The day: "Panama Papers" bring in 72 million euros

The day
"Panama Papers" bring in 72 million euros

The ones uncovered five years ago "Panama Papers" to financial transactions in Tax havens the public sector have additional income of around 72 million euros bestows. Hesse's Finance Minister Michael Boddenberg said that nationwide criminal tax proceedings had been initiated in around 155 cases or that ongoing proceedings had been supported by new findings. As a result, the tax authorities achieved additional tax revenues of over 38.4 million euros. In addition, there would be over 19 million euros from criminal proceedings. Together with additional tax income from data sets submitted abroad, the total is around 72 million euros. However, not all proceedings have been completed yet.

The "Panama Papers" are confidential documents that an international research network distributed in the spring of 2016. It revealed how some politicians, sports officials, billionaires, celebrities and criminals around the world used mailbox companies in Panama to evade taxes in their home countries.

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