The renowned US economist Joseph Stiglitz has left the furnished by the “Panama Papers” scandal Committee for the reform of the financial sector of Panama. The Nobel laureate and renowned Swiss criminal law professor Mark Pieth had withdrawn from the expert panel because of “internal differences”, the Panamanian government said on Friday.
The committee was set up after the scandal, to develop proposals for reform. In the center of the scandal to shell companies is the financial firm Mossack Fonseca. By evaluating eleven million documents a worldwide network of journalists had unveiled in April, as the firm dozens top politicians, sports stars and other celebrities helped to avoid paying taxes.
Stiglitz won the 2001 Nobel Prize in economics and is a professor in New York
The revelations called global tax investigators on the scene and added the image of Panama as a financial center heavy damage.
The committee headed by Stiglitz had filed in July an initial report containing reform proposals. Stiglitz won the 2001 Nobel Prize for Economics is a professor at Columbia University in New York. The government of Panama thanked him and Pieth on Friday for their services and assured, it maintained “transparency and international cooperation” in the fight against money laundering and tax
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