Wednesday, October 20

Investigation of top politicians begins after revelations of Pandora’s papers – E24

In the Czech Republic, the police will investigate their own prime minister, while the Pakistani prime minister will investigate his own finance minister. Now begins the search for tax refugees in the corridors of power.

Czech police say they will investigate Czech citizens mentioned in Pandora newspapers. This includes the country’s own prime minister, Andrej Babiš.

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On Sunday, Aftenposten / E24 was able to reveal new leaks that show how the richest and most powerful in the world hide huge fortunes in tax havens.

The work has been possible in the filtration of international documents Pandora papers.

The leak shows, among other things, that 35 heads of state, more than 300 politicians and 130 billionaires have used tax havens to hide wealth and businesses.

The revelations are generating strong reactions around the world.

I will investigate the disclosures

In several countries, it is now announced that the cases will be investigated.

Czech Prime Minister Andrej Babiš is one of those who can get the police to the door. Among other things, he has bought properties in France for many millions of dollars. It has concealed transactions through tax havens.

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The “Czech Donald Trump” has a secret castle in France

Czech police report Twitter they will investigate the matter. They say they will “take action” after the revelations, not only against the prime minister, but against “all Czech citizens named in the case.”

It won’t be the first time the police have seen it on the cards. Babiš has also previously been investigated for fraud and charged with tax evasion. As a result, he resigned as finance minister in 2017.

The new revelations come even amid the hustle and bustle of the Czech election campaign. The election will take place on Fridays and Saturdays.

On Twitter, Babiš denies doing anything illegal. However, he says the disclosures are an attempt to influence the election.

In a live electoral debate, the Prime Minister claimed, to the laughter of the public, that the accusations were constructed by an international mafia.

Pakistani Prime Minister Imran Khan has created a committee to investigate the 700 Pakistani citizens who appear in Pandora newspapers. Among them are several ministers from his own government.

According to ICIJ The governments of Mexico, Spain, Brazil, Sri Lanka, Australia and Panama promise to do the same.

EU removes tax havens from blacklist

Both Babiš and Cyprus President Nicos Anastasiades, who is also mentioned in the leak, are leaders of EU countries.

Several members of the European Parliament are now highly critical of the union’s work against tax evasion and secrecy. Informs The Guardian.

– The leaks of Pandora’s papers have revealed once again that the fight against tax havens and letterbox companies has limited progress. The current method of exchanging pretty cards is not good enough. We need sanctions that are dissuasive.

This is what Markus Ferber, fiscal policy spokesman for the European People’s Party and Member of the European Parliament, says.

In 2017, the 27 EU finance ministers submitted a blacklist of countries and territories that they considered tax havens. This has been criticized for not being comprehensive enough.

On Tuesday, however, finance ministers decided to remove three areas, Seychelles, Anguilla and Dominica, from the list.

The European Parliament will meet on Wednesday to discuss the revelations of Pandora’s papers.

Believe that the “tomato scandal” is built

The leak also revealed that King Abdullah of Jordan purchased property in the United States and Britain through tax havens.

Read on E24 +

Leaked documents reveal secret luxury estates of Jordan’s king

in a castle declaration The royal family rejects the accusations that they were designed to destroy the king’s reputation. At the same time, they believe that there is nothing “unusual or inappropriate” in the acquisition of the properties by the king. Purchases were to be kept secret for security reasons, according to the statement.

The Jordanian royal family denies that King Abdullah did anything wrong by hiding property investments of more than 900 million crowns in tax havens.

The country has limited freedom of expression, and on social media, users have been divided in their opinions on the revelations. While many criticize the king for the huge and secret investments, many come out and dismiss the accusations as false.

Pandora is similar to the Arabic word for tomato, bandoora. Therefore, the revelations about King Abdullah are called the “tomato scandal” on social media.

Several US states are tax havens

On Tuesday, White House Press Secretary Jen Psaki came out and emphasized President Joe Biden’s efforts to make the global financial system more open. Informs The Washington Post.

– The president has made it clear that he wants a fairer tax system and will crack down on people who do not pay their share, whether they are individuals or companies, he says.

At the same time, the leaks show that several US states have become attractive places to invest their wealth and hide businesses. States like South Dakota, Alaska, Delaware, Nevada and New Hampshire compete to offer customers and businesses financial secrecy and low taxes.

The Washington Post has made one US states review linked to the material of Pandora’s papers. It shows that nearly 30 trusts in the state of South Dakota may be linked to individuals or businesses accused of fraud, bribery, or human rights violations.

Read on E24 +

For years, Americans have condemned tax havens. Billionaires now hide their money in the middle of the United States.

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