Barack Obama is taking executive action to close loopholes used by foreigners in US, White House announces
Barack Obama is launching a crackdown on international tax evasion in response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity.
In a series of initiatives announced by the White House on Thursday night, the president will take executive action to close loopholes used by foreigners in the US and call on Congress to pass legislation
Though the later steps may hit political obstacles in an election year, the package of measures are among the most comprehensive response yet to the Panama Papers revelations, disclosed by a consortium of international journalists including The Guardian.
“In recent weeks, the disclosure of the so-called ‘Panama Papers’ – millions of leaked documents reportedly revealing the use of anonymous offshore shell companies – has brought the issues of illicit financial activity and tax evasion into the spotlight,” said the White House in a statement. Continue reading...
Barack Obama is launching a crackdown on international tax evasion in response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity.
In a series of initiatives announced by the White House on Thursday night, the president will take executive action to close loopholes used by foreigners in the US and call on Congress to pass legislation
Though the later steps may hit political obstacles in an election year, the package of measures are among the most comprehensive response yet to the Panama Papers revelations, disclosed by a consortium of international journalists including The Guardian.
“In recent weeks, the disclosure of the so-called ‘Panama Papers’ – millions of leaked documents reportedly revealing the use of anonymous offshore shell companies – has brought the issues of illicit financial activity and tax evasion into the spotlight,” said the White House in a statement. Continue reading...
Comments
Post a Comment