Germany is the eighth most popular tax haven on the planet? Markus Meinzer from the international Tax Justice Network talks about the reasons for growing fiscal inequity in Germany.
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.
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.
The Panama Papers have revealed a vast network of dubious offshore companies, ostensibly used to hide depositors' money from tax authorities. Politicians have been trying for years to shut down such oases.
On the heels of the Panama Papers release, Europe's five biggest countries have jointly called for tax haven transparency and have asked the G20 to support the proposal.
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