The leak of 11.5 million files from Panama-based law firm Mossack Fonesca, organised by the International Consortium of Investigative Journalists (ICIJ), will "provoke red faces and furious denials", says the Financial Times. Mossack organised offshore accounts, firms and trusts for "hundreds of politicians, business and sports people, including 72 current or former heads of state". The records also include "at least 33 people and companies blacklisted by the US because of evidence of proscribed activities". Tax authorities globally have said they will "follow up allegations of tax evasion and money laundering".
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Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFsA year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
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What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt
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The true price of paradiseFeatures The so-called Paradise Papers have highlighted the use of far-flung remnants of the British Empire as tax havens. The bargain tax rates are looking increasingly costly, says Simon Wilson.
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We’ll all pay a price for these leaksOpinion Leaks such as the Paradise Papers reveal something very worrying, says Matthew Lynn. And it's not about those who have been caught up in the scandal.
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Don't chase the super-rich for tax, just simplify the systemFeatures It might seem fair for HMRC to chase the super-rich. But if the tax system were simpler, they might be less inclined to go looking for loopholes.
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The big government threat to big corporations – and small statesFeatures Apple's potential €13bn tax bill should sound a warning to investors, says John Stepek. Governments have finally worked out how to raid big multinationals' balance sheets.
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Politicians’ tax returns: who pays whatFeatures The country’s most high-profile politicians have been falling over themselves to show off their earnings and the amount of tax they paid. Here’s who got what.
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Time to duck: ‘government by headline’ is backFeatures David Cameron's dilemma over the Panama Papers is a symptom of our flawed tax regime. But it's what we're stuck with, says John Stepek. And it's going to get worse.
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The billionaire banker battling corruption charges in BrazilProfiles Already charged with corruption in Brazil, the Panama Papers is just the latest scandal to implicate Brazilian billionaire banker Joseph Safra.
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The mood music doesn't favour tax simplicityEditor's letter Don't expect a simpler, more transparent tax system anytime soon, says John Stepek. Thankfully, there still remains plenty of scope for sensible tax planning.
