Scandal-plagued Catholic order denies hiding millions in offshore accounts
Vatican CityRNS An embattled Catholic religious order accused of hiding almost $US300 million in offshore accounts denied any wrongdoing in an online statement, declaring that it did not evade taxes and complied with international accounting standards. The Legionaries of Christ, a once powerful Catholic religious order that fell into disgrace in 2010 after sexual abuse […]
‘Pandora Papers’ bring renewed calls for tax haven scrutiny
Washington DC, USAP Calls grew Monday for an end to the financial secrecy that has allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors. The outcry came after a report revealed the way that world leaders, billionaires and others have used shell companies and offshore accounts to […]