Arab Today, arab today mass leaks \reveal secret world of tax havens\
Last Updated : GMT 21:20:14
Arab Today, arab today
Arab Today, arab today

Mass leaks \'reveal secret world of tax havens\'

Arab Today, arab today

Arab Today, arab today Mass leaks \'reveal secret world of tax havens\'

London - AFP

Millions of emails and leaked records from offshore tax havens have exposed the identities of thousands of holders of offshore accounts, including the family of the president of Azerbaijan and French President Francois Hollande\'s one-time campaign treasurer, the Guardian and Le Monde newspapers reported on Thursday. The alleged involvement of Jean-Jacques Augier adds to the pressure on Hollande, who is already on the defensive after his former budget minister Jerome Cahuzac was charged in a tax fraud probe. Britain\'s Guardian said the information came from a leak of two million documents and emails which mainly concern the British Virgin Islands, but also the Cayman Islands. The investigation into offshore accounts has been carried out by a variety of media organisations in conjunction with the Washington-based International Consortium of Investigative Journalists (ICIJ). The Guardian says there is no suggestion that any of the individuals named in its report have behaved unlawfully and that the only thing they have in common is that \"they have used a jurisdiction which provides them with secrecy\", allowing them to avoid tax. One of Mongolia\'s most senior politicians, former finance minister Bayartsogt Sangajav, told the ICIJ he was considering resigning after the study claimed he had set up an offshore entity and a secret Swiss bank account which at one point contained more than $1 million (780,000 euros). \"I shouldn\'t have opened that account. I should have included the company in my declarations,\" he said. \"I should probably consider resigning from my position.\" The Guardian said three entities were set up in the British Virgin Islands in 2008 in the names of Azerbaijan President Ilham Aliyev\'s daughters Arzu and Leyla. The companies list Hassan Gozal, a wealthy businessman whose company has won major contracts in Azerbaijan, as a director. None of the parties involved made any comment. The Guardian and French newspaper Le Monde reported that Augier, who controlled the purse strings for the last year\'s election campaign of President Hollande, holds shares in two companies registered in the Caymans, including a distributor based in China. Augier told Le Monde he had done \"nothing illegal\" and said they had been set up to form partnerships with foreign entrepreneurs. But the report is another headache for Hollande, who is reeling after Cahuzac, his former budget minister, was charged in a tax fraud probe after he admitted having a secret foreign bank account which he had repeatedly denied having. Another case cited by the Guardian was the wife of Igor Shuvalov, a businessman close to President Vladimir Putin who has been first deputy prime minister since 2008, who is recorded as setting up several offshore companies. Olga Shuvalova made no comment. The ICIJ\'s exploration of offshore accounts began when it obtained a hard drive packed with corporate data as a result of Australia\'s Firepower scandal, a case involving fraud and offshore havens. The European Commission reacted to the reports by calling on EU states to do more to tackle tax fraud, estimating it costs their cash-strapped governments around one trillion euros a year. \"For the Commission, there can be no exceptions whether for individuals, companies or third countries who ... abet tax evasion,\" Commission spokesman Olivier Bailly said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mass leaks \reveal secret world of tax havens\ Arab Today, arab today mass leaks \reveal secret world of tax havens\

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday