France in­ves­ti­gat­ing 560 tax­pay­ers after Panama Papers leaks

Malta Independent - - NEWS -

The French govern­ment is in­ves­ti­gat­ing the tax records of about 560 tax­pay­ers based on leaked doc­u­ments from a Pana­ma­nian law firm.

The bud­get of­fice of the Fi­nance Min­istry said yes­ter­day its ex­perts have stud­ied the leaked in­for­ma­tion and are now dig­ging deeper into 560 spe­cific cases. It didn’t iden­tify any of the tax­pay­ers in­volved.

Other coun­tries have an­nounced sim­i­lar in­ves­ti­ga­tions based on the Panama leaks, in­volv­ing doc­u­ments from law firm Mos­sack Fon­seca that ex­posed the tax-evad­ing prac­tices of wealthy clients around the world.

The French govern­ment has brought in bil­lions of eu­ros in repa­tri­ated funds in re­cent years in stepped-up ef­forts to crack down on off­shore ac­counts in tax havens.

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