but not in panama. our investigation led us here to panama's public registry. many of the units aren't owned by individuals but corporations, off within generic names. so why would someone use a corporation to buy a condo? often to hide the identity of the real buyer. >> one of the things with the shell companies is you can simply transfer the company -- the share to anybody you want. >> reporter: you set up a shell company. nobody knows who the actual owner is. you buy the unit. get a piece of paper that says you own the unit. >> you are the owner. >> reporter: you can do what you want with that. >> you are holding a million dollars. it's not even a check. you can transfer it to anybody. >> reporter: you can fold it and put it in your pocket. >> correct. >> reporter: you were coming in with hundreds of buyers? did the trump organization want to know who the buyers were, where the money was coming from? >> no. not that i'm aware of. not at all. >> reporter: did they ask you? >> no. >> reporter: were the buyers planning on living in the units? >> most of them, n

but not in panama. our investigation led us here to panama's public registry. after going through a lot of paperwork a pattern started to emerge. tushs out many of the condo units aren't owned by individuals but panamanian corporations, often with generic names like ocean trump 1605 investment corporation. so why would someone use a corporation to buy a condo? often to hide the identity of the real buyer. >> one of the things we, with these shell companies is, you can simply transfer the company, the buyer's share, to anybody you want. >> reporter: you set up a shell company. nobody knows who's the actual owner, and then you buy the unit. get a piece of paper saying you own the unit. >> you're the owner. >> reporter: and do what you want with that? >> you're holding money. holding $1 million. not even a check. in a bear's share. you can transfer it to anybody. >> reporter: fold if and put it in your pocket? >> correct. >> reporter: you were coming in with hundreds of buy jers did the trump organization want to know who these buyers were? where the money was com

so i was in panama. i was there for quite a bit of time with the miss universe and i fell in love with the place. >> but the panama he was falling in love with was not the panama where more than a third of the population lived in poverty. ♪ ♪ it was the glamorous water front where brand new luxury towers were being snapped up by the international hot money crowd. >> train loads of people were coming because they would advertise in miami, toronto, russia, and pre-selling all the buildings. and the more they built, the more they sold. but nobody ever occupied the apartments. >> they were empty buildings. >> they were em my buildings. >> the buildings he says were a great place to bury dirty money. he says the buildings were almost literally made of drug money. >> cocaine concrete. >> chaz cocaine concrete? >> it's money that came from cocaine. a lot was drug money. >> you take the cocaine, you turn it into a building? >> yeah. >> how do you know all of this? >> i was directly involved. i saw it happeni

that is the trump ocean club panama city. it's a large building. it overlooks all of panama city. it overlooks the pacific ocean. at one stage it was the tallest building in latin america. and our reporting shows that in addition to being a big tower which by the way is not owned by president trump, not owned by the trump organization. he simply licenses his name. still, he's received millions because of that licensing agreement. and our reporting shows this building was effectively a magnet for dirty money. trump ocean club soars over the pacific and panama city. it's also where criminals everywhere from russian gangsters to money launderers were able to hide their cash. alexander ventura was one of the tower's main brokers. and you were coming in with hundreds of buyers. >> hundreds of buyers, yes. >> reporter: did the trump organization want to know who these buyers were, where the money was coming from? >> no. not that i'm aware of. no, not at all. >> reporter: ventura is now a fugitive wanted for fraud. we agreed to disguise his appearance because he said he feared for his sa

from at least forty seven countries that people involved and in addition panama was notorious panama was known to be dirty whereas apple b. the offshore law firm which is now at the center off these paradise pay has. to be clean and transparent if a transparent player is now in trouble this might indicate that this whole line of business is in trouble covering a lot of tax avoidance here which is not a legal but it is something governments have recognized as a problem why hasn't more been done since the panama paper's leak to crack down on this well following the revelations of the panama papers government promised to clean up the tax havens and there have been there were commissions of inquiry there are investigations going on still at this moment but what paradise pavers access record now it could be serious it could really initiate a change but on the other hand they smile when national companies who are involved they are usually very good at protecting their own interests and they're very influential. on your color following this very latest leak the paradise papers for us thank

of the panama papers? public perception is rising, politicians are clearly getting more hot under the collar about this issue. i think the fundamental issue issue. i think the fundamental issue is that something needs to be done globally, something needs to be done to stop the ability to move money around the world like this. if you can around the world like this. if you ca n afford around the world like this. if you can afford to move money to places and avoid paying tax, then why not do it. that is what we face right now, we need a complete rethink about how the centres can operate. thank you. gerard ryle is the director of the international consortium of investigativejournalists, he joins me from washington. your organisation is responsible for collating this information discovered. this is one of the biggest leaks of data from an offshore company in history , tell us about how you got it and brought together the journalists around the world who investigated it. we heard from the german newspaper who ha

welcome to trump ocean club international hotel and tower panama. >> reporter: it was the first trump branded tower to go up overseas with ivanka trump pitching it. >> or you can opt to dine on your private balcony. >> reporter: luxurious, yes, but like many real estate projects in panama also a magnet for dirty money according to insiders and a former panamanian prosecutor. an nbc news investigation in conjunction with reuters, reveals brokers and buyers included russian gangsteres and a money launderer for latin america drug cartels. alexander ventura was one of the tower's main brokers. >> i had some customers with some, you know, questionable background. >> reporter: what does that mean? >> you know, you find out later, not in the beginning, from like it belongs to mafia, the russian mafia or things like that. >> reporter: ventura is now a fugitive accused of fraud. we agreed to disguise his appearance. did the trump organization want to know who he's buyers were, where the money was coming from? >> no. not that i'm aware of, no, no. not at all. >> reporter: monty freezener was in

welcome to trump ocean club international hotel and tower panama. >> reporter: it was the first trump branded tower to go up overseas with ivanka trump pitching it. >> or you can opt to dine on your private balcony. >> reporter: luxurious, yes, but like many real estate projects in panama also a magnet for dirty money according to insiders and a former panamanian prosecutor. an nbc news investigation in conjunction with reuters, reveals brokers and buyers included russian gangsters and a money launderer for latin american drug cartels. alexandre ventura was one of the tower's main brokers. >> i had some customers with some, you know, questionable background. >> reporter: what does that mean? >> i mean, you know, i found out later, not in the beginning, from like it belongs to the mafia, the russian mafia or things like that. >> reporter: ventura is now a fugitive accused of fraud. we agreed to disguise his appearance. did the trump organization want to know who these buyers were, where the money was coming from? >> no. not that i'm aware of, no, no. not at all. >> reporter: monte frie

welcome to trump ocean club international hotel and tower panama. >> reporter: it was the first trump branded tower to go up overseas with ivanka trump pitching it. >> or you can opt to dine on your private balcony. >> reporter: luxurious, yes, but like many real estate projects in panama also a magnet for dirty money according to insiders and a former panamanian prosecutor. an conjunction with reuters, reveals brokers and buyers included russian gangsters and a money launderer for latin american drug cartels. alexander ventura was one of the tower's main brokers. >> i had some customers with some, you know, questionable background. >> reporter: what does that mean? >> i mean, you know, i found out later, not in the beginning, from like it belongs to the mafia, the russian mafia or things like that. >> reporter: ventura is now a fugitive accused of fraud. we agreed to disguise his appearance. did the trump organization want to know who these buyers were, where the money was coming from? >> no. not that i'm aware of, no, no. not at all. >> reporter: monte friesner was in panama at the

with the panama papers, iand panorama leaks, people are familiar with the panama papers, i and panorama worked on that last spring. that itself was pretty expos of an dramatic because it pulled back the curtain and showed what the offshore world was like. why i think this is much bigger and more dramatic, particularly in britain, is because appleby work in uk tax havens. they have ten officers and are linked to the uk, a secret empire of offshore, a british empire of offshore. we can see the sort of things they are doing. consequently, there are more british people and british companies in there. we're talking about politicians, pop stars, sports stars, multinational companies. these are big people, and more and more names will emerge in the coming days. and we will be showing richard bilton‘s special edition of panorama here on the bbc news channel in the uk and bbc world news in around 15 minutes‘ time. less talk to our economics correspondent. this is a huge leak and it shows what the duchy of lancaster was doing in investing the queen's private money. she has insight of the duch

craig. >> richard engle for us in panama. to see more, you can watch "on assignment with richard engel" tonight 9:00 eastern only on msnbc. lower premiums? extra benefits? it's open enrollment. time to open the laptop... ...and compare medicare health plans. why? because plans change, so can your health needs. so, be open-minded. look at everything-like prescription drug plans... and medicare advantage plans from private insurers. use the tools at medicare.gov. or call 1-800-medicare. open to something better? start today. ♪ our recent online sales success seems a little... strange?nk na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground. before i hadburning,oting, of diabetic nerve pain, these feet... loved every step of fatherhood... and made o

papers la st revealed since the panama papers last year. what we really need to talk about is the policy response, things to do with the campaigners around this, the registry of these trusts, the offshore organisations which decide how much money can be paid out and coordination between governments to try and sort this out, rather than the endless...m does require that coordination because if anything significant is going to change, there needs to be international change. that's right, i quite agree about the panama papers because i rememberfollowing that story and there was going to be a meeting, ithink that story and there was going to be a meeting, i think there was, chaired by david cameron. but nothing came of it as far as i understand. for too many of the tax havens, it's too beneficial. who is going to throw the advantage away? a lot of the tax havens are actually british territories. that's a problem. if we close i was down, for example, if we made a great sacrifice, someone else would pick up sacrifice, someone else would pick up a

will not stand for the north threatening america or the asian allies. 1.5 years after the panama -- papers show how hundreds of the world's richest have been scaling back on their taxes including the queen. one ofming up for you, the highest business men does that meanhat for the money he has invested? we take a look in the business update. and one of france's top literary more, coming up. first, top stories from paris. ♪ a tiny we start first in town of sutherland springs, texas. the site of the latest mass shooting to rock the united states. a lone gunmen stormed into a tiny church and shot dead 26 people. he was dressed in black tactical gear and armed with an assault rifle. himorities did not identify by name but media reports say he was a 26 euros white male who was later found dead in his car. the suspect had been given a bad conduct discharge from the air force for assaulting his spouse and child. the youngest among the victims was just five years old and the pastor's 14-year-old daughter was killed. town ofm the tiny sutherland springs. >> it is a town so small that everybody her

panama papers and asia in a book called secrecy worlds in sight the panama papers investigation take benzene thank you very much for joining us here on france24. and before we get to the issue of tax avoidance and the paradise papers is also. shed some light on the dealings of the mining found i'm cool and s se allegedd shady practices in the democratic republic of cong. east the link between corporations and corruption the real story head. i mean it certainly one of the real stories. sarah as many people know they h have businesess. corporations have been. rampaging innd t t developiping woror particularlyly in afririca r decades. extracting n naturl reresources a whim very lite benefit to the people who actually live. in those areas army and one of the big reasons as corruption. and the corruption is funneled through offshore companies so it's a skater scandal in plain sight that'ss been going on for a long time and and hopefully this will bring more attention to it. now we live in a in a globalized into linked well we have a very complex global financial system. and who has the po

papers they contained eleven and a half million financial legal records from a panama based little firm tax authorities back then robbed of their hands in glee and went off to big time tax evaders but just what has the fallout been one and a half years later the data dump had almost immediate political consequences the prime minister of iceland was forced to resign two days after the story broke files showed sigma undergoing luxon and his wife had ties to an offshore company but good looks and is still in parliament and the papers revealed the new prime minister was also involved with an offshore company. thousands of protesters called for the resignation of long serving pakistani president now russia reith the paper showed his children owned apartments in london through shell companies the country's supreme court barger re from public office and he resigned. the panamanian law firm at the center of it almost like one say god is going through rough times authorities jailed its founders on money laundering and corruption charges it was forced to lay off two hundred fifty employees but wh

the president's panama problem. an nbc news investigation of this skyscraper that bears the trump name and has ties to organized crime. hello. stay tuned for that. this job that they created to do online grocery and to have that one-on-one experience with the customers, he's meant for it. i'm joey gabe, personal shopper for walmart and i love to see a smile on my customer's face. the market.redict but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. he's a nascar champion who's she's a world-class swimmer who's stared down the best in her sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was really scary. a dvt in my leg. i had to learn all i could to help protect myself. my doctor and i choose xarelto® xarelto®... to help keep me protected. xarelto® is a latest-generation blood thinner... ...that's proven to treat and reduce the risk of

stash documents revealing how the rich and famous and corporations treat remember the panama papers that was eighteen months ago have lessons been learned. also coming up u.s. president donald trump has started his twelve day tour of asia with trade relations high on the agenda. this state of you business live from berlin i'm going out of us welcome they're calling it the paradise thirteen point four million files revealing an impressive list of corporations and v i p's involved in large scale tax avoidance from facebook apple and nyc to u.s. commerce secretary wilbur ross and indeed britain's queen elizabeth. it's not illegal to transfer your money offshore and enjoy a much lower tax rates but you do have to have millions for the scheme to work and you need highly specialized lawyers to ensure that your income from a high tax country is taxed at a place for the rates are rock bottom. for example a german i.t. company registers its patents in ireland where the tax rate is much lower. even though the product primarily sells in germany the income is booked in ireland . only a small part of

our viewers will remember the panama papers coming out a few years ago is this leak bigger put it in context for us yeah it is similar it's a leak of information from off shore banks and investment firms you know it implicates notable political figures in the panama papers led to changes of political leadership in countries like iceland and pakistan and many other examples of fallout from there so there is a similarity that was eleven and a half million documents i think so this is slightly bigger in that sense one interesting thing sara some insiders say that applebee the firm here is much cleaner than second which is the firm at the heart of the panama scandal in that sense you know some people saying if this was at the heart of wrongdoing if the shown to be wrongdoing we should say not all the activity described here is illegal but if there is wrongdoing then it could be that you know there's a lot bigger problem in this area of offshore investments than was previously even realized it sounds like we're going to be learning a lot more very soon simon young our political correspond

reporter: references to this company, egrant, appear in the panama papers. earlier this year, during a session of the european parliament in strasbourg, mps asked how malta could maintain the rule of law amid allegations of corruption. the prime minister dismissed these concerns, along with galizia's allegations. >> some people in this house have referred to a story, a totally outright lie, that has been directed against me, my wife, and my family. i marvelled at the idea that some extremely knowledgeable members of this house have taken this thing, this fake news, and repeated it here just like that. reporter: four months later, daphne caruana galizia is dead. back in malta, many questions remain unanswered. to what extent are the island's leaders engaged in organized crime? how credible are the allegations against the government? and why was galizia killed? at a makeshift memorial outside the courthouse in the capital, one of the people paying his respects is simon busuttil, a conservative politician. he was among those heavily criticised by the journalist

most of our viewers will remember the panama papers coming out a few years ago is this leak bigger put it in context for us yeah it is similar it's a leak of information from off shore banks and investment firms you know it implicates notable political figures in the panama papers led to changes of political leadership in countries like iceland and pakistan and many other examples of fallout from there so there is a similarity that was eleven and a half million documents i think so this is slightly bigger in that sense one interesting thing sara some insiders say that applebee the firm here is much cleaner than second which is the firm at the heart of the panama scandal in that sense you know some people saying if this was at the heart of wrongdoing if the shown to be wrongdoing we should say not all the activity described here is illegal but if there is wrongdoing then it could be that you know there's a lot bigger problem in this area of offshore investments than was previously even realized it sounds like we're going to be learning a lot more very soon simon young our political corr

more pressure on donald trump has these details to emerge right most of our viewers will remember the panama papers coming out a few years ago is this leak bigger put it in context for us here it is similar it's a leak of information from off shore banks and investment firms you know it implicates notable political figures in the panama papers led to changes of political leadership in countries like iceland and pakistan and many other examples of fallout from there so there is a similarity that was eleven and a half million documents i think so this is slightly bigger in that sense one interesting thing sara some insiders say that applebee the firm here is much cleaner than second which is the firm at the heart of the panama scandal in that sense you know some people saying if this was at the heart of wrongdoing if the shown to be wrongdoing we should say not all the activity described here is illegal but if there is wrongdoing then it could be that you know there's a lot bigger problem in this area of offshore investments than was previously even realized it sounds like we're going to be le

papers well this is the second biggest leak following the panama papers but it's really enormous because last year we started this conversation about where is the world going in terms of assessing the dimension of global financial leakage of secrecy of anonymous companies around the world and this continues to point the finger at large companies and major power. titian's in terms of the secrecy surrounding their financial affairs your your organization is demanding that all countries have central public registers of the real owners of companies do you think that's going to happen in the foreseeable future well it's not only going to happen it's already happening in the u.k. they've begun this in denmark and in ukraine there are commitments that are emerging around the world by governments because they recognize it's important to know who is behind the company who's behind the corporate interests who benefits from the wealth of corporations the number of. people who are watching this of analysts who are following this they're coming out and saying that now give you an example the pseudo j

the trump ocean club panama city. the president doesn't own the building. he just licenses his name and has been paid millions for that, but our reporting shows that the building, like others in panama city, has been a magnet for suspicious business activity. trump ocean club source over the pacific and panama city and also where criminals from russian gangsters latin america drug cartels were able to hide their cash. this man was one of the tower's main brokers. >> you were coming in with hundreds of buyers? >> hundreds of buyers, yes. >> reporter: did the trump organization want to know who these buyers were? where the money was coming from? >> no. not that i am aware. no, no. not at all. >> reporter: he is now a fugitive wanted for fraud. we agreed to disguise his appearance, because he said he feared for his safety. he says that he sold units no questions asked to buyers including davide guzman, in custody in the united states, convicted of laundering millions of dollars for mexican drug cartels. ivanka trump he says was involved in the panama project a

the panama papers last year which picked up on david cameron's father. and it brings the whole morality of tax haven. zero tax, highly secret. in themselves, they are not necessarily doing anything illegal. this is about tax avoidance, the use the jargon term. but there is always the implication of something shady about this tax havens. monaco, a shiny place for shady people. the question is, who to be the first mover about doing something like this. i suspect it will not be the british overseas territories because there is too much to lose. that is the problem. u nless much to lose. that is the problem. unless everybody moves, there is a lwa ys unless everybody moves, there is always somewhere to put your money. that's right but we should not use that as an excuse not to act. 0ne that's right but we should not use that as an excuse not to act. one of the problems with the story, we have these leaks. the problems with the story, we have these lea ks. it the problems with the story, we have these leaks. it is almost groundhog day. what is the next stage?

it is maybe it is being it certainly is different because panama was known as a dirty text haven and this apple be. had a reputation of being a clean off saw. with clean and transparent. investments so if this is somehow. not quite all right what is going on there this might really influence the whole offshore scene and experts who are waiting for the papers to come out said this might really change the whole game all right time will tell still a lot to go through on your caller thanks for giving us your initial impressions. we also can on president carlos push mom along was for all their former ministers has surrendered to police in belgium the five are wanted in spain on the european arrest warrant issued there and a news conference a spokesman for the brussels prosecutor said the five now appear before a judge they face charges of sedition rebellion and misuse of public funds for holding an illegal referendum on october first to travel to belgium last week in madrid move to impose direct rule on catalonia after the original parliament declared independence. of more i'm joined now

but panama, who will be heading to the world cup next summer, equalised in injury time. armando cooper in the 94th minute. roger federer beating alexander zverev this evening in three sets. federer taking the first set on a tie—break but alexander zverev took the second so it went to a decider and in the last few minutes federer sealing victory, taking the final, 6-1. britain's most decorated track and field star mo farah has received his knighthood from the queen. farah came to the uk from somalia as a young boy, and went on to become a four—time olympic champion. this summer sir mo called time on his track career to concentrate on running marathons. he's described the knighthood as a "dream come true". our sports correspondent richard conway reports. he is britain's most successful track athlete. after a career that has brought four 0lympic gold—medal is and six world championship medals... mohamed farah, for services to athletics. today it was time to add another title with the queen on hand to convert sir mo's knighthood. it is recognition for a career that has

richard is in panama. good morning to you. >> reporter: i'm in panama city to talk about an investigation we have been working on in conjunction with reuters for months. it took that building behind me, the trump ocean club panama city. the president doesn't own the building. he licenses his name. and he's been paid millions for that. but our reporting shows, that the building, like others in panama city, has been a magnet for suspicious business activity. trump ocean club soars over the pacific and panama city, and it's also where criminals from russian gangsters, to money launders were able to hide their cash. alexander ventura was one of the tower's main brokers. you came in with hundreds of buyers? >> with hundreds of buyers, yes. >> reporter: did the trump organization want to know where the money was coming from? >> no. not that i'm aware of. no, no, not at all. >> reporter: ventura is a fugitive wanted for fraud. we agreed to disguise his appearance. he said he feared for his safety. he said he sold

documents that came from a panama law firm called. and i think people dismissed it and said this is a law firm doing bad things you know for bad people here this is very different to paradise papers basically mainly involves a company that is catering to high end people high end corporations high end individuals who are not criminals and what we're seeing here again is that this is legal but again is it is it moral is it acceptable i guess is the real question for public ok and we're talking about as much as ten trillion dollars stashed away in offshore accounts maybe you could give us an impression about how damaging this kind of tax evasion is. what we really don't know how much is in tax havens people can you can quote a figure you can pretty much make up a figure if you want to reading people don't know simply because of the secrecy and we know that almost half of world trade now goes through taxation so we have no idea how much is stashed there and it's not like the money is stashed in the caribbean account it's actually in the b

there have been investigations going on but now with the panama papers experts reckon it could be serious because for the first time there are a lot of european and american people involved and the movers and shakers of this world clearly on the right thank you so much for sharing so much more to talk about definitely definitely we will take a closer look now at the actual scheme because as you just mentioned on the other paradise papers they put the spotlight on the rich and powerful but what exactly makes those revelations so explosive is now while offshore banking has often been associated with money laundering and other crimes it is not illegal to invest your money abroad the same goes for tax avoidance schemes mostly used by the famous one percent let's take a look at how it works. it's not illegal to transfer your money offshore and enjoy much lower tax rates but you do have to have millions for the scheme to work and you need highly specialized lawyers to ensure that your income from a high tax country is taxed at a place where. rates are rock bottom. for example a german i.t. comp

richard is in panama. good morning to you. >> reporter: i'm in panama city to talk about an investigation we have been working on in conjunction with reuters for months. it took that building behind me, the trump ocean club city. the president doesn't own the building. he licenses his name. and he's been paid millions for that. but our reporting shows, that the building, like others in panama city, has been a magnet for suspicious business activity. trump ocean, where criminals, russian gangsters, to money launders were able to hide their cash. alexander ventura was one of the tower's main brokers. you came in with hundreds of buyers? >> yes. >> reporter: did the trump organization want to know where the money was coming from? >> no. not that i'm aware of. >> reporter: ventura is a fugitive wanted for fraud. we agreed to disdpguise his appearance. he said he sold units to buyers including david guzman, in custody of the united states, convicted of laundering millions for drug cartels. ivanka trump was invo

that reporting on the trump hotel in panama city came out a week ago friday. now today, the associated press reports owners of the trump international hotel in panama are working to strip president donald trump's name off the 70-story building and fire the hotel management company run by trump's family. so again, the subject of that richard engel scoop from a week and a half ago, that hotel now reportedly trying to strip trump's name off the building and get trump's business out of the business of running that facilit facility. this follows news trump's name will be stripped from the trump soho building that had financial difficulties and also been linked to allegations of money laundering and organized crime. on top of that news today, abc news reported today that a lawyer for trump national security advisor mike flynn met with investigators from special counsel robert mueller's office today. that's abc news reporting. nbc news has not confirmed. the reason it felt like another shoe was dropping when you heard that report today about flynn's lawyers meeting w

of the trump international hotel in panama are working to strip president donald trump'sb.5z name off the 70-story building and fire the hotel management company run by trump's family. so again, the subject of that richard engel scoop from a week and a half ago, that hotel now reportedly trying to strip trump's name off the building and get trump's business out of the business of running the management of that facility. this, of course, follows news from last week that trump's name is also going to be stripped from the trump's soho building which has also had financial difficulties and links to money laundering and organized crime. on top of all that news today, abc news reported today that a lawyer for trump national j mike flynn met with investigators from special counsel robert mueller's office today. abc news is reporting that, nbc news has not confirmed it. but the reason it felt like another shoe was dropping when you heard that report today about flynn's lawyers meeting with mueller, the reason that felt like another shoe dropping is because of the news that was first reported

again5t panama last weekend. he la5t led wales in a friendly against panama last weekend.” he la5t led wales in a friendly against panama last weekend. i think we we re against panama last weekend. i think we were all hoping a5 wel5h fan5, the players included that the manager would stay on, but it's not to be. he'5 manager would stay on, but it's not to be. he's going to go down as wale5' mo5t to be. he's going to go down as wale5' most successful manager and rightly so for what he's achieved. coleman is hardly taking the easy option in going to sunderland, 5truggling option in going to sunderland, struggling in the second tier. but it may never eclip5e the job he did in taking wel5h football from its toughe5t moment to its greatest one. northern ireland manager, michael o'neill, had also been linked to the sunderland job, but he's now been given permission to speak to the scottish fa about their vacant manager'5 po5ition. o'neill wa5 bitterly di5appointed when northern ireland just missed out on qualifying fo

the big difference here is with the panama papers, we didn't see a lot of american names. in this case, we are seeing a lot of american names drawn into the story. could it be two different entities doing this for two different reasons politically? not clear. we have to find out. >> to make sure i understand the relationship wilbur ross has, he has a stake in this company navigator, and one of the clients of navigator happens to be a russian shipping company? is that correct? >> right of which a share is owned by the son-in-law of vladimir putin this is a company that does business with a russian energy firm and as you saw on the tape, wilbur ross says he did nothing wrong. this is a normal commercial relationship according to the secretary of commerce. >> thank you, eamon. >>> president trump continuing his jaunt through asia today, starting in japan, now heading to south korea what is he hoping to accomplish? and why michael kors is soaring while a lot of retail is struggling so what else is new? how's your mother? umm..she's doing good. she needs more care though. she w

the corruption charges stem from documents linked from a panama law firm -- leaked from a panama law firm. he was dismissed from the supreme court in july for concealing assets abroad and other graft allegations. in syria, government forces say they have fully recaptured the eastern city from the islamic state group. the armymy now removgg booby-traps and minds left behindnd by the extremist groupn the city. "france 24" has this report. >> it is a m major blow toto the i.s. hold. syrian forces and russian warplanes were engaged in heavy fighting in the city located near the iraqi borde famously broke the city siege in september. the progress left the i.s. group encircled between the city and the euphrates river. the latest group by syrian forces has allowed them to regain complete control of the city. u.s.-backed kurdish fighters were also advancing on the city from the north. the jihadists have been present in the city since early 2015 after they captured large parts of the area and secured oil fields that helped finance their operations. despite repeated offenses by the series army

the panama papers exposed many wealthy individuals and big businesses who avoided tax through offshore trusts. labor backs any necessary changes to toughen our laws against tax avoidance. just yesterday, mr. speaker, we tried to strengthen legislation on beneficial ownership of trusts with amendments we placed to finance bill. why did the government vote against them? >> can i say to the right honorable gentleman that he raises the issue of british overseas territories. in fact, this government has taken action in relation to those british overseas territories, action that was not taken by the previous labor government. so if he says to me that this whole question of tax evasion is something that needs to be constantly looked at and government needs to be prepared to act, then my answer is yes, we are and we will. >> mr. speaker, there's a strange kind of patent here. -- pattern here. in 2015 alone, conservative members of the european parliament voted against five reports to introduce methods of fighting tax avoidance and evasion. and last week hmrc admitted that multinational compani

nobody has been prosecuted as a result of the panama papers. whether they have been robust enough is a different kettle of fish. what have we had from the panama papers in terms of actual convictions in the uk for anything at all involving tax evasion or avoidance? nothing. nothing statistically relevant. the panama papers are fake news. this new leak from bermuda is fake news. save to the extent it is a criminal endeavour to hack people's computers and these journalists should be imprisoned. tell me what you think morally. let me say that we advise very major corporations. if you are saying that tax should be paid on the basis of the morals, as they are understood in the houses of parliament at the moment, i would have great difficulty in ascertaining what the proper test should be. what tax is paid on is the law. we can remind ms hodge that her government were in power from 1997 to 2010. if they really did not like the international tax treaties which existed in europe, which enabled tax avoidance in europe by the major us corporates, they sh

thank you rick a little background reading for you here dates back to the panama type as you can see but it's relevant to this life as lake two because while it all might sound outrageous as we've said this kind of tax avoidance is often completely legal this is from a former business editor who wrote this called why some of this is perfectly legal search for panama is it out of there about com you'll find that one and it's also a good inside story on this again from a few years ago but the issues don't change. and if we've got that one there anyway mike hanna moderated that one on the. legality vs morality of tax avoidance inside story. if you want you know some facebook life story of environmentalist to protect the habitat of the world's smallest primates coming up. and so ahead on the grid top twenty three the annual global climate conference is happening in germany that fiji is presiding over its next prime minister's call for action as far as the effects of climate change. welcome back we'll look at weather conditions across the levant and western asia you see the cloud which is

speaker -- [shouting] last month european parliament inquiry set up in the wake of the panama papers claimed the uk is obstructing the fight against tax dodging and money-laundering. and just last week the eu competition commissioner announced an inquiry into uk taxation rules that may have institutionalized tax avoidance by multinational corporations. isn't the prime minister concern vital revenue is being lost to fund schools and hospitals? will she changed the rules in the budget? >> can't i say to the right honorable gentleman, we have taken extra 160 billion pounds an additional compliance revenue since 2010. and he says, he comments on measures that were being proposed this week. as i sit in my previous answer, we would've had more tax evasion, at the tax evasion measures in place at the labour party have not blocked them before the last election. this party and government has been not just acting in the uk, we've been working with the crown dependencies, working with the british overseas territories, and we been leading the world it was a conservative prime minister -- [shouti

panama and china have agreed to study the possibility of a free trade deal. the two nations signed a memorandum of understanding has panama's president visited beijing for wide ranging talks. animal established relations with china in june after cutting diplomatitic ties wh taiwan. china considers a renegade province. siemens employees protest it in several german cities friday against proposed job cuts. the industrial giant said thursday it plans to cut two percent of its global workforce nearly seven thousand employees. as it pairs back it's fossil energy department in the with the face of competition from renewable energy. roughly half those job cuts would come in germany siemens says it's open to modifying those plans after talking with unions. and portugal has made another early repayment to the international monetary fund. country's finance ministry said friday it had paid back in just under two point eight billion euros ahead of schedule. bringing to seventy six percent the amount it's returned out of a twenty six billion euro loan from the imf in twen

leaks and then the luxemburg leaks the loxley and then there was the panama papers leaks and everybody shouts but nothing happens none of the laws change everything still saves say the same they have their alternative. you know banking system and financial system and tax system they also want in these trade deals to get their own justice system the investor state dispute settlements so they would be removed from any of our ordinary justice which remember the system we live in is very harsh and very severe justice is harsh taxes are harsh obamacare is harsh education costs are harsh their system is like so smooth no barriers no ease of movement no taxes in every no no justice for deferred prosecution or prosecution is. and lollipops free money from the price is up for today with the world i live in that's what the world they live him and then but we were stuck in these like border sort of countries with access. ghettos you could see arc whatever nation you live in you're essentially stuck in a ghetto and yet our media will like set up these paradigms of like here's the right here's the

he also worked on the "panama papers" investigation, and is co-author of the book "panama papers: the story of a worldwide revelation." if you could start out by explainingng how these papers we released and then talk about some of the most outstanding examples with in it, who this is implicating. >> hello. we started the paradise papers investigation more than the year ago was that it was the result -- the first results were published yesterday at noon. that was u.s. east coast time. the paradise papers show exactly how the super rich and how corporate hide behind their money offshore. sometimes it is illegal, sometimes it is still legal but i think it is still illegitimate because hiding or avoiding taxes means there is money going away, ,oney that our countries neeeed our societies need, for example, to build streets, schools. i think this is a global problem. it is a problem in the u.s., but also the european union. is a globalhere approach needed. amy: can you talk about some of the most stunning findings in this? what your most shocked by? >> i was really surprised of the huge e

we previously had other leagues, the panama lea ks and previously had other leagues, the panama leaks and now the paradise papers and we are sadly seeing that a lot of taxes being avoided through measures we could tighten up if we had greater transparency. when you say quite easily, what are you thinking? for example, we work in acting the finance act in the commons, i don't want to go into the technicalities but labour suggested that fought non—doms, they would need to declare where they had a trust, and how much tax they were not bringing in because they had a trust. this scandal that is breaking now is about offshore trusts. there would be things we could have done last week. the government didn't agree and blocked it. we're going to keep pushing for greater transparency because i think ultimately what happens, when these schemes come to light, that's what tends to stop them because people don't want to be associated with them. they know that ultimately they would fail the neighbour test, whether ordinary people would accept this approach, and they wouldn't. you talk about things

did anything change after the last set of papers, the panama papers, which revealed a certain amount of tax avoidance by people and companies? there was a lot of sound and theory but i don't think much has changed. the european parliament conducted an enquiry but unless the big global governments, the uk in particular, get around the table and say that we wa nt to get around the table and say that we want to bring transparency to the operations of overseas territories and other places around the world, nothing will change. places like the uk must take leadership. you would think that there is a big financial incentive for them to do that. why don't they take more action? for the uk, the overseas territories represent a burden. this is good business for those territories and so business for those territories and so the question is, what would replace that business if it went away? maiga would be that transparency doesn't mean the business must stop, it must be done ina way business must stop, it must be done in a way that everyone can see and understand. we know that the un have urged