Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes

Similar revelations about other banks and offshore tax-evasion schemes — such as those contained in the Panama Papers — led to global protests and even the resignations of some world leaders,

Israel Shekels

WASHINGTON -- Israel’s three largest banks -- Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank -- have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes. The

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What The Paradise Papers Tell Us About The Super-Rich

The Paradise Papers reveal the goings on of the elites of the offshore world – this time in the supposedly highly-regulated havens of the Cayman Islands, Bermuda, Singapore and the like.

French film director Jean-Jacques Annaud talks about his latest film "Wolf Totem" during an interview in Beijing. As part of the "Paradise Papers" global investigative reporting, French media reported Wednesday Nov. 8 2017 that Annaud used accounts in the Cayman Islands and Hong Kong. Annaud's directing credits include "The Name of the Rose" and "Seven Years in Tibet." (AP/Ng Han Guan)

The so-called Paradise Papers may sound familiar – leaked documents from a law firm that specializes in offshore services reveal how the global elite avoids paying taxes. Even the name has the same ring to it as last year’s Panama Papers expose. But the Paradise Papers are different, reflecting the complexity of the global offshore tax

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How Greece Became A Guinea Pig For A Cashless And Controlled Society

As Greece moves closer to becoming a cashless society, it is clear that the country’s attitude towards cash is reckless and dangerous. The supposed convenience of switching to a cash-free system comes with a great deal of risk, including needless overreach by the state.

A man makes a transaction at an automated teller machine (ATM) of a Piraeus Bank branch in Athens, Greece. (AP/Yorgos Karahalis)

ATHENS (Analysis)-- Day by day, we’re moving towards a brave new world where every transaction is tracked, every purchase is recorded, the habits and preferences of everyone noted and analyzed. What I am describing is the “cashless society,” where plastic and electronic money are king, while banknotes and coins are abolished. “Progress” is,

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Wall Street Stock Loans Drain $1 Billion A Year From German Taxpayers

Carefully timed deals help big money managers skirt dividend taxes in 20 countries, confidential documents show.

stock market

German companies are known for paying some of the heftiest dividends among world stocks, one reason U.S. investment giants such as BlackRock and Vanguard are among the biggest holders of German shares. But Wall Street has figured out a way to squeeze some extra income from these stocks. And German taxpayers pay for it. A cache of confidential

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Despite Panama Papers, EU Pitching Another Tax Evasion ‘Smokescreen’

‘The Commission has once more taken the side of tax dodging multinationals against the European public.’

People protest in front of Parliament building in Reykjavik, Iceland, Tuesday April 5, 2016. The leak of millions of records on offshore accounts claims its first high-profile victim as Iceland's prime minister resigns amid outrage over revelations he used such a shell company to conceal a conflict of interest. (AP Photo/David Keyton)

The European Commission's attempt to crack down on corporate tax evasion "is a smokescreen that will not stop multinationals dodging their taxes," the UK-based social justice organization War on Want declared Tuesday. The proposal put forth by the Commission on Tuesday would require large companies—those whose annual revenue exceeds €750 million

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Iceland Erupts In Protest As Panama Papers Reveal Secret Corruption In Government

Initial media reports suggested that Sigmundur David Gunnlaugsson, Iceland’s Prime Minister, had resigned, but he now insists he’s merely taking a break from ruling the government.

People who gather to demonstrate against Iceland's prime minister after allegations of corruption surfaced following the release of the Panama Papers, in Reykjavik. (AP/Brynjar Gunnarsson)

REYKJAVIK, ICELAND --- Iceland’s government is under pressure from a tax corruption scandal, and the prime minister could be forced to resign. For now, Sigmundur David Gunnlaugsson says he’s merely taking a break from the office. The massive Panama Papers leak, consisting of 11.5 million documents released to German newspaper Süddeutsche

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