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The Panama Papers form a leaked set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies, including the identities of shareholders and directors. The documents identify (as directors and shareholders of such companies) current government leaders from five countries — Argentina, Iceland, Saudi Arabia, Ukraine and the United Arab Emirates — as well as government officials, close relatives and close associates of various heads of government of more than 40 other countries, including Brazil, China, Peru, France, India, Malaysia, Mexico, Pakistan, Russia, South Africa, Spain, Syria and the United Kingdom. Comprising documents created since the 1970s that amount to 2.6 terabytes of data, the papers were supplied to the Süddeutsche Zeitung in August 2015 by an anonymous source, and subsequently to the U.S.-based International Consortium of Investigative Journalists (ICIJ). The papers were distributed to and analyzed by about 400 journalists at 107 media organizations in more than 80 countries. The first news reports based on the set, along with 149 of the documents themselves, were published on April 3, 2016, and a full list of companies is to be released in early May 2016.

Panama Papers Series

To really tackle corporate tax evasion we need a public register

Sep 12, 2016 02:05 am UTC| Insights & Views Politics

The Australian government shouldnt rely on leaks like that of the Panama Papers to pick up on tax evasion, it should consider stronger action. The federal government showed some leadership earlier this year by...

Panama Papers Series

Why British law doesn't necessarily apply in overseas territories

May 05, 2016 16:59 pm UTC| Law

Until the Panama Papers scandal broke, it would have been easy to think that the widest possible definition of the United Kingdom is England, Wales, Scotland and Northern Ireland. But the territory is much wider than that ...

Panama Papers Series

Panama Papers revelation: we must rethink data security systems

May 04, 2016 12:31 pm UTC| Insights & Views

The surge of information leaks from highly confidential sources in recent years demonstrates the futility of current cyber defenses. The leaks of U.S. diplomatic cables, Office of Personnel Management data, CIA...

Panama Papers Series

Should tax collection be privatised?

Apr 20, 2016 06:08 am UTC| Insights & Views Business Law

The release of the Panama papers is yet to reach its endgame, but there are some clear truths we can take from it. People or businesses who dont pay their taxes whether deliberately or through ignorance undermine state...

Panama Papers Series

Did you cheat on your taxes? Here's why your days may be numbered

Apr 18, 2016 04:28 am UTC| Insights & Views Law

The so-called Panama Papers span thousands of pages, revealing that many of the worlds elite have been hiding their money in offshore accounts in an attempt to shield their income from taxes. Their release the biggest...

Panama Papers Series

Why Europe's new tax initiative is a big deal

Apr 15, 2016 15:16 pm UTC| Insights & Views Law

Public outcry over revelations in the Panama papers about global levels of tax dodging has led to political action. Europes five largest economies the UK, France, Germany, Italy and Spain have agreed to new transparency...

Panama Papers Series

Should all politicians publish their tax returns? Here's what we might find

Apr 14, 2016 08:04 am UTC| Insights & Views Law Politics

Public pressure has forced Britains prime minister, David Cameron, to publish a summary of his taxable income, and a string of UK politicians have followed suit. The moves comes in the wake of the Panama Papers data leak,...

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Economy

Hyundai Glovis buys GEAA car auction dealer to sell used vehicles online and expand its business in the US.

Hyundai Glovis Co. Ltd. purchased a 100% stake in Greater Erie Auto Auction, a Pennsylvania-based vehicle dealer that operates a used car auction in the United States. The South Korean logistics company headquartered in...

Peloton is bringing its bikes to all Hilton hotels in the US through a partnership agreement.

Peloton has signed a deal with Hilton Worlwide Holdings Inc. to bring its exercise bikes to the hospitality firms hotels across the United States. The partnership will put at least one bike at each of the hotels being...

If approved by SAMR, the formula will give Bubs access to the remaining 80 percent of China’s $25.9 billion infant formula market.

Bubs Australia will manufacture and distribute Bubs Chinese-label goat milk infant formula in China according to new Chinese standards. under an agreement with Heilongjiang Ubeite Dairy Group (HUG). The new standards...

Sukyoung Textile worked for the intermediate agency but Nike made every business decision, including production methods.

Nike and other foreign companies could easily evade the fair trade law in South Korea even if they exploit their dominant position over domestic subcontractors by abusing them, according to a lawmaker. According to Rep....

This service allows users to control their avatar in a metaverse-based virtual model house.

The South Korean construction industry is using metaverse technology as an option for building and operating expensive real model houses and reaching a wider customer base Lotte Engineering Construction Co. rolled out...

Politics

Zelenskyy signed the decree that would leave the door for dialogue with Russia but ruled out talks with Vladimir Putin.

The war Russia has waged on Ukraine since invading back in February continues in its seventh month. Amidst the advances Ukrainian forces have made, President Volodymyr Zelenskyy signed a decree that deemed potential peace...

The launch was the first missile fired over Japan in five years, prompting residents to take cover.

North Korea launched a ballistic missile this week in what would be its fifth test in a span of 10 days. The launch was met with widespread condemnation as residents were advised to take cover. Pyongyang fired a...

Secretary of State Antony Blinken held calls with his Japanese and South Korean counterparts, condemning the launch that marked the fifth test in 10 days.

US Secretary of State Antony Blinken and his counterparts from South Korea and Japan have condemned the recent missile launch by North Korea over Japan. The foreign ministers also criticized Pyongyangs disregard for the UN...

Khamenei also accused Israel and the US of trying to destabilize Iran and derail its progress.

Iranian Supreme Leader Ali Khamenei sought to blame its rivals Israel and the United States for the ongoing protests in the country over the death of 22-year-old Mahsa Amini. Khamenei accused the two countries of trying to...

Science

The NPS has been focusing on anthocyanins, the antioxidant-rich pigments that give blackberries and blueberries their signature shades.

The US Department of Agriculture approved the genetically modified purple tomato to extend its shelf life and boost nutritional quality almost 15 years after its development. According to biochemist Cathie Martin, she...

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

Technology

EU mandate will force Apple to ditch the Lightning port by late 2024

The proposed policy to standardize USB-C chargers for electronic products has been approved in a deciding vote by members of the European Parliament on Tuesday. Considering Apples long-running insistence on keeping the...

Sony will produce two million PS VR2 units in anticipation of higher demand

The next generation of PlayStation VR headsets will enter the market in a few months, and it is anticipated to be more popular than its predecessor. The high expectations for the product are reportedly evidenced by the...

Leaked Pixel Watch 'Active' bands will cost $49, but the more expensive metal bands will launch at a later time

Google was previously reported to be working on several types of bands for the upcoming Pixel Watch. And it appears that at least two of them have already leaked online with only a few days left before the Made by Google...

TikTok live shopping feature is reportedly heading to North America

TikToks live shopping feature is expected to launch in more regions before the year ends. The social media giant is reportedly making arrangements to bring its in-app shopping tools to North America in time for the holiday...

Tencent reportedly takes an aggressive approach to gain major stakes in more gaming companies outside China

Tencent Holdings could be named a majority stakeholder in more gaming companies. The tech giant is reportedly aiming to replicate its recent deal with Ubisoft to expand overseas investments, following new regulatory laws...
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