Massive "Panama Papers" leak released

[Tommy Tainant]

Warming up.

 

[georgephillip]

Does anyone find this interesting?

"These are the countries implicated in the 'Panama Papers.' (JCRules / CC BY-SA 4.0)

"Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1 percent, and the massive leak of their documents ought to be a wonderful thing.

"Unfortunately, the leaker has made the dreadful mistake of turning to the western corporate media to publicize the results. In consequence the first major story, published Sunday by the Guardian, is all about Vladimir Putin and a cellist on the fiddle. As it happens, I believe the story and have no doubt Putin is bent."
Corporate Media Gatekeepers Protect Western 1 Percent From Panama Leak
I wonder if the fact there are no names from North America has anything to do with the upcoming presidential election?

 

[Tommy Tainant]

Does anyone find this interesting?

"These are the countries implicated in the 'Panama Papers.' (JCRules / CC BY-SA 4.0)

"Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1 percent, and the massive leak of their documents ought to be a wonderful thing.

"Unfortunately, the leaker has made the dreadful mistake of turning to the western corporate media to publicize the results. In consequence the first major story, published Sunday by the Guardian, is all about Vladimir Putin and a cellist on the fiddle. As it happens, I believe the story and have no doubt Putin is bent."
Corporate Media Gatekeepers Protect Western 1 Percent From Panama Leak
I wonder if the fact there are no names from North America has anything to do with the upcoming presidential election?

You have to wonder dont you ? Its possible that you Americans are just that much more honest than the rest of us ?

 

[TNHarley]

Radio here reports many heads of state are implicated, including China, Saudi Arabia and Russia, but no Americans.

I heard this morning there were American industrialists involved..

 

[Picaro]

Does anyone find this interesting?

"These are the countries implicated in the 'Panama Papers.' (JCRules / CC BY-SA 4.0)

"Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1 percent, and the massive leak of their documents ought to be a wonderful thing.

"Unfortunately, the leaker has made the dreadful mistake of turning to the western corporate media to publicize the results. In consequence the first major story, published Sunday by the Guardian, is all about Vladimir Putin and a cellist on the fiddle. As it happens, I believe the story and have no doubt Putin is bent."
Corporate Media Gatekeepers Protect Western 1 Percent From Panama Leak
I wonder if the fact there are no names from North America has anything to do with the upcoming presidential election?

You have to wonder dont you ? Its possible that you Americans are just that much more honest than the rest of us ?

Few Americans own multi-national companies with overseas profits to hide or have the type of income that would make off-shoring a viable activity; most of those companies are domiciled in some British protectorate or other, like the Bahamas, Isle of Man, British Virgin Islands, etc., etc., or a post office box in Delaware, with ownerships kept secret.

Given Panama is a U.S. haven, we'll see some coming out, it's just unlikely most of it will be illegal under U.S. law, just embarrassing for the politicians and parties on those companies' payrolls, like Hillary for instance.

 

[there4eyeM]

The report was very preliminary. It was surprising that no Americans would be implicated. An enormous amount of capital is involved.

 

[Tommy Tainant]

The BBC reporting that the new FIFA President s involved.A deal with a media company that he denied last year. Nobody is shocked.

 

[edthecynic]

Count on the Clintons and their Foundatation being named. This is right up their alley. Tax us and hide theirs.

It comes as no surprise that without a single shred of evidence the Right-wing whack jobs find a way to attack the Clintons!!! Next the Right will find a way to blame Obama and Clinton for the very existence of these money laundering offshore corporations.
It is much more believable that Romney or Trump would be named if you want to speculate with no evidence!

 

[georgephillip]

ou have to wonder dont you ? Its possible that you Americans are just that much more honest than the rest of us ?

Can there be any doubt???

 

[Picaro]

Count on the Clintons and their Foundatation being named. This is right up their alley. Tax us and hide theirs.

It comes as no surprise that without a single shred of evidence the Right-wing whack jobs find a way to attack the Clintons!!! Next the Right will find a way to blame Obama and Clinton for the very existence of these money laundering offshore corporations.

lol ...

Clinton foundation received up to $81m from clients of controversial HSBC bank

Judiciary Report - Hillary And Bill Have Made $109 Million

Today, they've released their tax records showing they've made $109 million since leaving the White House, given to charity in the form of their own foundation (hmmm) and that was right after stealing White House furniture before they left, then pimping out Bill at the opening of every envelope and cutting of every ribbon to get rich. He's also available for weddings and Bar Mitzvahs.


Irrespective of all that, based on what I have read today about the release of their IRS returns, they still haven't addressed the matter of their offshore accounts in Grand Cayman that they don't pay taxes on.

Clintons Have Three Cayman Island Accounts

Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show that Bill Clinton, 61, has a financial stake in three investment entities registered in the Cayman Islands by Burkle’s Yucaipa Cos. LLC.

In 2004, Hillary Clinton, a New York senator, said she wanted to close the “loopholes” for “people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters

Hillary Clinton’s Money Issues - The New Yorker

Big Backers of Clinton Foundation Found in Leaked Swiss Bank Files: Report

Clinton Foundation Donor UBS Benefited From Hillary Clinton’s Intervention With The IRS - America Rising

... and on and on and on ... And FYI I'm no 'right wing wack job', and neither is CommonDreams or the New Yorker etc.

Grow up and learn some new memes and ad homs; the old ones are just embarrassing for astro-turfers to keep repeating. The stupid premise that Trump is somehow worse than a Hillary's Vagina Presidency is pure fantasy.

Anybody else remember when Hillary took money from a Muslim Brotherhood terrorist front in her 2008 campaign, and then tried to blame some flunky for a 'typo' when she hid the real name of the donors, changing the donor to 'American Museum Council'? lol that was classic.

 

[georgephillip]

Given Panama is a U.S. haven, we'll see some coming out, it's just unlikely most of it will be illegal under U.S. law, just embarrassing for the politicians and parties on those companies' payrolls, like Hillary for instance.

Sad, but true, IMHO, at least in regards to corporate tax evasion:

Untaxed U.S. corporate profits held overseas top $2.1 trillion: study

"Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.

"'The new numbers ... certainly highlight what is one of the key challenges for tax reform. I do think there need to be some reforms in this area,' Senate Finance Committee Chairman Ron Wyden told reporters on Tuesday on Capitol Hill."

 

[Political Junky]

http://www.nytimes.com/2016/04/06/world/europe/panama-papers-iceland.html?_r=0

The Icelandic Prime Minister is gone due to the Panama Papers.
Look out for Americans to go next.

 

[edthecynic]

Count on the Clintons and their Foundatation being named. This is right up their alley. Tax us and hide theirs.

It comes as no surprise that without a single shred of evidence the Right-wing whack jobs find a way to attack the Clintons!!! Next the Right will find a way to blame Obama and Clinton for the very existence of these money laundering offshore corporations.

lol ...

Clinton foundation received up to $81m from clients of controversial HSBC bank

Judiciary Report - Hillary And Bill Have Made $109 Million

Today, they've released their tax records showing they've made $109 million since leaving the White House, given to charity in the form of their own foundation (hmmm) and that was right after stealing White House furniture before they left, then pimping out Bill at the opening of every envelope and cutting of every ribbon to get rich. He's also available for weddings and Bar Mitzvahs.


Irrespective of all that, based on what I have read today about the release of their IRS returns, they still haven't addressed the matter of their offshore accounts in Grand Cayman that they don't pay taxes on.

Clintons Have Three Cayman Island Accounts

Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show that Bill Clinton, 61, has a financial stake in three investment entities registered in the Cayman Islands by Burkle’s Yucaipa Cos. LLC.

In 2004, Hillary Clinton, a New York senator, said she wanted to close the “loopholes” for “people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters

Hillary Clinton’s Money Issues - The New Yorker

Big Backers of Clinton Foundation Found in Leaked Swiss Bank Files: Report

Clinton Foundation Donor UBS Benefited From Hillary Clinton’s Intervention With The IRS - America Rising

... and on and on and on ... And FYI I'm no 'right wing wack job', and neither is CommonDreams or the New Yorker etc.

Grow up and learn some new memes and ad homs; the old ones are just embarrassing for astro-turfers to keep repeating. The stupid premise that Trump is somehow worse than a Hillary's Vagina Presidency is pure fantasy.

Anybody else remember when Hillary took money from a Muslim Brotherhood terrorist front in her 2008 campaign, and then tried to blame some flunky for a 'typo' when she hid the real name of the donors, changing the donor to 'American Museum Council'? lol that was classic.

And, of course, not a single one of those links has anything at all to do with the Panama Papers.
All you can do is deflect with more wild speculation backed by only rumor and gossip.

 

[WildBillKelsoe]

There are no secrets any more. I'm not sure that's a good thing.

Yeah, we should be able to hide our illegal activity.

We should be able to keep legal activity private.

 

[WildBillKelsoe]

http://www.nytimes.com/2016/04/06/world/europe/panama-papers-iceland.html?_r=0

The Icelandic Prime Minister is gone due to the Panama Papers.
Look out for Americans to go next.

Only Aericans that Liberals don't like.

 

[boedicca]

Given Panama is a U.S. haven, we'll see some coming out, it's just unlikely most of it will be illegal under U.S. law, just embarrassing for the politicians and parties on those companies' payrolls, like Hillary for instance.

Sad, but true, IMHO, at least in regards to corporate tax evasion:

Untaxed U.S. corporate profits held overseas top $2.1 trillion: study

"Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.

"'The new numbers ... certainly highlight what is one of the key challenges for tax reform. I do think there need to be some reforms in this area,' Senate Finance Committee Chairman Ron Wyden told reporters on Tuesday on Capitol Hill."

Such a load of swill. The profits held overseas have already been taxed in the local jurisdictions. The U.S. is one of the few countries in the world to double tax foreign profits...I think Zimbabwe is the other hold that still does such double taxation.

 

[Picaro]

Such a load of swill. The profits held overseas have already been taxed in the local jurisdictions. The U.S. is one of the few countries in the world to double tax foreign profits...I think Zimbabwe is the other hold that still does such double taxation.

Wrong as usual; Google 'foreign tax credits', and also Google tax codes for any jurisdiction you care to name. This is as dumb and ignorant as the 'taxing dividends is double taxation' bullshit myth peddled a while back. And, paying taxes in sweatshop countries like Red China does not benefit the U.S. in any way whatsoever. If they don't like paying taxes to their labor racketeering buddies tough, they can move their factories back over here.

To arrive at a 35 percent effective tax rate on corporate foreign earnings, the IRS affords U.S. corporations a foreign tax credit against U.S. taxes equal to the corporate taxes they paid to foreign governments. When corporations repatriate their foreign earnings, they are required to report how much income they earned in each country they operated in and how much they paid those countries in corporate income taxes. The credit U.S. corporations receive is equal to the corporate income taxes paid to foreign governments on foreign earned income that is returned to the U.S.[3]

How Much Do U.S. Multinational Corporations Pay in Foreign Income Taxes?

One can also Google Glencore and find out how moving profits from lowballing goods produced in one country can be laundered through dummy companies around the world and end up in Swiss or Bahaman banks with taxes paid in being next to nothing relative to the profits made, especially on commodities like copper.

 

[boedicca]

Such a load of swill. The profits held overseas have already been taxed in the local jurisdictions. The U.S. is one of the few countries in the world to double tax foreign profits...I think Zimbabwe is the other hold that still does such double taxation.

Wrong as usual; Google 'foreign tax credits', and also Google tax codes for any jurisdiction you care to name. This is a dumb as the 'taxing dividends is double taxation' bullshit myth peddled a while back.

You have your head up your anal orifice, as usual.

When a U.S. corporation repatriates foreign profits (cash) into the U.S., they are taxed again...even if they have already paid foreign taxes.

 

[Picaro]

Such a load of swill. The profits held overseas have already been taxed in the local jurisdictions. The U.S. is one of the few countries in the world to double tax foreign profits...I think Zimbabwe is the other hold that still does such double taxation.

Wrong as usual; Google 'foreign tax credits', and also Google tax codes for any jurisdiction you care to name. This is a dumb as the 'taxing dividends is double taxation' bullshit myth peddled a while back.

You have your head up your anal orifice, as usual.

When a U.S. corporation repatriates foreign profits (cash) into the U.S., they are taxed again...even if they have already paid foreign taxes.

Posting more gibberish doesn't make you look any smarter, just dumber.

 

[boedicca]

Such a load of swill. The profits held overseas have already been taxed in the local jurisdictions. The U.S. is one of the few countries in the world to double tax foreign profits...I think Zimbabwe is the other hold that still does such double taxation.

Wrong as usual; Google 'foreign tax credits', and also Google tax codes for any jurisdiction you care to name. This is a dumb as the 'taxing dividends is double taxation' bullshit myth peddled a while back.

You have your head up your anal orifice, as usual.

When a U.S. corporation repatriates foreign profits (cash) into the U.S., they are taxed again...even if they have already paid foreign taxes.

Posting more gibberish doesn't make you look any smarter, just dumber.

And yet you keep doing it over and over and over again...and proving Einstein correct.