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World tax officials huddle in Paris to talk Panama Papers

Published:Thursday | April 14, 2016 | 4:00 AM
Police officers stand outside Mossack Fonseca law firm while Organized crime prosecutors raid the offices, in Panama City, on Tuesday.

PARIS (AP):

Tax officials from around the world met in Paris yesterday to discuss the fallout from the mass leak of offshore account data from Panama firm Mossack Fonseca.

A statement yesterday said the meeting of the Joint International Tax Shelter Information and Collaboration Network an information- and intelligence-sharing organ for senior tax administrators based out of the Organization for Economic Cooperation and Development, was convened to "agree collaborative action in light of the 'Panama Papers' revelations".

The Panama disclosures have shaken the rich and powerful by exposing how they use networks of shell companies to dodge financial obligations, taking tax evasion to the top of international agenda.

Few further details about the Paris event's attendance or agenda were released. A spokesman said the meeting was closed to the media.