Worthy Christian News » World News » Panama Papers blowback rocks world capitals


Panama Papers blowback rocks world capitals

Tuesday, April 5, 2016 | Tag Cloud

(Worthy News) - A world of blowback descended on capitals from Moscow and Riyadh to Washington and Reykjavik Monday a day after the publication of the so-called "Panama Papers" exposed the offshore and potentially illegal financial dealings of dozens of wealthy, famous and powerful people around the world.

Prosecutors in several European nations, including France and Spain, announced the opening of formal legal probes, and the Obama administration said the global expose orchestrated by a Washington-based investigative group underscored the need for greater transparency in the global financial system.

But the effects were still sinking in around the globe, including in the United Kingdom, where Prime Minister David Cameron, who hosts a global summit on financial corruption next month, came under fire amid questions about the extent to which his late father may have avoided paying British taxes for three decades. [ Source ]

The story behind the massive Panama Papers leak - USA Today

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » World News » Panama Papers blowback rocks world capitals

Leave a Comment

Worthy Christian News » World News » Panama Papers blowback rocks world capitals