Panama Papers
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- deathboy0
Is it just me or have I not really seen much relevant info about these papers. I smell what they're selling but I haven't seen it yet. So far it seems like trying to shame people for doing something legal but frowned upon. I haven't been following it to closely so I might be missing something. But if its just tax sheltering how is that so much different than investment in health savings or retirement accounts to evade taxes? Isn't it just smart business by gaming the system to the best of your ability. Dont hate the playa hate game sort of thing.
Unless there really is technically some illegal stuff but even in this thread Im not seeing mention of it...
- I'm sure there's some proper illegal stuff there but I haven't seen it either.
I don't feel offended by it.ORAZAL - They are bending the rules rather than breaking them. Cunning financial practises to set up companies in territories with beneficial tax laws then...face_melter
- ...providing said companies with funding to avoid paying tax on the cash in the person's country. It is more about the deliberate intent than the act itself.face_melter
- I know how it works. However, I've never heard anybody say anything positive about paying taxes [themselves].ORAZAL
- ok so im not missing muchdeathboy
- I'm sure there's some proper illegal stuff there but I haven't seen it either.
- drake-von-drake-2
Oops! Sorry Hillary you have more problems.
Obama and Clinton Supported and Enabled Tax Evasion Revealed By the “Panama Papers” / Sanders did not
http://www.zerohedge.com/news/20…Barack Obama pushed the trade deal with Panama which allowed the tax evasion revealed by the "Panama Papers" to flourish. Huffington Post reported in 2011:
Obama is also urging Congress to approve a trade agreement that would cement a key tax avoidance tactic deployed by some of the richest Americans.
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Obama urged Congress approve three trade deals, including one with Panama that would permit Americans to easily stash assets in the Central American country, a notorious tax haven for the wealthy and American corporations.
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Panama does have some of the most stringent bank secrecy laws in the world, making it extremely easy and inexpensive for U.S. citizens to set up offshore corporations and bank accounts. Establishing the corporation and bank account costs less than $2,000, and any money that Americans stash in these entities is not taxed. Bank secrecy laws and extremely lax corporate registration standards make it very difficult for the Internal Revenue Service to track transactions transferring funds to these Panamanian destinations from the United States. Small surprise, then, that Panama is home to nearly 400,000 offshore corporations, more than any other nation except Hong Kong.***
The trade agreement with Panama would effectively bar the U.S. from cracking down on this activity. The U.S. would not be allowed to treat Panamanian financial services transactions differently from transactions in nations that are not tax havens. It would also be unable to pursue some standard anti-money laundering techniques in Panama. Combating tax haven abuse in Panama would be a violation of the trade agreement, exposing the U.S. to fines from international authorities.
“It directly undermines Obama’s putative domestic agenda of job creation, cracking down on tax havens and collecting revenue from tax-dodging corporations,” said Lori Wallach, Director of Public Citizen’s Global Trade Watch. “The [free trade agreement] would forbid future use of existing policy tools to combat financial crime.”
Hillary Clinton did as well ...International Business Times reports:
Soon after taking office in 2009, Obama and his secretary of state [Hillary Clinton] — who is currently the Democratic presidential front-runner — began pushing for the passage of stalled free trade agreements (FTAs) with Panama, Colombia and South Korea that opponents said would make it more difficult to crack down on Panama’s very low income tax rate, banking secrecy laws and history of noncooperation with foreign partners.
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Upon Congress ratifying the pact, Clinton issued a statement lauding the agreement, saying it ... "will make it easier for American companies to sell their products." She added: "The Obama administration is constantly working to deepen our economic engagement throughout the world, and these agreements are an example of that commitment."
But Bernie Sanders opposed the tax evasion deal with Panama, and prophetically warned in 2011:Panama’s entire annual economic output is only $26.7 billion a year, or about two-tenths of 1 percent of the U.S. economy. No one can legitimately make the claim that approving this free trade agreement will significantly increase American jobs. Then, why would we be considering a stand-alone free trade agreement with Panama, tiny little country?
Well, it turns out that Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in offshore tax havens. And the Panama free trade agreement will make this bad situation much worse. Each and every year, the wealthiest people in our country and the largest corporations evade about $100 billion in U.S. taxes through abusive and illegal offshore tax havens in Panama and in other countries. So, according to Citizens for Tax Justice—and I quote—"A tax haven ... has one of three characteristics: It has no income tax or a very low-rate income tax; it has bank secrecy laws; and it has a history of non-cooperation with other countries on exchanging information about tax matters. Panama has all three of those. ... They’re probably the worst."
- http://www.ibtimes.c…drake-von-drake
- Really don't know if this can be made to stick to her, though, not without her being explicitly listed as a tax evader (which she probably is, but still).Continuity
- you're probably right, but read between the lines. educated voters should take note. low-information sheep will pull the lever for her (blacks, women, college)drake-von-drake
- demographicdrake-von-drake
- von yuri trollinDrumpf
- ^ coming from a green Drumpf. RIGHT MORONdrake-von-drake
- drake-von-drake-2
- yeah FUCKING crickets, your goddamn poster boy.drake-von-drake
- utopian1
The release contained 11.5 million documents chronicling the formation and actions of 214,000 offshore companies along with the names and manipulations of more than 14,000 clients. Among the clients are:
• 12 heads of state
• More than 150 politicians
• 29 billionaires on the Forbes list
• Multiple financiers of terrorism
• Nuclear-weapons proliferators
• Prominent sports and entertainment figures
• Numerous CIA-linked companies- I want more US people on this list, you know DAMN well there are moredrake-von-drake
- OBBTKN0
A move to convert the US in the "safest" tax haven in the world, and by the way, a way of extortion to countries and governments
The World’s Favorite New Tax Haven Is the United States
- Projectile1
I love this sort of thing, as finally people who are being greedy cunts can no longer safely do it in secret.
They will still do it, and there's still not a helluva lot that we can do.. but hopefully it will make the world a more transparent place!
War, terrorism, famine, gangs and many of the biggest problems in this world are root-caused by inequality and corrupt greed. This kind of thing should be followed by another, but better organised, Occupy movement and maybe we can actually start taking things back to the way they were.
- How far do you want this back? Do you have a specific date in time?ORAZAL
- If we had the level of aristocracy of as little as 100 years ago with today's tech, Earth could be utopiaProjectile
- https://en.wikipedia…ORAZAL
- absolutely. fucking cunt wolves hiding in sheep's clothing. see US democratsdrake-von-drake
- Bennn1
The Humanity is shit.
- instrmntl0
- It's extremely naive to think that the scandal is the result of Panama opening its doors to tax heavens.
Blame it rather on the corruption of minds of those whopr2 - reach for highest echelon of power (hint: like those who run for presidency...).pr2
- ^ Do you mean Hillary Clinton?drake-von-drake
- http://www.zerohedge…drake-von-drake
- i meant Clinton, Sanders and the other clowns.pr2
- It's extremely naive to think that the scandal is the result of Panama opening its doors to tax heavens.
- nb4
The Obama administration was so quick to call Edward Snowden a traitor, but seems quite happy to get these leaks.
Fucking politicians.
- we agree, similarly Hillary is against Snowden and Assange. http://www.newyorker…drake-von-drake
- Yes, of course she would be. Aren't all US politicians anti-Snowden? At least publicly?nb
- IMO, they have to be, he's uncovered too much. it makes them ALL look bad, because when it comes down to it, they play off of one anotherdrake-von-drake
- it's bad enough he was a whistle-blower, but showing the hypocrisy of their ventures really hits home and harddrake-von-drake
- take a look above or below, Obama and his minions were in on this kind of shit for some time.drake-von-drake
- Read my original comment about wealth confiscation. That is intent of these leaks. Its not to bust illegal activity.Hayoth
- Even though offshore companies are illegal the govt will say "your not paying taxes" and people need free school, therefore we will confiscate your money.Hayoth
- Classic marxist operation. And dont think for one minute its only the wealthy that will be targeted. The average citizen will also be targeted. The goal is to eHayoth
- Everyone poor so they can say look, equality. Except the politicians will exrmpt themselves.Hayoth
- Arent illegal*Hayoth
- ^ Nice emo postyuekit
- "Classic marxist operation!" hahahahahahahahahaha...nb
- Classic Marxist Operation
Isn't that a Fall album?face_melter - @Hayoth, you're right dude. Do as we say, not as we do. Obama, corrupt, Clinton, corrupt just as much as the others. People are too dumb to see itdrake-von-drake
- kona13
I'm reserving judgement until Georges, drake, and yuri (and their multiple other personalities) chime in fully for at least 8 or 9 weeks.
- Dillinger2
Who benefits from the leak
- Exactly - this whole affair reaks of "cui bono?"detritus
- always hated U2drake-von-drake
- mg332
- utopian0
Where are all the Americans in the Panama Papers?
http://fusion.net/story/287671/a…- they are coming man, you just watch the names, of course the sheep will still say BAAAAAAAAAAAAAAAHdrake-von-drake
- IRNlun60
Much like Snowdens revelations, can any of this information be used in court? The only justice these heads of state will see is feeling guilty and resigning to their private islands.
Dangerous times we're in. Media shouldn't be inciting castrated mobs to go after people without trial. Which is the only kind of justice many will demand when they see courts unable to go after these people. Presumption of innocence be damned.
- This would never happen if the entire world was under a glorious, gleaming, Communist jackboot.face_melter
- Hayoth0
This is as big as edward snowdens revelations.
This thread is relevant to all of us.
I still don't understand why any US government officials aren't on here...We all know damn well we have corrupt politicians who have stolen and committed criminal acts.
http://www.nbcnews.com/storyline…
The commonality between all of these 'shady's' is they run or worked in communist govts or countries and stole from the people.
- Oh, they will be you watch. I bet the surname is Clinton.drake-von-drake
- I heard that only names revealed were done on purpose. Some kind of banking coup going onDillinger
- gonzalle2
And at the very end of the official site
https://www.occrp.org/en/panamap…
we find the name of the operation's main sponsor : Open Society; which is another name for George Soros... who is behind most "color revolutions"
- That site appears to be merely reporting a relevant story? Who says that's the official site? Seems like you're trying to stick Soros in where Soros ain't.detritus
- Whoops, I read your name as georges, haha.detritus
- georges IS Soros. GeorgeS-orosBeeswax
- He manipulates world markets using thousands of outlets like Qbn.Beeswax
- Nice theory Beeswax!ORAZAL
- Soros was also largely responsible for the collapse of the london pound and had his own citizens murdered in hungary as a child. (WW2)Hayoth
- WhiteFace0
I think I'm dyslexic, I read 'Parappa Rappa' :(
- yuekit0
Editor of Süddeutsche Zeitung responded to the lack of U.S. individuals in the documents, saying "Just wait for what is coming next"
- plot twist: it's Bernie Sanders_niko
- Sanders will be the only one left once the leaks happen, he will win by default :)yuekit
- ^ you might be right, but I doubt Trump's hands are dirty. He's not been a politician until now. He's just bought them off, HAdrake-von-drake
- yeah cause hes in debt. 64kyurimon
- Drumpf1
Chinese Censors Rush to Make ‘Panama Papers’ Disappear
Several Beijing leaders were implicated in the big leak. Reading social media, you’d never know it.
- small handsPonyBoy
- damn, those are some small fuckin handssection_014
- small hands; small cockdrake-von-drake
- trait of the lizard people_niko
