The Panama Papers thread

TriGuN said:
The economic environment in a lot of these countries makes stashing money in a tax haven a no brainer, because interest rates in your own country are trash and you aren't going to get growth if you keep it there.

http://www.bbc.co.uk/news/uk-politics-36007718
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"Mr Cameron announced a new task force to investigate tax-dodging allegations"

Sweet zombie jesus! Has he been taking tips from Zuma?!?
 
NarrowBandFtw said:
"Mr Cameron announced a new task force to investigate tax-dodging allegations"

Sweet zombie jesus! Has he been taking tips from Zuma?!?
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Has Cameron even done anything illegal?

The amount of money I've seen mentioned is also laughable. Can't do sht in the UK with that amount of money.
 
Just out of curiosity, if all this information came from one firm, are there any other firm that do the same thing? This should give the authorities to probe them too no?
 
TriGuN said:
Has Cameron even done anything illegal?

The amount of money I've seen mentioned is also laughable. Can't do sht in the UK with that amount of money.
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but if it had been Putin the amount of money would've been more than enough
 
snoopdoggydog said:
but if it had been Putin the amount of money would've been more than enough
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Putins gang of 110 oligarchs own 35% of all of Russias wealth.
Russians don't care that he is corrupt. He could have billions openly flowing directly into his personal bank accounts and I bet he would not get thrown out in the cold.
 
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Cameron releases information on tax returns amid row

David Cameron paid almost £76,000 in tax on an income of more than £200,000 in 2014-15, his accounts show.

In a first for a UK prime minister, Mr Cameron released a summary of his tax returns over the past six years as he tried to defuse a row over his financial affairs.

Papers show he was gifted two lots of £100,000 by his mother a year after inheriting £300,000 from his father.

When Ian Cameron died in 2010, the inheritance tax threshold was £325,000.

The prime minster said he was publishing the information to be "completely open and transparent".

On Saturday, he admitted he could have better handled the row over his financial affairs, telling people to "blame me" for this rather than nameless advisors at Downing Street.

In the six years from 2009 to 2015, Mr Cameron earned a total of almost £1.1m and paid about £400,000 in income tax, according to the three-page summary.

Part of his earnings came from rental income from his family home in west London. Last year, Mr Cameron's 50% share of rent, minus expenses, was close to £47,000.
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More at:http://www.bbc.com/news/uk-politics-36007718
 
sox63 said:
Just out of curiosity, if all this information came from one firm, are there any other firm that do the same thing?
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Definately

sox63 said:
This should give the authorities to probe them too no?
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No because those who issue the orders are the ones involved in all of this. We will probably see some investigations being done but i don't expect very much.
 
sox63 said:
Just out of curiosity, if all this information came from one firm, are there any other firm that do the same thing?
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Oh hell yes. This is tiny. It's only "large" because of the dates it spans...

sox63 said:
This should give the authorities to probe them too no?
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On what grounds? You must have legal grounds to access somebody else's data, especially in Panama, where the president would in fact hide them in his office for you. "We found something dodgy at another law firm" is not a valid legal argument to present to a judge to obtain a court order for other law firms. That's like a judge agreeing to issue a court order compelling the owners of MyBroadband to provide access to unadulterated private data, because ITWeb did something naughty. You also can't use the "aw, that's so unfair. But c'mon" argument either. Nor can you use the "but I'll probably find something dodgy" argument either. This is called a fishing expedition and is illegal. It's commonly used by dodgy states with underworked trial attorneys (or dodgy trial attorneys trying to make a name for themselves by asking a judge for a court order to look for x but actually looking for absolutely anything at all), or dodgy states acting like a cartel against its own citizens or private companies, or to obtain confidential information residing within private organisations that may be detrimental to them. In a capitalist environment, this information has an owner, and only that owner may authorise access unless compelled to do so by the courts, and they can be challenged.

There was a recent case of precisely this happening against Paul O'Sullivan, where using an illegal/irregular/unspecific court order, The Hawks seized all of his PCs and data storage, but were ordered a few days later to return them all and were told that they were very naughty and asked to please not do that again. They got what they wanted, but it's not clear if Paul was keeping the data on-site or not. If he was, that was stupid as he really shouldn't underestimate the self-preservation lengths some people will go to, to avoid going to prison for a very, very long time. Paul O'Sullivan hangs out in circles nobody wants to be a part of to do their bidding for them, and this in turn gives him some rather unique access into what's really going down in the underworld/parliament...
 
TriGuN said:
Has Cameron even done anything illegal?

The amount of money I've seen mentioned is also laughable. Can't do sht in the UK with that amount of money.
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No idea, however putting a task force together to investigate smacks of banana republic delay tactics, that is exactly what happens in South Africa every single time the ANC gets caught with their pants down.

In the case of Cameron this whole mess coming less than three months before the brexit referendum is the ultimate inconvenience, one can only hope his panama association damages "project fear" substantially.
 
TriGuN said:
Putins gang of 110 oligarchs own 35% of all of Russias wealth.
Russians don't care that he is corrupt. He could have billions openly flowing directly into his personal bank accounts and I bet he would not get thrown out in the cold.
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:whistle:
 
PM's Anger Over 'Untrue' Tax Claims About Dad

David Cameron has defended his family's financial affairs as he faced MPs two days after publishing his own tax details.

He appeared before politicians for the first time since it emerged he had profited to the tune of over £9,000 from selling shares in his father's offshore investment fund Blairmore Holdings.

News of Ian Cameron's fund came in the leak of the so-called Panama Papers over a week ago.

The Prime Minister maintained Blairmore Holdings was not set up for tax avoidance purposes, and he hit out at "deeply hurtful and profoundly untrue allegations" about his late father.

The PM accepted he should have responded more quickly to the issues raised but added he was "angry about the way my father's memory was being traduced".
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More at:http://news.sky.com/story/1676597/pms-anger-over-untrue-tax-claims-about-dad
 
NarrowBandFtw said:
No idea, however putting a task force together to investigate smacks of banana republic delay tactics, that is exactly what happens in South Africa every single time the ANC gets caught with their pants down.

In the case of Cameron this whole mess coming less than three months before the brexit referendum is the ultimate inconvenience, one can only hope his panama association damages "project fear" substantially.
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Yes, because a PM being held accountable and revealing 5 years worth of personal tax while establishing a taskforce to investigate this is exactly like a fat African sitting in parliament cackling like a Bond villain while ignoring the rule of law and the constitution while his party props him up...

"Nkandla, heh, heh, heh, Nkandla, heh!" Indeed.
 
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Kilgore_Trout_Redux said:
Yes, because a PM being held accountable and revealing 5 years worth of personal tax while establishing a taskforce to investigate this is exactly like a fat African sitting in parliament cackling like a Bond villain while ignoring the rule of law and the constitution while his party props him up...

"Nkandla, heh, heh, heh, Nkandla, heh!" Indeed.
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The task force part is very African, wouldn't you agree? Watching the live parliament feed in the UK had another similarity: one MP called Cameron "Dodgy Dave", speaker ordered him to withdraw, he didn't and got kicked out of the house ... also sounds quite African no? :)

One thing though, much as I have no respect for the man at all, Cameron at the very least can respond to a question in an articulate fashion, over here all we get, as you say, is "nkaaandlaaaa, eh hehe heh hehe" ... :(
 
Busted! CIA and Co. Allegedly Used Mossack Fonseca to Hide Activities

Intelligence agencies from different states were using the services of Mossack Fonseca, a Panama firm selling offshore companies, for years to conceal their activities, the German media said Tuesday.

According to the Sueddeutsche Zeitung newspaper, secret agents and informants across the world, including the US Central Intelligence Agency (CIA) mediators, widely used the services of the firm and opened shell companies to conceal their activities.

Among Mossack Fonseca customers were people involved in the Iran–Contra international scandal in 1980s when the US senior officials secretly facilitated the arms sale to Iran.

The newspaper added that the current or former senior officials of the intelligence services from Saudi Arabia, Colombia and Rwanda were also involved with the firm.

Earlier in April, the newspaper exposed alleged involvement of a number of former and current world leaders in tax haven schemes using the information obtained in materials allegedly leaked from Mossack Fonseca.

Mossack Fonseca responded to the leak by refusing to validate the information and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by legal means.
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http://sputniknews.com/military/20160412/1037861241/panama-papers-cia.html

http://www.sueddeutsche.de/politik/panama-papers-agenten-nutzten-panama-firmen-fuer-cia-1.2945241
 
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