cover image: Opening Pandora's Box : What the Latest Leaks Mean for the World Bank's Mission (English)

20.500.12592/52163r

Opening Pandora's Box : What the Latest Leaks Mean for the World Bank's Mission (English)

11 Nov 2021

The Pandora Papers highlight a worldwide lack of transparency of information on who owns and controls what and where. Unfortunately, trusts and complex corporate structures are still an effective way to hide ownership and/or control of assets. Such opacity facilitates the concealment of wealth, tax avoidance, tax evasion, money laundering, and corruption. Even more so than previous similar leaks, these papers shine a spotlight on the crucial role of service providers and on the role of jurisdictions normally considered “on-shore” in facilitating this conduct. This brief focuses on the activities of Pandora Papers for the year 2021.
corruption criminal justice tax evasion money laundering social development tax avoidance tax law tax authorities beneficial ownership financial economics world macroeconomics and economic growth the world region law and development finance and financial sector development crime and society public official tax crime lack of transparency illicit financial flows financial regulation & supervision use of technology back into poverty tax authority due diligence requirement assessment and action plan corporate structure offshore financial center types of entities tax avoidance scheme human rights abuse financial market integrity mutual legal assistance income and asset disclosure tax treaty network

Authors

Cebreiro Gomez,Ana, Collin,Matthew Edward, Esquivel,Yara, De Magalhaes Pinto Almeida,Yasmin, Van Der Does De Willebois,Emile J. M., Anderson,James

Disclosure Date
2021/11/11
Disclosure Status
Disclosed
Doc Name
Opening Pandora's Box : What the Latest Leaks Mean for the World Bank's Mission
Published in
United States of America
Total Volume(s)
1
Unit Owning
EFI-MTI-Macro/Fiscal-Tax (EMFTX)
Version Type
Final
Volume No
1

Files

Opening-Pandoras-Box-What-the-Latest-Leaks-Mean-for-the-World-Banks-Mission.pdf

Opening-Pandoras-Box-What-the-Latest-Leaks-Mean-for-the-World-Banks-Mission.txt

Related Topics

All