BERLIN The German Finance Minister , Wolfgang Schaeuble, gave details of a plan to combat the tax haven including create records with the list of owners of companies.
a huge leak of documents from the legal firm based in Panama Mossack Fonseca has shown how companies “offshore” were used to hide the fortunes of rich and powerful, putting pressure on world leaders.
Schaeuble told German public broadcaster ARD that if the company registers with the names of the owners of firms “offshore” they were interconnected international level, it would be possible to find all the people behind them.
in the European Union these records were already agreed as part of a fourth directive on washing money to be implemented nationwide by mid-2017.
Schaeuble also said an agreement on automatic exchange of tax information to which they have already joined around 100 countries and will enter into force in 2017. the minister said that the “Papers of Panama” reinforce the pressure for other nations to sign the agreement.
“Now is increasing pressure on those who do not yet take part, like the United States “the German official said.
Schaeuble also wants to countries like Panama and other tax havens in a” black list “if you do not participate in an automatic exchange of data, which would mean that some financial transactions those countries would no longer be allowed.
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