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Old 04-03-2016, 11:33 PM   #1
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Panama Papers. How the rich avoid taxes.

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A coalition of more than 100 media organizations on Sunday published what it said was an extensive probe into the offshore financial deals of the rich and famous from documents from a Panamanian law firm, Mossack Fonseca, fed from an anonymous source.
If you want to see change, vote for Governments that stop this. It needs the US and EU to come together to ban companies and people hiding money in tax havens.
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Old 04-04-2016, 12:15 AM   #2
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I cant blame hard working people for hiding money from governments that want to redistribute their wealth to worthless dindus
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Old 04-04-2016, 12:29 AM   #3
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I cant blame hard working people for hiding money from governments that want to redistribute their wealth to worthless dindus
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Old 04-04-2016, 12:55 AM   #4
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I cant blame hard working people for hiding money from governments that want to redistribute their wealth to worthless dindus
So how about private police, ambulance, fire, and every other form of Government? with you paying for it as you use it, of course if you haven't paid and something goes wrong. You're fucked.

Most of these tax dodgers are the people who are responsible for making so many unemployed. Leaving the rest or the country to pick up the tabs. I'm waiting to see Trump's or Clinton's names on the list.
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Old 04-04-2016, 01:02 AM   #5
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I would blame technology more
100 % employed is possible only in communist countries...with low quality
how about Switzerland ? they are not so highly taxes and unemployment over there is around 5 %
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Most of these tax dodgers are the people who are responsible for making so many unemployed.
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Old 04-04-2016, 01:28 AM   #6
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So how about private police, ambulance, fire, and every other form of Government? with you paying for it as you use it, of course if you haven't paid and something goes wrong. You're fucked.
I pay enough taxes paying for products. VAT, etc.

If they want more, they should stop handing out my money to dindus who destroy civilized society.
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Old 04-04-2016, 01:57 AM   #7
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I would blame technology more
100 % employed is possible only in communist countries...with low quality
how about Switzerland ? they are not so highly taxes and unemployment over there is around 5 %
They also don't have a massive military that is spread all over the world playing world police like we do. Switzerland has a GDP of around $685 billion. The US spends that much alone on the military.
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Old 04-04-2016, 04:17 AM   #8
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I cant blame hard working people for hiding money from governments that want to redistribute their wealth to worthless dindus
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Originally Posted by Muad'Dib View Post
I pay enough taxes paying for products. VAT, etc.

If they want more, they should stop handing out my money to dindus who destroy civilized society.
Precisely.
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Old 04-04-2016, 04:36 AM   #9
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If you want to see change, vote for Governments that stop this. It needs the US and EU to come together to ban companies and people hiding money in tax havens.
Very simplistic understanding you have about this.

People and Entities that generate significant cash represent less than 1%. The 1% own more than half the assets in the world and pay much more than half the total tax generated globally. However it is not just tax revenue that matters, it is the velocity of money they create through the money they generate for the banking system which in turn (through fractional reserve banking) means expanding credit, supporting the economy and growing GDP globally.

They are *very* sophisticated and there is NO WAY you can stop them doing whatever they choose to do. They also control the entire functioning of the world, so attacking them is a bit like attacking the Golden Goose. You fuck with them and no more eggs.

It's a FACT. Now if you were a serious business person (which you have proven you are not) and had a decent understanding of economics, you wouldn't have come up with a statement like that in the first place.
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Old 04-04-2016, 05:17 AM   #10
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I cant blame hard working people for hiding money from governments that want to redistribute their wealth to worthless dindus
There are places that don't this. Feel free to live there.
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Old 04-04-2016, 05:22 AM   #11
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Very simplistic understanding you have about this.

People and Entities that generate significant cash represent less than 1%. The 1% own more than half the assets in the world and pay much more than half the total tax generated globally. However it is not just tax revenue that matters, it is the velocity of money they create through the money they generate for the banking system which in turn (through fractional reserve banking) means expanding credit, supporting the economy and growing GDP globally.

They are *very* sophisticated and there is NO WAY you can stop them doing whatever they choose to do. They also control the entire functioning of the world, so attacking them is a bit like attacking the Golden Goose. You fuck with them and no more eggs.

It's a FACT. Now if you were a serious business person (which you have proven you are not) and had a decent understanding of economics, you wouldn't have come up with a statement like that in the first place.
Except it hasn't always been this way. So it is a fact today.

Exploding wealth inequality in the United States - Equitable Growth

Edit - better display of the top 1% and top 10% - https://qzprod.files.wordpress.com/2...der1.png?w=640
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Old 04-04-2016, 06:36 AM   #12
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Latest Leaks From Mossack Fonseca Live:

Panama Papers: global reaction to huge leak of offshore tax files - live | News | The Guardian
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Old 04-04-2016, 06:44 AM   #13
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If you want to see change, vote for Governments that stop this. It needs the US and EU to come together to ban companies and people hiding money in tax havens.
Paul would you pls stop justify being a loser.... seriously
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Old 04-04-2016, 09:00 AM   #14
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I've said this over and over again - only the poor pay taxes.
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Old 04-05-2016, 12:12 AM   #15
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I don't believe in this scandal.
There is there to many people going at the same place to do money laundering.
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Old 04-05-2016, 12:49 AM   #16
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and this is news ?
nobody suspected it ? damn shame.
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Old 04-05-2016, 01:50 AM   #17
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and this is news ?
nobody suspected it ? damn shame.
Good point. This is not new, but it is news when they get caught.
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Old 04-05-2016, 01:50 AM   #18
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I pay enough taxes paying for products. VAT, etc.

If they want more, they should stop handing out my money to dindus who destroy civilized society.
I agree with you that we should stop dead all migration except for high skilled and rich. Reduce benefits for the third or more children. It won't eliminate the unemployed or low paid, it will stop the increase.

However who or what created the Dindus you harp on about? Like fat people, there were very few of them around in the 50s, 60, and 70s. Look to the people who have massively benefitted by increasing their numbers for the real culprits, they brainwashed you to blame the symptons not the cause.
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Old 04-05-2016, 01:53 AM   #19
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Very simplistic understanding you have about this.

People and Entities that generate significant cash represent less than 1%. The 1% own more than half the assets in the world and pay much more than half the total tax generated globally. However it is not just tax revenue that matters, it is the velocity of money they create through the money they generate for the banking system which in turn (through fractional reserve banking) means expanding credit, supporting the economy and growing GDP globally.

They are *very* sophisticated and there is NO WAY you can stop them doing whatever they choose to do. They also control the entire functioning of the world, so attacking them is a bit like attacking the Golden Goose. You fuck with them and no more eggs.

It's a FACT. Now if you were a serious business person (which you have proven you are not) and had a decent understanding of economics, you wouldn't have come up with a statement like that in the first place.
If we weren't exporting jobs and importing cheaps goods. You would be spot on.

The fact is there's nothing to stop more jobs and wealth leaving the West. No Golden Goose, no eggs.
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Old 04-05-2016, 01:55 AM   #20
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Paul would you pls stop justify being a loser.... seriously
Cancer survivor. Happy life, a family who love me and I them. Retired, more money to live on than I need. And I got into the porn industry when money was easy to make and got out when the shit dropped.
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Old 04-05-2016, 05:23 AM   #21
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The fact is there's nothing to stop more jobs and wealth leaving the West. No Golden Goose, no eggs.
That's right but the point is that whatever is left, you should try to encourage to stay not the opposite.

Look at what happened with HSBC over tax issues. They threatened to leave the UK for Hong Kong over the last two years - finally, when push came to shove and they were ready to go, the government caved in with some big concessions. Surprise surprise, HSBC has now decided to keep its UK domicile.

If you attack the entity, they just jump off the ship, its easy enough to do. So, inspite of all this media storm and posturing, don't be under any illusion about who's in charge.
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Old 04-05-2016, 05:27 AM   #22
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I agree with you that we should stop dead all migration except for high skilled and rich. Reduce benefits for the third or more children. It won't eliminate the unemployed or low paid, it will stop the increase.

However who or what created the Dindus you harp on about? Like fat people, there were very few of them around in the 50s, 60, and 70s. Look to the people who have massively benefitted by increasing their numbers for the real culprits, they brainwashed you to blame the symptons not the cause.
In the US it has been about 3% since the 80's. I have not looked further back then that. They pretty much have always been there and people just like to bitch about it.
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Old 04-05-2016, 05:32 AM   #23
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I've said this over and over again - only the poor pay taxes.
yep its easy to be a big liberal & rich. you can go on TV & shill for free college for all, knowing full well your not gonna be paying for it.

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Old 04-05-2016, 05:34 AM   #24
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It seems to be having an effect on the stock markets.
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Old 04-05-2016, 05:36 AM   #25
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That's right but the point is that whatever is left, you should try to encourage to stay not the opposite.

Look at what happened with HSBC over tax issues. They threatened to leave the UK for Hong Kong over the last two years - finally, when push came to shove and they were ready to go, the government caved in with some big concessions. Surprise surprise, HSBC has now decided to keep its UK domicile.

If you attack the entity, they just jump off the ship, its easy enough to do. So, inspite of all this media storm and posturing, don't be under any illusion about who's in charge.
Banking is a special case. The rest have to be forced to stay or face huge import taxes. Look at the farce of the EU. It was supposed to build a trading zone among EU countries. In practice, it gave trade deals to Third World Countries so they could import with no restrictions. Chinese Steel!!!
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Old 04-05-2016, 05:37 AM   #26
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In the US it has been about 3% since the 80's. I have not looked further back then that. They pretty much have always been there and people just like to bitch about it.
3% of who or what?
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Old 04-05-2016, 05:44 AM   #27
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I watched the Panorama program about the documents that have been uncovered. It was largely centered on the UK, it did expose a Russian musician and friend of Putin who is fronting a company handling 100s of millions of Dollars.

It also exposed a person who was being paid by UK taxpayers to build a hospital and pocketing millions of Pounds, criminals hiding the proceeds of crime, businessmen hiding profits and hiding the money in Panama.

After the wars in Afganistan and Iraq who got the contracts to rebuild what was bombed and where is the money?

Trickle down only works when the money stays in the country and taxes are paid on it. As for providing jobs, if the rich did that in the countries they rely on for sales. There would be a lot less Dindus.
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Old 04-05-2016, 05:55 AM   #28
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Paul would you pls stop justify being a loser.... seriously
That's funny. Intelligent statement gets answered by "you're a loser".

You haven't said one intelligent thing ever.
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Old 04-05-2016, 05:59 AM   #29
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3% of who or what?
The chronically unemployed.
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Old 04-05-2016, 06:01 AM   #30
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I watched the Panorama program about the documents that have been uncovered. It was largely centered on the UK, it did expose a Russian musician and friend of Putin who is fronting a company handling 100s of millions of Dollars.

It also exposed a person who was being paid by UK taxpayers to build a hospital and pocketing millions of Pounds, criminals hiding the proceeds of crime, businessmen hiding profits and hiding the money in Panama.

After the wars in Afganistan and Iraq who got the contracts to rebuild what was bombed and where is the money?

Trickle down only works when the money stays in the country and taxes are paid on it. As for providing jobs, if the rich did that in the countries they rely on for sales. There would be a lot less Dindus.
Dindus is a racial slur. I am not sure you meant it that way.
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Old 04-05-2016, 06:01 AM   #31
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If you want to see change, vote for Governments that stop this. It needs the US and EU to come together to ban companies and people hiding money in tax havens.
This has gone on forever and just because of a leak now you say this LOL. Come on, unless more leaks happen you will not hear about it.
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Old 04-05-2016, 07:33 AM   #32
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The latest news is that the Chinese are censoring the news of the Panama Pages Leak for the reason that their government leaders' families appear to be involved in tax avoidance schemes.
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Old 04-05-2016, 07:41 AM   #33
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So how about private police, ambulance, fire, and every other form of Government? with you paying for it as you use it, of course if you haven't paid and something goes wrong. You're fucked.
Right, do you have something against personal responsibility? Being that you're so concerned about the welfare of other people, you and others alike should have no problem voluntarily pooling together resources for the few that are negatively affected in such scenarios.

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Most of these tax dodgers are the people who are responsible for making so many unemployed.
Actually, most of these tax dodgers are responsible for employing so many.. You can blame the government for unemployment with minimum wage, regulations, etc..

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Leaving the rest or the country to pick up the tabs.
Don't hate on them. Hate on the system that extorts you on a daily basis. They're the reason there're tabs in the first place.
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Old 04-05-2016, 07:46 AM   #34
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I've said this over and over again - only the poor pay taxes.
And that would make sense if your claim was accurate, but it's not.
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Old 04-05-2016, 09:05 AM   #35
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That's right but the point is that whatever is left, you should try to encourage to stay not the opposite.

Look at what happened with HSBC over tax issues. They threatened to leave the UK for Hong Kong over the last two years - finally, when push came to shove and they were ready to go, the government caved in with some big concessions. Surprise surprise, HSBC has now decided to keep its UK domicile.

If you attack the entity, they just jump off the ship, its easy enough to do. So, inspite of all this media storm and posturing, don't be under any illusion about who's in charge.
Right, so put up with everything and anything "they" (the 1%) feel like doing, regardless of consequence. You know, because the 1% are the KINGS of the World and we just live in it, right? Let them do ANYTHING because......why again? Oh right, my quality of life may change.

Fucking really dude? Why not promote Trickle Down Economics? You know, where the rich keep all the coins and whatever falls out of their pockets and "trickles down" to the peons beneath them we should be happy with. Right?

My favorite expression: "Don't piss on my leg and tell me it's raining." THAT is Trickle Down Economics boy.
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Old 04-05-2016, 09:49 AM   #36
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How come they used to shop at one place all together? That is sorta LOL.
Btw, be sure to switch from Paxum to Payoneer. Why? Just saying.
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Old 04-05-2016, 10:32 AM   #37
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If you want to see change, vote for Governments that stop this. It needs the US and EU to come together to ban companies and people hiding money in tax havens.
You mean, tell the people running the countries to crack down on what they themselves are doing?
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Old 04-05-2016, 03:22 PM   #38
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Dindus is a racial slur. I am not sure you meant it that way.
Sorry. I meant people who don't work for whatever reason.
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Old 04-05-2016, 03:23 PM   #39
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This has gone on forever and just because of a leak now you say this LOL. Come on, unless more leaks happen you will not hear about it.
So why should we put up with it?

Corporation tax is outdated. These papers contain more than that.
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Old 04-05-2016, 03:26 PM   #40
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Right, do you have something against personal responsibility? Being that you're so concerned about the welfare of other people, you and others alike should have no problem voluntarily pooling together resources for the few that are negatively affected in such scenarios.
Absolutely not. How is someone responsible for their bosses not paying taxes, moving their job overseas, paying minimum wage?

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Actually, most of these tax dodgers are responsible for employing so many.. You can blame the government for unemployment with minimum wage, regulations, etc..
Employing people in the Far East. Yes we can blame the Government for signing trade deals that made the West a bad place to manufacture but a great place to sell.

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Don't hate on them. Hate on the system that extorts you on a daily basis. They're the reason there're tabs in the first place.
Do you mean the system the Governments created?
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Old 04-05-2016, 03:33 PM   #41
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How come they used to shop at one place all together? That is sorta LOL.
Btw, be sure to switch from Paxum to Payoneer. Why? Just saying.
No this is the biggest company in the Tax Haven Industry. Maybe just 10% of the whole rotten pie.
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Old 04-05-2016, 04:15 PM   #42
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You can blame the government for unemployment with minimum wage, regulations, etc.
Around here we heap a good percentage of blame on unions. They forced the wages to become so outrageously jacked the companies said 'fuck it...we can no longer compete' - and closed/moved shop.
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Old 04-05-2016, 04:44 PM   #43
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Around here we heap a good percentage of blame on unions. They forced the wages to become so outrageously jacked the companies said 'fuck it...we can no longer compete' - and closed/moved shop.
That's actually at the crux of the issue. Who gets the money, the owners or the workers? (The Owners always get more anyway, just how MUCH is the point.) And, in the end, the Government (theoretically "the People") is the only entity that can keep the balance. If the answer is "the owners" then we have what we have now. If the answer is "the workers" then we have Communism.

It's the dynamic tension between the two extremes that is the only answer. Yet that takes diligence, fortitude and keeping corruption at a minimum. Good luck there. LOL
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Old 04-05-2016, 05:33 PM   #44
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Absolutely not. How is someone responsible for their bosses not paying taxes, moving their job overseas, paying minimum wage?
I never claimed anyone was responsible for any of that. You were making the claim that we need taxation because police, ambulance, fire and if it were privatized, some people wouldn't receive said services. And I said you're right, and what's wrong with that? If you care about people who didn't pay in advanced, help them out voluntarily.

People would wise up real quick once they realized they weren't getting said services for free (tax payer subsidies).

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Employing people in the Far East. Yes we can blame the Government for signing trade deals that made the West a bad place to manufacture but a great place to sell.
Of course it's the government's fault. These US businesses don't have some sort of weird hate for the US. Generally speaking, successful business men are smart, and will do business where they can make the most profit. This doesn't make them bad people.

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Do you mean the system the Governments created?
Yes. I've got 99 problems but capitalism isn't one of them. The other 99 problems can be attributed to the state.
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Old 04-05-2016, 10:12 PM   #45
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Very clear.They dont pay taxes and they become rich
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Old 04-05-2016, 10:32 PM   #46
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It's the dynamic tension between the two extremes that is the only answer.
Thats rubbish. Much better to say "is the only answer that we know in the western world." It doesn't work that way at all in the Middle East or anywhere in Asia and the system works just fine.
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Old 04-06-2016, 01:28 AM   #47
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Around here we heap a good percentage of blame on unions. They forced the wages to become so outrageously jacked the companies said 'fuck it...we can no longer compete' - and closed/moved shop.
This only applied when there was no Third World exporting goods.

I will agree that Unions are very anti-modernisation. At the moment, they want to keep the old Steel plants open by spending taxpayers money. The car industry had to be closed down, so a new one could be built to replace it.
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Old 04-06-2016, 01:32 AM   #48
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That's actually at the crux of the issue. Who gets the money, the owners or the workers? (The Owners always get more anyway, just how MUCH is the point.) And, in the end, the Government (theoretically "the People") is the only entity that can keep the balance. If the answer is "the owners" then we have what we have now. If the answer is "the workers" then we have Communism.

It's the dynamic tension between the two extremes that is the only answer. Yet that takes diligence, fortitude and keeping corruption at a minimum. Good luck there. LOL
It's about balance. The Owners have to earn more than the workers. The workers need to be in the country of sales and earning enough to drive an economy with a huge retail sector.

Communism is everyone on a closer level and sharing the wealth. so the toilet porter earns nearly as much as the top people. Making the top job so unattractive few bother.
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Old 04-06-2016, 01:39 AM   #49
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[QUOTE=galleryseek;20820380]I never claimed anyone was responsible for any of that. You were making the claim that we need taxation because police, ambulance, fire and if it were privatized, some people wouldn't receive said services. And I said you're right, and what's wrong with that? If you care about people who didn't pay in advanced, help them out voluntarily.

You said; Right, do you have something against personal responsibility? I pointed out that they have no power over the causes.


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Of course it's the government's fault. These US businesses don't have some sort of weird hate for the US. Generally speaking, successful business men are smart, and will do business where they can make the most profit. This doesn't make them bad people.
Yes the Government should make sure companies who want to sell in the West, produce in the West of buy goods from the West in the same amount. Balanced trade. Works best for the people in the West, except the top businessmen. Who then send the profit to tax havens.

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Yes. I've got 99 problems but capitalism isn't one of them. The other 99 problems can be attributed to the state.
would more customers in the West solve some of those problems?
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Old 04-06-2016, 01:42 AM   #50
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Thats rubbish. Much better to say "is the only answer that we know in the western world." It doesn't work that way at all in the Middle East or anywhere in Asia and the system works just fine.
Their systems would make you very poor.
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