Published: March 4, 2020
Last Updated: March 17, 2020
The International Consortium of Investigative Journalists (ICIJ) has released a searchable database of some of the corporations set up by the Panamian law firm of Mossack Fonsecka and released in the Panama Papers leak. The database is integrated with the one set up by the ICIJ in 2013 as part of the Offshore Leak of that year. The database can be found at https://offshoreleaks.icij.org/ and is said to contain the names of some 625 Canadians. The database can be searched by country and when a hit is found it displays related records including other corporations and in some cases individual names. CRA announced that they had some 45 names of Canadians implicated in the Panama Papers since last week and were planning to prosecute if their investigation revealed tax evasion. The window for a voluntary disclosure for Canadians who have not fully declared their offshore income is rapidly closing.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
About the Author
