Panama Papers revenue recovery reaches $1.36 billion as investigations continue
Five years after the Panama Papers were first published, authorities are still clawing back lost tax dollars and prosecuting wrongdoers exposed by the global investigation. April 6, 2021
Governments around the world have now recouped more than $1.36 billion in back taxes and penalties as a direct result of the Panama Papers, including $185 million in newly-reported recoveries over the past two years.
Five years after the International Consortium of Investigative Journalists led a worldwide investigation exposing the secrets of the offshore finance industry, 24 countries have reported official recoveries, with hundreds more proceedings still ongoing.