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What do the people think about The Paradise Papers?

What are the Panama Papers?

Panama’s documents are 11.5 million disclosed documents ( The Paradise Papers)containing financial and legal information for more than 214,488 offshore units. Reports, some dating back to the ’70s, had prepared and approved by the Panamanian law firm Mossack Fonseca. And published in an anonymous source in 2015.

The documents contain personal financial information about rich people and officials who had previously detained privately. While offshore companies are legal, journalists have found that some of the ghost companies of Mossack Fonseca have used for illegal purposes. This includes fraud, tax evasion, and circumvention of international sanctions.

First Who leaked the Panama Papers?

The investigator of the Panama papers is ” Jhon Doe.” These documents had leaked first time in the newspaper of Süddeutsche Zeitung. This information leaked with the anonymous. There is no one knew that about the journalists who worked on the investigation.

What do the people think about The Paradise Papers?

The evasion of millions of business documents that specialize in the offshore banking sector has stirred India. In the midst of a campaign against untapped wealth, which has designated by the Narendra Modi government as “black money.”

With the 13 members of Trump’s GOVT, Over 700 Indians appeared in the newspapers, press agencies, including some of the country’s most famous players. And several members of the main opposition party, the Cong ress, and the Bharatiya Janata Party (BJP) regulation approached.

Jayanta Sinha, India’s Aviation Minister, the highest -ranked politician to appear.

According to Indian Express, Sinha was director of a solar company with a branch office in the Cayman Islands while working for a common fund.

Sinha took to Twitter to defend his work as entirely legal. And did so on behalf of his former company, not for personal reasons. Congress still calls it a “significant conflict of interest” and says it should resign.

Indian Celebrity – Amitabh Bachchan Amitabh Bachchan, one of the most famous actors in India. He was also on the list. As you know, “Big B” has appeared in ads throughout India to promote the new tax on goods and services in the country. Bachchan examined th e publication of Panama’s documents 18 months ago. And now according to reports, investigated by the country’s tax authorities. “ Aljazeera”

The revelations are even more embarrassing in a country where the government is desperately trying to increase the number of income taxes, currently just over 1%.

If the politicians of the ruling party can overcome extraterritorial accounts, ordinary Indians. Especially the minority whose wages entitled to income tax can question the severity of the extermination of illicit money by the government.

The European Tax Authorities Recognize that more Reforms Needed Pierre Moscovici, European Commissioner for Finance and Finance. Revealed that the revelations in the Paradise documents show that there are no additional measures to combat tax evasion.

After that, He said he had “outraged but not surprised� by the revelations. He added: “A lot has done at European level. But we have t o go even faster with the Member States.