Global investigations have begun into the tax arrangements of rich and powerful people around the world, following a massive data leak from a Panama-based law firm which revealed a vast network of offshore companies set up for clients including world leaders.The Australian Tax Office (ATO) said on Monday it was investigating more than 800 wealthy clients of Mossack Fonseca, the firm from whose files more than 11.5 million documents were leaked, and the British HM Revenue and Customs asked for a copy of the leaked data so it could “closely examine” the information and act on any possible tax evasion …read more
Source: VICE News
