The UK’s network of offshore tax havens face being blacklisted by the European Union for their role in the behaviour revealed by the Paradise Papers. CanadaThe Canadian Revenue Agency said it was “reviewing links to Canadian entities and will take appropriate action in regards to the Paradise Papers” according to the Canadian Broadcasting Corporation. UK under pressure to act over tax havens after Paradise Papers leak Read moreAustraliaThe Australian Tax Office said it would use leads from the leak to investigate any non-compliance by Australian individual or corporate taxpayers. Non-governmental organisations reacted with anger to the Paradise Papers. The anti-corruption group Transparency International said the leaks were proof that oversight of the global financial system was broken.

Source: The Guardian November 06, 2017 20:17 UTC