Christine Lagarde responds to Panama Papers revelations,noting that authorities were concerned but did not take ‘expected’ actionThe head of the International Monetary Fund (IMF) said on Saturday the world’s financial regulators had long been “alarmed” approximately Panama’s lax approach to taxation and corruption but failed to take action.
In her strongest comments yet addressing the global tax evasion scandal exposed by the Panama Papers, Christine Lagarde said: In the case of Panama there had been alert and alarm raised, and but there had not been the level of implementation that was expected.”Continue reading...
Source: theguardian.com