,” Efe news agency sources in the Ministry of Finance confirmed Thursday, Nov, 17
The country’s tax services will verify the situation of people who appeared in the release of alleged tax dodgers and the creation of opaque companies usingfinancial maneuvers to hide capital.
According to the newspaper “Le Monde“, which revealed The Panama Papers in France the controls have already begun and will now be done in a more systematic way.
The wave of controls comes after the International Consortium of Investigative Journalists (ICIJ) unveiled data on thousands of offshore companies created in tax havens by the Panamanian law firm Mossack Fonseca.
