01290nam a22001097a 4500100001300000245015400013260006900167300000800236520074500244650001500989856017601004  aMbeki, T  aPanama Papers: The AU/UNECA High Level Panel’s Warnings on Tax Evasion, Illicit Financial Flows and Tax Havens are Not Just another Recommendation!  aAddis AbababUnited Nations Economic Commission for Africac2016  a2p.  aThis is a statement by the IFF panel chair Thabo Mbeki over the furore in the global community regarding reports on “the Panama Papers”, an enormous leak of more than 11 million documents which are said to date back up to four decades and are allegedly connected to a Panama law firm. On an even graver note, data from these documents show that that the firm worked with more than 14,000 banks, law firms, company incorporators and other middlemen to set up companies, foundations and trusts for customers. In a time such as this when the issue of curbing Illicit Financial Flows, brought on by practices such as tax evasion and the use of Tax Havens, is one of Africa’s priorities, the release of these Panama Papers is most welcome.  aTax Havens  uiffoadatabase.trustafrica.org/iff/The AU UNECA High Level Panel’s Warnings on Tax Evasion, Illicit Financial Flows and Tax Havens are Not Just another Recommendation.pdf