Worldcrunch
Even Russians are unlikely to have noticed that since Vladimir Putin came to power some 25 years ago, the biography the Kremlin presents of him has been repeatedly altered. A new investigation revealing details about his two sons is but an exception in a long history of authorities carefully hiding facts and evidence about Putin’s life and his relationship with his family and friends — and the Russian people.
The biggest firms and richest people in the world have the money states need to invest in services that can improve the lives of billions of people. That could help stop a collective slide into acute social and political tensions.
Andrei Akimov runs state-controlled Gazprombank and is part of the Russian leader’s inner circle, aligned with the condemnation of the “collective West” conflict. He also oversees a web of luxury holdings across the same West, thanks to schemes to hide behind the names of relatives.
Before this week, few outside of France knew his face. But no doubt, millions have been busy Google-Image-searching the name “Guillaume Canet.” Yup, bel homme. He is also an accomplished actor and director, and happens to be the husband of the already internationally known French actress, Marion Cotillard. And that, as you are disturbingly likely […]
-Analysis- MUNICH — Where is Muammar Gaddafi’s money? Rebels pulled the Libyan dictator from a sewage pipe in his hometown of Sirte on October 20, 2011. He was bleeding from his head, and rebels and bystanders joined in beating him and clubbing his groin with a bayonet. Shortly thereafter, this bird of paradise among African […]
Sergei Magnitsky died on Nov. 16, 2009 in a solitary confinement cell of the infamous Matrosskaya Tishina Prison in Moscow. He was 37. His death rocked U.S.-Russia relations and sanctions were put in place by Washington, followed by countermeasures from Moscow. Magnitsky had been a lawyer and auditor and, while working for the investment company Hermitage Capital, had uncovered an alleged case of fraud amounting to several million U.S. dollars. According to his research, Russian civil servants had, in conjunction with criminals, managed to steal $230 million from the treasury and transfer it abroad through a very complex web of […]
You won’t find it on any map of the world nor see it mentioned in any geography book. And yet it certainly exists. In the middle of the North Sea, surrounded by nothing but waves and wind, is the smallest self-proclaimed state in the world. The Principality of Sealand, as its inhabitants call it, is […]
MOSCOW — Alexey Navalny is one of most prominent opponents of the Russian government of Vladimir Putin. The 39-year old lawyer and head of the Moscow-based NGO Anti-Corruption Foundation first came to prominence through a blog that takes direct aim at alleged malfeasance by Putin and his associates. We spoke with him in his Moscow […]
The former capital of letterbox companies has reinvented itself, minus the tax evasion. Liechtensteiners are discretely delighted by Panama’s troubles.
ARE DILMA’S DAYS NUMBERED? Photo: Agencia Estado/Xinhua/ZUMA Brazilian President Dilma Rousseff will face what promises to be a dramatic impeachment after a committee in Brazil’s lower house voted in favor of removing her from office last night. Folha de S.Paulo reports that the committee panel vote came after an investigation into accusations that Rousseff had […]
CAMERON RELEASES TAX INFO British Prime Minister David Cameron released information from his 2009-2015 tax returns yesterday in an attempt to defuse controversy about how he profited from his late father’s offshore fund, The Independent reports. The details about the family’s investment company were leaked last week in the so-called Panama Papers. CIA WILL NOT […]
A French economist specialized in tax havens says only tough new international standards can eliminate the many gray areas that allow the wealthy to pay by their own rules.
WORLD LEADERS SWEAT IN PANAMA SPOTLIGHT The global fallout continues, four days after the massive leak of documents linked to a Panama firm specialized in offshore financial operations. So far, there has been just one clear high-profile political casualty: Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson, who stepped aside on Tuesday — but the heat is […]
There may be only one thing super-rich men fear more than the tax authorities, and it’s a wife gearing up for divorce. Panama has havens for that too.
PANAMA PAPERS, THE CHINESE CONNECTION The latest revelations to emerge from the Panama Papers focus on the family members of top China Communist Party members, including the brother-in-law of President Xi Jinping, Bo Xilai’s wife and a distant relative of Mao Zedong. According to The Guardian, these relatives are part of China’s “red nobility,” “whose […]
While most attention has been devoted to the VIPs and politicians cited in the leaked documents of the Panama shell-company firm, most of the people turning to tax havens look much more like you and me.
Wednesday’s front page of Icelandic-language daily Fréttablaðið shows Iceland’s embattled Prime Minister Sigmundur David Gunnlaugsson being asked questions by journalists in Reykjavik’s Althing, the national parliament, as the future of the ruling coalition is uncertain in the wake of the Panama Papers scandal. Gunnlaugsson had apparently resigned yesterday amid the uproar of the Panama Papers […]
CRUZ’S BIG WIN OVER TRUMP, SANDERS TOPS CLINTON The Republican party’s improbable presidential frontrunner Donald Trump suddenly looks vulnerable after a stinging double-digit loss to Texas Senator Ted Cruz in the Wisconsin primary. The New York Times reports that by early today Cruz had received 48% of the vote to 34% for Trump. Wisconsin also […]
COUNTRIES LAUNCH POST-PANAMA PAPERS PROBES After yesterday’s first reports into the massive leak of confidential documents from law firm Mossack Fonseca, known as “the Panama Papers,” several countries have launched investigations into allegations of money laundering and tax fraud, the BBC reports. Among those countries are Australia, Austria, France, Spain, the Netherlands and even Panama. […]
“Fiscal Terrorism,” the front page of this week’s satirical French weekly Charlie Hebdo reads in the wake of the Panama Papers leak, which implicates heads of state and other wealthy notables in a global money laundering and tax avoidance scandal. In parodic reference to last year’s Charlie Hebdo terror attacks, after which “Je suis Charlie” […]
MUNICH — Over a year ago, an anonymous source contacted Süddeutsche Zeitung (SZ) with the following exchange: Hello. This is John Doe. Interested in data? SZ: We’re very interested. JD: There are a couple of conditions. My life is in danger. We will only chat over encrypted files. No meeting, ever. The choice of stories […]
MUNICH — What would become far and away the largest leak of information in newspaper history began more than a year ago, when an anonymous source contacted Munich-based daily Süddeutsche Zeitung. The leak consisted of encrypted internal documents from Panama law firm Mossack Fonseca, which sells offshore shell companies to clients around the world who […]