TOKYO – The Latest on the release of the database on Offshore Accounts (all times local):
The latest release of the names of thousands of offshore companies and other financial data of the rich and powerful is spurring renewed calls to counter corruption and tax evasion.
Japan's government spokesman said Tuesday that Tokyo plans to propose an action plan for combating graft at the summit of the Group of Seven rich industrial economies that will be held later this month in Ise, Japan.
Yoshihide Suga, Japan's chief Cabinet secretary, said Tuesday that as host of the May 26-27 G7 summit, Japan hopes to include proposals for combating tax evasion, such as increasing disclosure requirements, along with to the leaders' joint declaration at the event's close.
That follows various moves by other countries to investigate or tighten oversight of such financial dealings following the first release last month of information from what has been dubbed the "Panama Papers."
D.S. Malik, a spokesman for India's finance ministry, said Tuesday that India's income tax authorities have sent notices to all the Indians listed in the database and would investigate each case based on their replies.
The International Consortium of Investigative Journalists made the fresh data on 200,000 entities available on its website at 1800 GMT (2 p.m. EDT) Monday.