Mossack Fonseca blames 'irreparable damage to reputation'
Mossack Fonseca, the law firm at the centre of the Panama Papers data leak of millions of financial documents in 2016, is to cease operating.
That's according to a release obtained by the International Consortium of Investigative Journalists.
In the statement, the corporate service provider blames the irreparable damage caused by a media campaign on its reputation, as well as the actions of 'some Panamanian authorities'.
Mossack Fonseca closed its Isle of Man office two years ago amidst the fallout from the scandal.
The revelations sparked global calls for tax evasion to be stamped out, and paved the way for the more recent Paradise Papers, which focused on the Island's tax affairs.
An investigation is currently underway by UK tax officials into the Manx government's VAT practices in relation to the importation of luxury private jets.
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