Shipowners brace for Panama Papers backlash
More details from the so called Panama Papers are expected to be revealed today. The leaks from Panamanian law firm Mossack Fonseca show how tycoons, politicians and conglomerates around the world have managed to avoid paying taxes by using tax havens and complex financial structures.
Today, the International Consortium of Investigative Journalists (ICIJ) is expected to list individuals and companies mentioned in the leaked documents, which will involve a raft of shipowners.
Norway’s Aftenposten newspaper reckons the leaked papers list at least nine Norwegian shipowners who have set up companies in tax havens overseas. These include Wilson owner Kristian Eidesvik, Fred. Olsen, the Hoegh family, the Lorentzen family and the Jebsen family.
Splash will be providing full details of shipping’s exposure in the latest batch of Panama Papers throughout the day.