Hidden fortunes have been exposed--the rich and powerful around the world are put under pressure. The so called Panama Papers have revealed the details of hundreds of thousands of holding companies.
Panama Papers disclosures have generated an extra €140 million in tax revenues for Germany, according to research by three media outlets. And that's with many hundreds of other evasion cases still unresolved.
The law firm at the center of the "Panama Papers" global tax evasion scandal has said reputational damage means it will be shutting down operations. Its clients included Argentinian soccer star Lionel Messi.
Officials and activists have decried a decision by EU ministers to remove several states from a tax haven blacklist. Among those delisted is Panama, less than two years after its secretive tax loopholes were leaked.
A court in Pakistan has handed a jail term to former PM Nawaz Sharif in a Panama Papers corruption case. Some analysts say the verdict will give Pakistan's powerful military more behind-the-scenes influence on politics.
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