Obama spoke about the problem of “global tax” evasion

U.S. President Barack Obama, commenting on the investigation of the International consortium of investigative journalists (ICIJ) on offshore companies, in his speech on Tuesday, April 5, stated that “global tax evasion” is a “big problem”.

“There is no doubt that the global problem of tax evasion in General is a huge problem,” Obama said (quote via Reuters)

He stressed that the main problem is that “many of these things” [ways of tax evasion] exist “under the law and are not illegal”.

The U.S. President called “important” the ICIJ investigation, noting the influence of journalists presented facts on ordinary citizens, and added that many “maneuvers” by evading taxes, specified in the investigation, “happen at the expense of families from the middle class”.

Obama also spoke in favor of the proposed administration changes in the legislation, which will close for American companies to evade taxes by moving their headquarters overseas.

Photo gallery
“Had no relationship” as officials responded to the investigation by OCCRP



The international consortium of investigative journalists (ICIJ) and the Center for the study of corruption and organized crime (OCCRP) reported on 13 Russian officials, whose…

Showing 10 photos

April 3, ICIJ has published the results of extensive investigations about the offshore world leaders, politicians and celebrities in Panama and the British virgin Islands for which data were received as a result of the leak of the documents of Panamanian law firm Mossack Fonseca, which renders services on registration of offshore companies.

April 4, a press-the Secretary of the U.S. Department of justice Peter Carr said that the Agency will check the documents Mossack Fonseca to determine whether they contain evidence of corruption, the defendants which may be prosecuted in the United States.

A division of the US Treasury Department responsible for sanctions, OFAC, declined to comment on specific findings of the international investigative journalists, but the representative of the Department in response to questions RBC stressed that “the U.S. government pays special attention to the investigation of possible illegal actions and activities to circumvent sanctions using any sources of information both public and non-public”.