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PANAMA LEAKS REVEAL THE COMPLICITY OF THE PRIVATE SECTOR

Exposé discloses massive involvement of the private sector in Africa’s vicious cycle of corruption and poverty

NAIROBI, 13th May 2016 – In its release of a second expose in a series of investigations the International Consortium of Investigative Journalists (ICIJ) discloses a multitude of individuals and companies involved in the propagation of poverty and gross inequalities across the world through a duplicitous scheme of tax evasion.

The second wave of Panama information came out this week – this time in the form of a searchable database. As TNJ-A, we were interested to see what picture was painted for our members and this new release. The bar graph below shows the countries represented in our membership and the number of offshore entities associated with them. The data begins to point us in the right direction – gives us an idea of where we should be looking, what addresses to follow up on and who to look up at national company registries. The task ahead of us is huge, but we have begun and we are looking forward to more detailed work coming from our partners.

It will take years, possibly decades, for the full extent of the firm’s sordid acts to become known.” ~ John Doe (Panama Leaks source)

For the full press release click the link below.

Panama Papers Reveal Complicity of the Private Sector PRESS RELEASE

13/05/2016

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About TJNA

The Tax Justice Network-Africa (TJN-A) is a Pan-African initiative and a member of the Global Alliance for Tax Justice. Launched in January 2007 during the World Social Forum (WSF) held in Nairobi, TJN-A promotes socially- just, accountable and progressive taxation systems in Africa. It advocates for tax policies with pro-poor outcomes and tax systems that curb public resource leakages and enhance domestic resource mobilisation.

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