Panama Papers Prime Minister David Cameron and his family will not benefit “in future” from any offshore funds or trusts, No 10 says April 6, 2016 David Cameron and his family will not derive any benefit in future from any offshore funds or trusts, a government spokesperson said today, after the Prime Minster's late father was named in the documents leaked from law firm Mossack Fonseca. The data leak details how the Panamanian company helped thousands of people hide their riches [...]
EU referendum: Will the Dutch referendum impact on the UK’s EU vote? April 6, 2016 After more than 450,000 people signed a petition, the Netherlands will today turn up to the polls in a referendum of their own on the EU-Ukraine deal. Just weeks before the UK's referendum, the vote on the EU-Ukraine Association Agreement has the potential to send shockwaves through Europe. Indeed, if the Netherlands votes against the agreement in [...]
EU referendum: How MPs’ backgrounds show they will vote April 5, 2016 It's often said there are too many career politicians in parliament, those who don't fully understand the lives of those they represent. And as the public makes up their minds on the EU referendum, so to do those who sit in parliament. It is of interest, then, that just 16 per cent of MPs who [...]
Panama papers law firm founders begin damage limitation April 5, 2016 The founders of the law firm at the centre of the Panama papers tax evasion scandal have begun damage limitation, calling the investigation a "media witch hunt". In an interview with the Financial Times, Mossack Fonseca founder Ramon Fonseca said the disclosure was undermining legitimacy of offshore companies. Fonseca blamed hackers, and adding that in the [...]
Surprise, surprise: New survey reveals people in Europe want to work in Britain April 5, 2016 Britain is the top destination for European job hunters hoping to launch a career abroad, an analysis of searches by recruitment firm, Indeed, has revealed, while those already here are the least likely in Europe to want to work in another EU country. The research – out today – which looked at millions of jobs [...]
Panama Papers: Jeremy Corbyn says it’s “time to get tough on tax havens” as he attacks government’s record on steel April 5, 2016 In the wake of the Panama papers leak Britain has a huge responsibility and it is time to get tough on tax havens, Jeremy Corbyn has said. As the Labour leader launches his party's English local election campaign, he will say that many of the tax havens are British overseas territories or crown dependencies which need to be clamped [...]
EU referendum: Remain campaign overtakes Leave but results show turnout will determine the result April 5, 2016 Remain has overtaken Leave in the EU referendum, but the outcome will depend on which side can garner better turnout amongst their supporters, according to a new poll. An OBR poll for the Telegraph found that 51 per cent of voters now support Remain, an increase of four per cent from last month. Meanwhile, Leave [...]
Panama Papers: HMRC gears up for Mossack Fonseca data leak fallout April 4, 2016 Global tax authorities are gearing up to deal with the fallout from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonseca – as legal experts warn that any entity with business dealings in the Central American country could potentially find itself receiving a knock on the door from HM Revenue & Customs (HMRC). [...]
English football clubs have never been in better financial health, says study April 4, 2016 English football clubs have left their overspending days behind them and have never been in better financial shape, according to a new study by insolvency firm Begbies Traynor. Increasing revenues from television contracts allied with so-called financial fair play rules, which have forced clubs to live within their means, have slashed the number of teams [...]
Who leaked the Panama papers? April 4, 2016 How do you leak 2.6 terabytes of data? That's 11.5m records, 4.8m emails and 2.1m PDFs – 40 years worth of data, about 214,000 offshore entities and numerous famous names and faces and how they secretly arranged their taxes. The Panama papers leak is the biggest in history – but how did it ever get leaked and who was [...]