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US Aims to Curb Tax Evasion in Aftermath of Panama Papers

President Barack Obama has proposed new regulations that would require U.S. companies to disclose more information about their owners. The administration announced the regulations Thursday in response to the leak of the "Panama Papers," millions of documents detailing international tax evasion through secret offshore accounts. U.S. Treasury Secretary Jacob Lew called on Congress to approve legislation that would enhance transparency in the U.S. banking...

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