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Offshore tax havens
04-05-2013, 04:42 PM #1
Kreeper Griobhtha
Posts:11,167 Threads:770 Joined:Feb 2011

Report Exposes Secrets of Off-Shore Tax Havens



Quote:The off-shore tax havens of least 30 Americans accused of fraud, money laundering or other financial crimes have been unearthed in a groundbreaking report by The International Consortium of Investigative Journalists and a global consortium of news outlets.

The first articles based on a cache of 2.5 million files were published Thursday, exposing secrets of more than 120,000 offshore entities -- including shell corporations and legal structures known as trusts -- used to hide the finances of politicians, crooks and others from more than 170 nations.

These havens are harboring an enormous amount of money. One study estimated the total could be as high as $32 trillion. That's roughly the size of the U.S. and Japanese economies combined.

The documents give a first-ever look at how agents for giant private banks would incorporate companies in Caribbean and South Pacific micro-states. These companies would then have front people called "nominees" to serve, on paper, as directors and shareholders -- creating another layer of secrecy and protection for the companies' real owners.


These are just a few people that are in some kind of trouble. Now imagine the wealth of those above the law...


damned.gif

What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
04-05-2013, 04:45 PM #2
UniqueStranger Art in my heart
Posts:15,718 Threads:473 Joined:Jun 2012
They estimate $100 Billion in lost tax revenue for the U.S.A. They also said that it's a tricky business moving around their wealth to keep it hidden.
04-05-2013, 05:05 PM #3
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
04-05-2013, 05:19 PM #4
Shadow Incognito
 
If the gov can print money (and it does of course) why do we pay taxes at all? gaah.gif
04-05-2013, 05:20 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
(04-05-2013, 04:42 PM)Kreeper Wrote:  Now imagine the wealth of those above the law...


damned.gif


Unfathomable. Seems the days of the free ride for even the wealthiest of individuals is coming to an end.

wonder.gif

04-05-2013, 05:27 PM #6
Kreeper Griobhtha
Posts:11,167 Threads:770 Joined:Feb 2011
(04-05-2013, 05:19 PM)Shadow Wrote:  If the gov can print money (and it does of course) why do we pay taxes at all? gaah.gif


The gov doesn't print money, per se. They merely run a print service for the Fed. Kind of a Kinkos with one client. The Fed tells them how much to print and what it is worth. Then they lease it to us so we can use their money at their determined value and interest.

Quite a scam if you ask me.


13.gif

What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
04-05-2013, 05:36 PM #7
Kreeper Griobhtha
Posts:11,167 Threads:770 Joined:Feb 2011
(04-05-2013, 05:20 PM)JayRodney Wrote:  
(04-05-2013, 04:42 PM)Kreeper Wrote:  Now imagine the wealth of those above the law...


damned.gif


Unfathomable. Seems the days of the free ride for even the wealthiest of individuals is coming to an end.



Nah. They were nobodies who wanted to be somebodies. The real power brokers don't bother with secret accounts. Folks like the Rothschild family don't need to bother with hiding their money because they are exempt from having to report their holdings. Estimates have placed their worth in the hundreds of trillions. That is just the beginning of their empire.

What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
04-05-2013, 05:44 PM #8
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
(04-05-2013, 05:19 PM)Shadow Wrote:  If the gov can print money (and it does of course) why do we pay taxes at all? gaah.gif


When we were kids and played store or something we used lilac leaves as currency. That worked really well too. 13.gif
04-05-2013, 06:15 PM #9
Shadow Incognito
 
(04-05-2013, 05:27 PM)Kreeper Wrote:  
(04-05-2013, 05:19 PM)Shadow Wrote:  If the gov can print money (and it does of course) why do we pay taxes at all? gaah.gif


The gov doesn't print money, per se. They merely run a print service for the Fed. Kind of a Kinkos with one client. The Fed tells them how much to print and what it is worth. Then they lease it to us so we can use their money at their determined value and interest.

Quite a scam if you ask me.


13.gif


Golly I didn't know that blonde.gif

04-06-2013, 01:07 AM #10
Jessica6 Member
Posts:20 Threads:0 Joined:Mar 2013
Wonder why now?

http://treasureislands.org/

Then again, I've had a theory for a while that those at the very top of the ladder are planning to kick out a few of the rungs underneath them.
04-06-2013, 02:35 AM #11
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
(04-06-2013, 01:07 AM)Jessica6 Wrote:  Wonder why now?

http://treasureislands.org/

Then again, I've had a theory for a while that those at the very top of the ladder are planning to kick out a few of the rungs underneath them.


yup.gif

It's a matter of balance. If the ladder gets too top heavy it gets unstable.
04-06-2013, 09:41 AM #12
ocker1 Member
Posts:2,383 Threads:988 Joined:Mar 2011
tiny wee pacific island Vanuatu and others , are holding Squillions $

http://vanuatudaily.wordpress.com/2013/0...tax-haven/
04-06-2013, 11:16 AM #13
Accidental Stoner Member
Posts:8,641 Threads:80 Joined:Feb 2011

[Image: ar133591497399279.jpg]

chuckle.gif




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