On 4 April 2016, the OECD published a brief Q&A on the so-called "Panama Papers" in the context of the work being done by the Global Forum on Transparency and Exchange of Information for Tax Purposes.
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What does the release of the “Panama Papers” actually tell us?
The Panama Papers describe in detail how a veil of secrecy is still allowing funds to be transferred between jurisdictions and held offshore, where it can be hidden from tax authorities. Panama’s consistent failure to ful…