Tax avoidance revelations prompt outraged denials
The Pandora papers revelations prompted an avalanche of international reaction on Monday, ranging from solemn government pledges to clamp down on tax avoidance to outraged denials and a few cries of old news.
The leak published last Sunday by the Guardian and other global media partners revealed the leading role played by the US in the offshore industry, including in the state of South Dakota. It also showcased the use of offshore secrecy jurisdictions by world leaders past and present, as well as other politicians and top public officials.
The Biden administration said it would “crack down on the unfair schemes that give big corporations a leg up” in the wake of the Pandora papers’ disclosures. “It’s time to deal-in
