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Irish Finance Minister Paschal Donohoe has explained the country's approach to tax evasion during a hearing of the European Parliament's PANA Committee, and said Ireland is "a strong supporter of international tax reform efforts." Read Full Story
Germany's Federal Criminal Police Office has confirmed that it is in possession of a copy of the so-called Panama Papers and will use the information to investigate possible tax evasion by German citizens. Read Full Story
A number of territories that had failed to demonstrate they have complied with international tax transparency standards have had their ratings upgraded by the OECD, following "fast-track" peer reviews. Read Full Story
The individual who manages intellectual property rights for music groups including the Rolling Stones and U2 has denied that corporate structures were set up in the Netherlands to avoid tax in recent parliamentary testimony. Read Full Story
Mexico and Panama have signed an agreement to automatically exchange tax information, and Mexico has offered concessionary terms for the repatriation of undeclared assets. Read Full Story
Jean-Claude Juncker has asked members of the European Parliament to judge him on his record on tackling tax avoidance and evasion as the current President of the European commission, not in his previous roles in the Luxembourg Government. Read Full Story
The Canadian Government has issued an update on its anti-avoidance work, and said that audits carried out in the past fiscal year are on track to capture more than CAD13bn (USD9.6bn) worth of taxes owed. Read Full Story
Panama needs to require greater due diligence from financial and banking institution to tackle tax fraud in the wake of the Panama Papers scandal, a United Nations official has said. Read Full Story
Panama should take measures to address its low tax revenues, including enhancing tax administration, streamlining tax incentives and exemptions, and avoiding amnesties, the International Monetary Fund (IMF) has said. Read Full Story
The total loss to EU member states from the schemes revealed in the Panama Papers could be in the region of between EUR109bn (USD119bn) to EUR237bn, according to a new study commissioned by the European Parliament's PANA committee. Read Full Story
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