For years, Achim Pross of the OECD in Paris has been pursuing tax evaders around the world. But Panama never went along with his international tax cooperation agreement which enables automatic data sharing -- until now.
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.
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.
David Cameron has hosted "an all-out assault" on corruption in London. But NGOs said the UK, whose overseas territories amount to a third of the world's tax havens, is in a unique position to do much more.
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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