Tony Merchant, one of Canada’s top class-action lawyers, faces questions from that country’s authorities about a Cook Islands trust that, the ICIJ found, he’d stocked with more than $1 million in 1998. In a filing to Canadian tax authorities, Merchant checked “no” when asked if he had foreign assets of more than $100,000 in 1999, the report found. His wife is Canadian Senator Pana Merchant.
Philippine government officials said that they will look into a media organization’s disclosure that the eldest daughter of the late dictator Ferdinand Marcos was a beneficiary of a secret offshore trust in the British Virgin Islands.
In India, Indian Finance Minister P. Chidambaram said an inquiry had been started by the authorities against individuals whose names figured in the global media report. “Yes. We have taken note of the names and inquiries have been put in motion in respect of the names that have been exposed,” he told a press conference.
Greek members of parliament asked the government’s deputy finance minister what he planned to do about the 103 offshore companies that ICIJ found hadn’t been registered with Greece’s tax authorities.
The deputy speaker of the Mongolian parliament is considering resigning after acknowledging his involvement in offshore business and saying it was a mistake.
And so on. Not a bad start.
And the series has two more weeks to go.