impact of panama papers on Indian economy. what is panama papers. how the name came from. the data which was leaked mainly comprises of emails, pdf files, photos file and excerpts of an internal mossack fonseca database from 1970 to 2016.

2. AGENDAS
• WHAT IS PANAMA ?
• WHAT IS PANAMA PAPERS?
• WHAT IS MOSSACK FONSECA?
• WHAT IS OFFSHORE COMPANIES?
• IS OFFSHORE COMPANIES ARE ILLEGLE ?
• TAX HAVEN COUNTRIES ?
• EFFECT ON INDIAN ECONOMY ?
• INTERNATIONAL EFFECT OF PANAMA ?

3. WHAT IS PANAMA :
• PANAMA IS A COUNTRY IS CENTRAL AMERICA SITUATED IN BETWEEN
SOUTH AND NORTH AMERICA.
• PANAMA CITY IS CAPITAL OF PANAMA

7. OWNERS OF MOSSACK & FONSECA

8. • Mossack Fonseca & Co. is a Panamanian law firm and corporate
service provider, which is the world’s fourth biggest provider of
offshore financial services. From its 1977 foundation until the April
2016 publication of the Panama Paper it remained mostly obscure,
even though it sits at the heart of the global offshore industry, and
acts for about 300,000 companies. More than half are registered in
British tax havens – as well as in the UK. The firm received
worldwide media attention in April 2016, when the international
Consortium of Investigative Journalists published information about
its clients' financial dealings in the panama Papers articles,
following the release of an enormous cache of its documents from
between 1970 and 2015 leaked to the news media.

9. WHAT IS A TAX HAVEN
A TAX HAVEN IS A STATE OR A COUNTRY OR TERRITORY
CERTAIN TAXES ARE LEVIED AT A LOW RATE OR NOT AT ALL WHILE
OFFERING DUE PROCESS,GOOD GOVERNANCE AND A LOW
CORRUPTION RATE

10. WHAT IS OFFSHORE COMPANY ?
• A COMPANY WHICH IS ESTABLISHED OUTSIDE THE COUNTRY IS
CALLED OFFSHORE COMPANY.
• AN OFFSHORE COMPANY, SIMILAR TO A DOMESTIC ONE, CAN OPEN
BANK ACCOUNTS, OWN PROPERTY, OPERATE A BUSINESS, ENTER
INTO WRITTEN AGREEMENTS, BUY AND SELL AND ENGAGE IN
OTHER FORMS OF COMMERCE.

11. BENEFITS OF OFFSHORE COMPANIES
• REDUCED ADMINISTRATION
• REQUIRES LITTLE INFORMATION WHEN DOING BUSINESS
• MINIMUM TAXES
• LOWER CAPITAL REQUIREMENT
• MULTI-CURRENCY BANK ACCOUNT

14. ARE OFFSHORE ACCOUNTS ARE ILLEGLE ?
• NO,THESE ACCOUNTS ARE NOT ILLEGAL
HOWEVER,THESE ACCOUNTS FOR OFTEN USED
• TAX EVASION
• MONEY LAUNDERING
• CORRUPTION

15. EFFECT OF PANAMA PAPERS ON INDIA ?

16. IMPACT ON WORLD ECONOMY
• INCREASE OF INTREST RATE
• THE TEX FUND COULD USE FOR ROADS , SCHOOLS , HOSPITALS AND
GOVT.FUNCTIONS
• DECREASE GOVT. REVENUE
• IMPACT ON UNDER DEVLOP COUNTRY
• CURRPTION DECREASE
• STRICT LAW