More than $1.2 billion has been publicly collected by governments around the world from the global tally of fines and back taxes resulting from the Panama Papers investigation’s exposure of the offshore finance industry.
Since June 2018, the United Kingdom alone has added $119 million to bring its total to more than $252 million; Australia has collected another $43 million to eclipse $92 million, and Belgium has added an extra $6.5 million to its government coffers to surpass $18 million.
Investigations are continuing in numerous countries including Austria (where regulators are examining whether two major banks followed procedures to prevent money laundering), Germany, France, and Norway.
These countries have either publicly announced they recouped money from the Panama Papers, or have reported the amount to ICIJ’s media partners and are included in ICIJ’s $1.2 billion figure:
Australia – $92,880,415
Austria – $2,725,869
Belgium – $18,749,009
Colombia – $88,884,000
Czech Republic – $36,462,741
Denmark – $47,500,000
Ecuador – $84,300,000
France – $135,696,000
Germany – $183,193,536
Iceland – $25,525,959
Lithuania – $358,830
Luxembourg – $2,393,837
Malta – $10,706,938
Mexico – $21,568,200
Netherlands – $8,283,390
New Zealand – $410,400
Panama – $14,132,128
Slovenia – $1,000,000
Spain – $164,104,468
Sweden – $19,295,056
UK – $252,762,000
Uruguay – $1,000,000
{Matzav.com}
