The "Panama Papers" show again that many wealthy people parked their money in tax havens. So, how does this system of shell companies work?
Germany's federal investigators have paid up to 5 million euros for the trove of documents at the center of the so-called Panama Papers leak. While controversial, the purchase of stolen bank data is legal.
Prime Minister Joseph Muscat called the snap election to quell ongoing corruption allegations linked to his family and associates. He has vowed to resign if any evidence of wrongdoing is uncovered.
Voters are going to the polls in Malta in early elections forced by allegations of corruption against the government. The vote comes toward the end of Malta's six-month presidency of the EU.
The Maltese government has reacted angrily after a German state's finance minister called the EU island state "Europe's Panama." Now officials are hunting down Germans allegedly using Malta to dodge the taxman.
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