Tax take from 'Panama Papers' probes exceeds $1.2 billion

Pedro Gonçalves
clock • 2 min read

Tax authorities in 22 countries worldwide have been able to retrieve in more than $1.2bn in back taxes and fines following the 2016 "Panama Papers" leak of information about offshore dealings. Britain has recouped some $253m, France $136m and Australia $93m, the International Consortium of Investigative Journalists (ICIJ) posted on its website. German newspaper Sueddeutsche Zeitung -- which received the massive leak of documents from Panamanian law firm Mossack Fonseca on which the investigation was based -- reported Berlin has reaped $183m from related tax probes. "While recouping...

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