Tax take from ‘Panama Papers’ probes exceeds US$1.2b: Report

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Tax take from ‘Panama Papers’ probes exceeds US$1.2b: Report
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FRANKFURT AM MAIN: Taxmen in 22 countries worldwide have raked in more than US$1.2 billion in fines and back taxes thanks to the 2016 “Panama Papers” ...

: Taxmen in 22 countries worldwide have raked in more than US$1.2 billion in fines and back taxes thanks to the 2016 “Panama Papers” leak of information about offshore dealings, media reported Wednesday.

German newspaper Sueddeutsche Zeitung — which received the massive leak of documents from Panamanian law firm Mossack Fonseca on which the investigation was based — reported Berlin has reaped US$183 million from related tax probes.

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