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Huge leak of confidential documents. The Panama Papers.

Apr 08 2016 at 08:59
235 posts
I think a vast majority of them will be legit. Unlike mlawson71's comment on countries that consider moving your money offshore as illegal... I know of no such countries. The big question will be, 'tax avoidance or tax evasion?', the latter being illegal. Many offshore investors will keep cash offshore to prevent double taxation and fees, their taxes on earnings are paid, but they choose to hold their capital offshore... that's ok. Money hidden in shell companies and who's tax to capital don't coincide will be the names countries will be interested in.

For every loss there should be at least an equal and opposite profit.
Apr 13 2016 at 08:50
1487 posts
I did not express myself well, for which I apologize. I was referring to hiding income in an offshore account for the purposes of tax evasion, which I am pretty sure is illegal in many places, hence scandalous, especially when people find out that politicians are doing it.

What is more, the same company has apparently been linked to financial entities funding terrorism and using the company to launder money to fund terrorism. Being even remotely related even by association to something like this can land a politician in an even bigger scandal than simply evading taxes.

Apr 13 2016 at 12:01
365 posts

One man's freedom fighter is another man's terrorist. Governments launder money at an industrial level and fund freedom fighters all the time. Just look at where ISIS came from. Through CIA, FBI, NSA or whatever security apparatus they have going.

I don't even think any modern war has been started by a real event. Bay of Tonkin comes to mind, 9/11 etc.

The only scandal here is our willingness to let them. And I think it's important to keep spreading this message.

I think the people using these services need medals. And I think we should all use it. If all of us banked in offshore jurisdictions maybe, just maybe big government would start getting the message.

And guess where the newest and best tax havens are now days ? Good 'ol USA...!

Do as I say, not do as I do...

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