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Prosecutions unlikely after Panama Papers

Thursday, April 14, 2016

The Panama Papers may succeed in embarrassing individuals linked to offshore financial centres, but popular demands for prosecutions are unlikely to be satisfied, despite suspicions of mass tax evasion.

The recent leak of more than 11 million documents, exposing a network of offshore companies set up in tax havens, is unprecedented, but tax professionals say it will fail to deliver tax evaders to the clutches of the authorities.

Source: Financial Times