Hollande Urges Panama to Respond to French Tax Request on Offshore Papers

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The Elysee Palace said in a statement that French President Francois Hollande urged the Panama authorities on Friday to respond to a request by the French taxation agency after media publications that allegedly disclosed offshore schemes used by a number of world leaders and public figures.

Panama City skyline is seen at sunset in Panama (File) - Sputnik International
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MOSCOW (Sputnik) — French President Francois Hollande urged the Panama authorities on Friday to respond to a request by the French taxation agency after media publications that allegedly disclosed offshore schemes used by a number of world leaders and public figures, the Elysee Palace said in a statement.

Hollande held a meeting with his Panama counterpart Juan Carlos Varela earlier in the day.

"The president urged Panama to respond to information requests by the French tax authorities," the statement reads.

On Sunday, Germany’s Sueddeutsche Zeitung revealed alleged involvement of a number of former and current world leaders in tax haven schemes using the information reportedly obtained in a data leak from Mossack Fonseca, a Panama firm that specializes in selling offshore companies.

The company responded by refusing to validate the information contained in the leaks and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by legal means.

On Tuesday, France placed Panama back on its tax haven blacklist.

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