Justice Minister: Panama Papers to be analyzed

Poland's Justice Minister Zbigniew Ziobro said that the so-called Panama Papers concerning setting up companies in tax havens to launder money and evade taxes will be analyzed by Polish authorities. Asked if a formal investigative procedure will be launched, Ziobro said that he hasn't ruled that out. "It is too early to announce decisions," he added. The minister said that it is possible the case will be proceeded in combination with last year's leak from the Swiss unit of HSBC bank, although the prosecutor office didn't pick up the case last year. Prime Minister Beata Szydło said she is waiting for the Ministry of Finance to present its opinion on the matter and then she will announce her statement. She also expressed hope that the EU will work towards raising the effectiveness of tax collection.