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France to investigate 500 records over tax after Panama Papers leaks

byCT Report
18/11/2016
in Uncategorized
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PARIS: The French government is investigating the records of about 560 taxpayers based on leaked documents from a Panamian law firm.

The budget office of the Finance Ministry said its experts have studied the leaked information and are now digging deeper into 560 specific cases.

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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 euro in repatriated funds in recent years in stepped-up efforts to crack down on offshore accounts in tax havens.

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