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COVER STORY

In Paraguay, former president Horacio Cartes
amended his public disclosure forms to add an
offshore company he owned but didn’t declare
during his presidency following questions from
ICIJ’s partners ABC Color.
Among the many officials who have commented on
the investigation is European Commission Presi-
dent Ursula von der Leyen, who condemned the
practices exposed in the Pandora Papers and said In Germany, the finance minister of Hessen, the
that the EU must do more to combat tax evasion state that previously analyzed the Panama Papers
and aggressive tax planning.
documents, said its team is ready to examine the
Speaking at an event Monday in Finland, von der Pandora Papers records.
Leyen said that “tax evasion and aggressive tax “If the Pandora Papers contain evidence of tax
planning is completely unacceptable.” crimes, we will pursue them consistently,” the
state’s finance minister, Michael Boddenberg, said.
“We have in the European U.S. President Joe Biden’s press secretary told
Union some of the highest tax reporters that the White House has read Pandora
transparency standards in the Papers reporting and that the President is
world, but as we see it’s not committed to enhancing the U.S.’s fight against
financial crime.
enough, more work is needed,”
she said. Also on Monday, India’s finance ministry announced
it will investigate the Indian names exposed in the
leak and take “appropriate action.” It also said that,

16| Thecorporatereview.com | India | Vol. 2 | Issue 9 | October 2021