The European Union expanded its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda despite the objections of powerful member states.
The decision, which will see Panama being among the eight, has not been universally welcomed, with some saying that the credibility of such a blacklist has been damaged barely months after it was created.
The Paradise Papers published by the International Consortium of Investigative Journalists shows the offshore holdings of global elites.
The admission by Denmark's government that it will pay to buy the leaked Mossack Fonseca files can put pressure on other countries to go after tax evaders in a similar way.
Police raid Mossack Fonseca's property recovering shredded papers as evidence
Panamanian PM Juan Carlos Varela states that Panama will accept international tax reporting standards by 2018 in order to improve transparency of its financial system
Spain's acting Industry Minister Jose Manuel Soria resigns after his alleged links to offshore deals were revealed in Panama papers
Panama's attorney general raids law firm Mossack Fonseca to search for evidence of potential illegal activities
Panamanian law firm hit by leak of offshore financial data says investigators have not approached them yet
Mossack Fonseca which is at centre of 'Panama Papers' scandal has its offices raided by authorities in El Salvador
British Prime Minister David Cameron declines to comment on whether his father ran offshore investment funds in Panama
Head of Panamian law firm Mossack Fonseca says company was victim of an outside hack
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.