Since the financial crisis, Greece has been beefing up its tax collection system: widespread evasion and fraud means its tax yield is way too low. If everybody paid what they should, revenue could rise by about 10 billion euros a year.
Putin nemesis Bill Browder was arrested then released in Madrid over a Russian Interpol warrant. Browder accused Moscow of abusing Interpol's warrant system.
Jerome Cahuzac, who once led a French government crackdown on tax evasion, has been found guilty of that same crime. According to a Paris court, his method of evasion surpassed other cases.
Greek authorities are investigating the Swiss pharmaceutical giant Novartis over allegations of bribery and price inflation. One minister has said these could involve 'illegal earnings of over four billion euros.'
Iceland is holding snap polls with the anti-establishment Pirate Party tipped to topple the ruling coalition. Voters are expected to punish the ruling coalition implicated in the Panama Papers global tax evasion scandal.
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