Panama suspends Panama Papers investigation


News from Panama / Monday, January 30th, 2017

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The country’s attorney general has claimed the probe “has been taken away from us,” citing a legal challenge. The Supreme Court is expected to rule on whether to reactivate the probe into rampant tax avoidance.

The country’s attorney general has claimed the probe “has been taken away from us,” citing a legal challenge. The Supreme Court is expected to rule on whether to reactivate the probe into rampant tax avoidance.

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The revelations prompted mass protests in Iceland, which led to the country’s prime minister to resign.

Although offshore companies are not illegal per se, the Panama Papers launched a debate on rampant tax avoidance and money laundering.

This article was published by DW.com and can be seen here along with an interview on Tax Havens with the President of Panama, Juan Carlos Varela.