Pandora Papers: 11.9 million documents will be published in a new global revelation on tax havens | Successor of the Panama Papers

This Sunday at 1:30 p.m. Argentinian time it will be announced a new survey on tax havens: The Pandora Papers, It’s made of the publication of 11.9 million documents containing information on offshore companies conducted by the International Consortium of Investigative Journalists (ICIJ), which involved 600 journalists from 150 media outlets from 117 countries around the world.

It is the survey that followed the Panama Papers -managed by the same consortium of journalists-, which in April 2016 Panamanian law firm Mossack Fonseca revealed 11.5 million documents, which has provided services to personalities around the world – including politicians and even presidents – to set up offshore companies in tax havens, mainly in Panama, in order to evade taxes. Among those involved was former President Mauricio Macri.

Shortly after learning about this new information leak, the government of Panama has proposed to the ICIJ “a dialogue to provide critical facts” and specific information, as was revealed yesterday. In a letter – to which the EFE agency had access – the government asked the organization that “before continuing” the investigation “into the extraterritorial finances” it be taken into account “that the previous media coverage initiated by the ICIJ used a false and defamatory term, ie the “Panama Papers” which caused great damage to Panama “.

The letter adds that “the government of Panama is determined to act so that this lie is not repeated by the ICIJ or any other means of communication”, and that “since 2015, the government of Panama has been fighting against the tax evasion and money laundering is a high priority and has taken concrete steps to show this commitment, “which has led to the suspension of” 395,415 of the 762,709 companies and foundations from their register “during the past year.

The letter comes from the law firm Benesch, Friedlander, Coplan & Aronoff LLP, based in Chicago (USA) and representing President Laurentino Cortizo.

Macri and the Panama Papers

In the Panama Papers leak, the name of former president Mauricio Macri and other members of his family appeared, on the board of directors of the offshore company Fleg Trading Ltd. It is incorporated in the Bahamas.

Other names have also appeared, such as the current mayor of Lanús, Néstor Grindetti; that of the CEO of Grupo Clarin, Héctor Magnetto; pharmaceutical businessman, Alejandro Roemmers; and former president of Boca Juniors, Daniel Angelici; among others.