The European Union agreed to drawing up a list of tax hiding sanctuaries after revelation of Panama leaks.
According to European commission list are different regarding tax haven of 28 including countries in Union while sanctions to be imposed after after rankings of sanctuaries, they also have been working on such projects under which action to be taken against tax advisers and on these banks which provides help to its clients for hiding the wealth abroad.
On the other hand action has been expedited against Mossack Fonseca firm having kept the record of offshore companies in Panama beside this hundreds of dismantled documents have been taken into possession after carried out the raid at Mossack Fonseca store. “The purpose to dismantling the documents were to have removed the evidence”, officials added.
