Posted On 05 Apr 2017
The Internal Revenue Service (IRS) has achieved a tax recovery of $66.1 million based on the complaints published in the Panama Papers, a year ago, on April 3, 2016.
The worldwide leakage of documents from the Mosack Fonseca law firm allowed the IRS in Ecuador to identify at least six taxpayers who would have committed tax evasion through offshore operations in Panama.
After making the appropriate determinations, it was identified that the Chinese company CWE had to pay $ 65 million, while five other taxpayers $ 1.1 million.
This was reported by the director of the IRS, Leonardo Orlando, after conducting an evaluation of the work of that agency after the publication of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ).
Moreover, 230 taxpayers are being investigated for 1,626 offshore companies in tax havens that appeared in that publication, and that were not registered in the country. It was also possible to identify 28 groups or networks of fraud.