• Huge leak reveals how the world's rich and powerful hide their money and dodge sanctions/taxes
    434 replies, posted
[QUOTE=Nitro836;50072354]Why do rich people refuse to pay money to their own country and assist it in providing services to themselves and everybody else as well? Are they just that greedy and unwilling to part with their money?[/QUOTE] When too much isn't enough.
There certainly smells of bias in the reporting. Former UK Ambassador had this to say: [quote]The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include Ford Foundation Carnegie Endowment Rockefeller Family Fund W K Kellogg Foundation Open Society Foundation (Soros)[/quote] [url]http://www.globalresearch.ca/selective-leaks-of-the-panama-papers-create-huge-blackmail-potential-smear-people-the-u-s-dislikes/5518635[/url] Soo... yeah. I wouldn't be surprised if this is a selective leak that will only really affect others, as well as a few token examples from the west (see Iceland) and the actual purpose of this is to justify with the public the setting up a global tax structure to enforce taxation laws across borders - global taxation.
[QUOTE=Zenreon117;50073748]There certainly smells of bias in the reporting. Former UK Ambassador had this to say: [url]http://www.globalresearch.ca/selective-leaks-of-the-panama-papers-create-huge-blackmail-potential-smear-people-the-u-s-dislikes/5518635[/url] Soo... yeah. I wouldn't be surprised if this is a selective leak that will only really affect others, as well as a few token examples from the west (see Iceland) and the actual purpose of this is to justify with the public the setting up a global tax structure to enforce taxation laws across borders - global taxation.[/QUOTE] Global taxation is something those companies want to avoid. Agree though. Definately selective. Not many US names on there. [quote]W K Kellogg Foundation[/quote] Kellogs are tax avoiders so this "investigation" will be largely bullshit.
Its selective enough to appear like all the data has been handed over, but honestly, enough just to piss off the population of Iceland and some other scandals, but a huge stab at Russia and China. I'll be honest, this whole thing smells of a state sponsored hack.
PM just now announced resignation.
[QUOTE=Boilrig;50073789]Its selective enough to appear like all the data has been handed over, but honestly, enough just to piss off the population of Iceland and some other scandals, but a huge stab at Russia and China. I'll be honest, this whole thing smells of a state sponsored hack.[/QUOTE] It could well be actually. However They ended up screwing up. There is going to be increased calls of fixing Tax system, and getting the rich to pay taxes.
I really whole heartily hope they fucking get them all
[url]https://a.pomf.cat/oauumm.pdf[/url]
[video=youtube;LrsI0Sw2hq8]https://www.youtube.com/watch?v=LrsI0Sw2hq8[/video] Apparently Sanders predicted that this was happening. :shock: [QUOTE=smurfy;50074767]They just dropped a new name into the shit: Gianni Infantino, the new head of [B]FIFA[/B] [/QUOTE] Not surprising at all. Just proves the point even more about how corrupt FIFA is.
They just dropped a new name into the shit: Gianni Infantino, the new head of FIFA [url]http://www.theguardian.com/news/2016/apr/05/panama-papers-pull-fifa-uefa-chief-gianni-infantino-corruption-scandal[/url] [quote]The new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak. Files seen by the Guardian will raise questions about the role Fifa’s president, Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body. According to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them. The emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter.[/quote]
Icelands PM just resigned when 8% of the countrys population showed up angry at his doorstep. [url]www.grapevine.is/news/2016/04/05/prime-minister-resigns/[/url]
As happy i am about him resigning as its a question of principle, this won't actually change anything as Sigmundur will remain as head of the party and he and the new pm are good friends. He will still be pulling the strings, just not as pm.
[QUOTE=Cypher_09;50072937]LMAO if you think the CIA told mods to take down this random guys crazy conspiracy post :v: It probably started as a little joke because he wanted to ban him for being a conspiracy nut but thought of a clever title. everybody jumped on it and they all went "eh why not, let's have some fun with em freaking out"[/QUOTE] Why do you think that there is no chance of CIA doing this? I'm fairly certain JIDF and CIA are more than capable of doing something like this, regardless of this being a prank or not.
To think, with all the money these people shove into offshore havens, imagine how many countries can be economically repaired?
[QUOTE=SonicHitman;50075679]To think, with all the money these people shove into offshore havens, imagine how many countries can be economically repaired?[/QUOTE] Probably not the more wealthy ones, if the issue is economic imbalance. If all the tax-evaded and embezzled money stayed in the countries of origin (and in the relevant economies), I imagine it would help a lot of countries that have larger issues with things like these though.
[QUOTE=SonicHitman;50074711][video=youtube;LrsI0Sw2hq8]https://www.youtube.com/watch?v=LrsI0Sw2hq8[/video] Apparently Sanders predicted that this was happening. :shock:[/QUOTE] Let's see if his numbers end up holding up. Based on what I've heard we haven't heard any real release about US companies.
[QUOTE=SonicHitman;50075679]To think, with all the money these people shove into offshore havens, imagine how many countries can be economically repaired?[/QUOTE] Which countries, and how would the influx of money magically fix their economies?
[QUOTE=The Rifleman;50074442]I really whole heartily hope they fucking get them all[/QUOTE] There's a good chance that most of the people implicated in this have done nothing illegal at all. People here are loving to throw around the term 'tax evasion', but given that most of this legal firm's activities revolved around establishing shell corporations, it lends itself heavily to 'tax avoidance'. Tax avoidance might be unethical, hence the resignation of Iceland's PM, but it's not illegal (unlike tax evasion). Tax avoidance: Using loopholes and legal trickery to legally reduce tax liabilities. Hence why a legal firm like Mossack Fonseca would be offering their services to all of these clients. Tax evasion: Illegally reducing tax liabilities through things like failing to report taxable income. Tax offices around the world have gotten really good at tackling this, so it's not that much of a thing anymore. I'm willing to bet that most instances of tax evasion are done by small businesses.
The UK regulator has ordered all UK banks and financial firms to disclose any links they have to Mossack Fonseca by the end of next week [url]http://gu.com/p/4t6nk[/url]
Looks like the exploit was too easy against a low-secured website: [url]https://vimeo.com/161966079[/url]
Rich people hide there money from tax :O Shocking i would never of thought this could happen?
[QUOTE=Redneeble;50095837]Rich people hide there money from tax :O Shocking i would never of thought this could happen?[/QUOTE] I don't think people are shocked that this happens, but it being exposed is a big deal.
According to AP, the lack of Americans on the list is due to the legal firm having a policy against taking American clients.
[QUOTE=Mr. Someguy;50101020]According to AP, the lack of Americans on the list is due to the legal firm having a policy against taking American clients.[/QUOTE] we already have delaware to tax dodge in. the firm in these papers also had an office in nevada, the funny thing is, a few years ago the FBI subpoenaed them and they mysteriously packed up all their shit, well some of these emails clearly say "GTFO with all the files!" which [I]is[/I] highly illegal
I know dude who had company in Delaware just for that reason. Then the company needed to be shut down for weird reason o:
[url]http://www.wired.com/2016/04/inside-the-worlds-tax-havens/#slide-15[/url] I get confused as to how anyone really defends tax havens seeing as they have more money than god squirreled away in them to never be used and only to be hoarded Seriously if you don't think that much wealth concentrated in small hands in small areas isn't a disaster for our planet in the making, nothing is.
[QUOTE=HumanAbyss;50107486][url]http://www.wired.com/2016/04/inside-the-worlds-tax-havens/#slide-15[/url] I get confused as to how anyone really defends tax havens seeing as they have more money than god squirreled away in them to never be used and only to be hoarded Seriously if you don't think that much wealth concentrated in small hands in small areas isn't a disaster for our planet in the making, nothing is.[/QUOTE] Tax Havens are horrible because like you said, its just hoarding, instead of actually being taxed and paying back to where you run your businesses.
[QUOTE=HumanAbyss;50107486][URL]http://www.wired.com/2016/04/inside-the-worlds-tax-havens/#slide-15[/URL] I get confused as to how anyone really defends tax havens seeing as they have more money than god squirreled away in them to never be used and only to be hoarded Seriously if you don't think that much wealth concentrated in small hands in small areas isn't a disaster for our planet in the making, nothing is.[/QUOTE] I don't think people so much defend tax havens as a good thing as much as they defend them as an appropriate response to some current government regulation/tax rates. They put the blame on government's bad governance more than on the people trying to get around them.
[QUOTE=sgman91;50109197]I don't think people so much defend tax havens as a good thing as much as they defend them as an appropriate response to some current government regulation/tax rates. They put the blame on government's bad governance more than on the people trying to get around them.[/QUOTE] wrongly then. As an excuse then. There's no logical reason a fraction of a fraction of a fucking fraction of the population of earth gets to hold literally trillions of dollars for utterly useless reasons. This is where I draw the line. There's no exception in capitalism besides the "FUCK YOU I GOT MINE" exception that justifies this. There's no reason, or right, for a person to keep more money than they could possibly spend in 10 of their life times. There's no capital generation here. There's no job creation here. This is pure unadulterated fucking greed, and I won't stand for people defending it as a right of the rich to stomp on the poor.
Lol, they aren't "stomping on the poor" by not paying taxes on a portion of their income, especially when they're already paying the vast majority of taxes. We've created a system of governance that depends upon shafting the rich. We're just starting to see what happens when the rich decide they don't want to be shafted anymore. Neither you or I have a right to their money any more than they have a right to our labor.
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