Malta: Taxman recovers €10m from Panama, Swiss leaks

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The Tax Compliance Unit (TCU) has recovered €10.8 million in tax revenue from its investigations into the Swiss leaks and Panama Papers data.

Figures provided by the TCU show that €7 million was recovered from its investigations into the Swiss leaks data alone.

Swiss leaks featured lists of account holders from around the globe who banked with HSBC Geneva.

Data released by the International Consortium of Investigative Journalists in 2015 showed that a total of €607 million was kept in 139 bank accounts by Maltese account holders.

Read more here: timesofmalta.com


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