[Digitalis]

Discuss :nyan::nyan::nyan:
https://www.youtube.com/watch?v=z9CbvRzOK5w
Somebody's gonna get hurt reeeeeal bad!
https://www.youtube.com/watch?v=faLUjfFmFe8
https://www.youtube.com/watch?v=F6XnH_OnpO0

[plat27265]

I like exposes like this one. Time for those corrupt bastards to be revealed. I will sit back, relax and enjoy the show. Life is a circus.

[StylinRed]

Heard about it last night, 11 million documents leaked wow! They must've pisses someone off royally, not the least bit surprised that it goes on though, we're always hearing about things like this (kpmg recently)

[Spoon]

Let me know when something happens as a result of this. ResidentSleeper

[originalhypa]

This is a crazy story. Vladdy Putin, The king of Sweden, and the family of a Liberal MLA are all involved in this.

I wonder how many folks named are owners of real estate in the lower mainland?

BrokeBack

[Digitalis]

If you think executions in China arn't happening due to this then go back to sleep
Let me know when something happens as a result of this. ResidentSleeper

[ae101]

^
as for some one living in China right now, this story will be gone super fast

i bet the Chinese government is already making another cover this one lol

[pastarocket]

Hmmm, I wonder if The Donald uses that Panama bank to hide his money. :troll:

Trump hides his millions in shell companies in Panama? :lawl:

[jasonturbo]

Welcome to the entire banking sector in Panama and the single biggest driver of the local economy.

[Verdasco]

lmao lionel messi and jackie chan basically fucked.

moreso to lionel imo, sponsorship deals etc

maybe jail time but i doubt it, prob new laws to prevent this from happening.

[6o4__boi]

lmao lionel messi and jackie chan basically fucked.

moreso to lionel imo, sponsorship deals etc

maybe jail time but i doubt it, prob new laws to prevent this from happening.

doubt it...Messi's already in trouble along with his dad for tax evasion in Barcelona and that hasn't even put a dent in his image
Plus he's got FCB and its infinite oil money sheikh's on his side as long as he stays a world-class player for them which he looks to be for at least a few more years.

Jackie Chan will probably blame his junkie kid or something :lawl:

Someone brought it up in the comments, interesting news but it seems like it hasn't picked up much steam in North America yet.

[pastarocket]

One Vancouver man is among the 350 Canadians named in the Panama Papers.

MMA trainer Dave Fesser. Who? He's not anonymous anymore. :lawl:

One dude, Eric Nguyen, invested in penny stocks. :fuckthatshit:

-Georgia Straight article:

Vancouver man among first Canadians named in Panama Papers leak of offshore-banking information | Georgia Straight Vancouver's News & Entertainment Weekly (http://www.straight.com/news/670656/vancouver-man-among-first-canadians-named-panama-papers-leak-offshore-banking)


A Vancouver man is among 350 Canadians named in a massive leak of financial records belonging to people who use a Panamanian law firm named Mossack Fonseca, which specializes in offshore-banking.

According to the Toronto Star, a mixed-martial arts trainer named Dave Feser used Mossack Fonseca to “register an anonymous corporation in British Anguilla”.

Feser has not been accused of any wrongdoing. The use of an offshore bank is not illegal and does not necessarily suggest someone is committing a crime. However, legal firms like Mossack Fonseca can be used to help individuals and corporations hide money from governments that might otherwise have a right to claim taxes on it.


The Star article naming Feser is the first of what the newspaper has said will be a series based on 38 years of banking files that were leaked to a German newspaper named Süddeutsche Zeitung.

Dubbed the “Panama Papers”, the leak was subsequently shared with the International Consortium of Investigative Journalists, which counts the Star as well as CBC News among its members.

The leak consists of 2.6 terabytes of information consisting of 11.5 million documents. In addition to the 350 Canadians, individuals identified as having used Mossack Fonseca’s services include 12 current or former heads of state and many more close associates of world leaders like Russian President Vladimir Putin. There are 26 Forbes-listed billionares on the list.

The Star’s first article based on the papers focuses on how Canadians are using offshore banking to avoid paying their full tax burden. “Obscured by figurehead directors, untraceable money transfers and anonymous company ownerships, these Canadians paid for the secrecy promised by Mossack Fonseca, a Panamanian law firm renowned internationally for establishing shell companies,” it reads.

The other Canadians the Star has named so far are Chuck Furey, a former Newfoundland cabinet minister; Eric Levine, a fitness-club operator; Brian Shamess, a sports physician; Eric Ngyuen, an investor who has focused on penny stocks; and John Wright, a mutual broker. The Star has also noted the Royal Bank of Canada (RBC) and its subsidiaries have 378 shell companies listed in the Mossack Fonseca data. RBC has denied any wrongdoing.

A Star editorial explains why the newspaper has chosen to publish information contained in the leak.

“The Star and our partners, including France’s Le Monde, Britain’s Guardian and the International Consortium of Investigative Journalists, are publishing this material not because we believe something illegal is happening, but because we think Canadians should know about how the elite hide and shelter so much money,” it reads. “The rich get to play by different rules than the rest of us. We should all know about this unfairness.

[StylinRed]

David Cameron's (PM of UK) father, a company tied to North Koreas Nuclear programme, etc etc etc... The CIA probably leaked this and vetted it first

[Verdasco]

best news from all this

jackie chans son is a junkie and served 6 months in jail

LOL

[StylinRed]

So Jurgen Mossacks father was an SS officer who took off to Panama and worked with the CIA to spy on Cuba... hmm https://en.m.wikipedia.org/wiki/J%C3%BCrgen_Mossack

best news from all this

jackie chans son is a junkie and served 6 months in jail

LOL

Old news, he wasn't just a junkie he supplied the other young actors with their drugs

[originalhypa]

So Jurgen Mossacks father was an SS officer who took off to Panama and worked with the CIA to spy on Cuba... hmm

So you're saying......

http://cdn.meme.am/instances/51668214.jpg

I think that people are going to realize that to be incredibly wealthy like these folks, you're going to have to either inherit it, or be a horrible person yourself.

The Mr burns stereotype may not be far off.

[Digitalis]

What cracks me up is how they are trying sooo desperately to link Putin to this.

[StylinRed]

Yeah, when I read about this in the early am, the BBC noted some American businessman/woman who are implicated, but on CNN they claim no Americans are connected

And no one's really mentioning David Cameron, etc etc. It's just all Putin, Putin, Putin... oh wait, Putin's acquaintance's ;)

[Digitalis]

This is starting to stink, 400 journalists or agencies working for months on this with no leaks? Making out 2 billion to be such a big deal when the derivative market is 10000x as big of a fraud.
Limiting data coming out and selectively burning people and not others?
If this wasn't meant to be manipulated then you put the data out there and let the public make up their mind, not cherry pick what serves your purpose.

Seems like they are burning some low level people like madoff to distract and take the real heat off the big boys.

[SkinnyPupp]

Bernie brought this up years ago when the trade agreement was going through

https://youtu.be/LrsI0Sw2hq8

Naturally, it still went through because the people in power are the ones involved in this shit

Panama Papers: Obama, Clinton Pushed Trade Deal Amid Warnings It Would Make Money Laundering, Tax Evasion Worse (http://www.ibtimes.com/panama-papers-obama-clinton-pushed-trade-deal-amid-warnings-it-would-make-money-2348076)

Please America, elect this man!

Here's Hilary's take on the agreement:

"Taken together, these initiatives are the leading edge of a job-creating trade agenda that will open markets, level the playing field for our businesses and workers, and champion America's working families in an age of tough global competition. They deserve the historic and widespread support they received in Congress tonight. We will continue our work to rebuild an American consensus on trade."

Blah blah blah, what bullshit WutFace

[Y2K_o__o]

Yeah, when I read about this in the early am, the BBC noted some American businessman/woman who are implicated, but on CNN they claim no Americans are connected

And no one's really mentioning David Cameron, etc etc. It's just all Putin, Putin, Putin... oh wait, Putin's acquaintance's ;)

Technically his father was involved where he emphasized anti corruption during the vote, but you're right.. Putin x 999 really cracks me up...........

Those shouldn't be considered as journalist / agents... they should be be called "spy" when they can work as a team nights and days for MONTHS across the globe without any leaks

[Y2K_o__o]

Some good bed time reading

Panama Papers: This is the leak (http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3c3495adf4/)

[Hehe]

With everything going the way of digitalization, things like this are bound to happen.

My parents actual dealt with the firm when they were looking for someone to help them to maximize their tax efficiency. Upon hearing that they have gone fully digital (mind you, this was all the way back in 2003), my dad, being a risk/tech-averse person on this topic insisted on finding a firm that deals in paper&ink.

Now it turns out to be a good move. :D

For what's worth though, although the news is mainly targeting big names like Messi, Puttin and/or famous elites from other countries, setting up structure like this is something everyone should do once their income start to deviate from wage-only. You don't need to be elite or a millionaire to be looking for this kind of service.

After all, it's just not morally acceptable. But I highly doubt they would be able to make many cases to held in court. These people are paid to make it legit, and they are the finest at it.

[CP.AR]

where's CiC?

[underscore]

So has anyone found anything in this that shows any of these people have done anything illegal? Or is it all just "they used a service that has the potential to be used for illegal purposes"?

[Hehe]

So has anyone found anything in this that shows any of these people have done anything illegal? Or is it all just "they used a service that has the potential to be used for illegal purposes"?

Fonseca is actually a very transparent firm when it comes to its services. It's just people perception of the elites "cheating"... actually... taking advantage of their resources ($$$) and our complex tax system to optimize their tax efficiency, demands a fair or equal treatment among all taxpayers.

Of course there would be people who use such system for illegal activities, but what Mossack Fonseca is doing (the procedure itself) is totally legit.

It charges about u$1200 to register an offshore company. With some more money, it finds an associate to represent your company... pay even more, you get to hide pretty much all the information of shareholders. This is actually done in pretty much every single legal firm that specializes in offshore and no, it's not illegal to remain anonymous.

The part where it gets tricky is what they do with these companies... and of course it costs more money. But it usually involves insurance, trust, or some form of gifting to achieve the tax-free status.

Think it this way... let's say you want to buy an income property somewhere outside of Canada. You gift the money to your dad (or someone outside of CDN tax system) and your dad creates offshore entity in his name to own the property and get all the money. The company also invest the rent in whatever you feel like investing, and finally, it uses a gift clause (cash gift is tax free in Canada... unlimited, while both entities are alive) to give cash gift from dad to son.

[SkinnyPupp]

So has anyone found anything in this that shows any of these people have done anything illegal? Or is it all just "they used a service that has the potential to be used for illegal purposes"?
Yup, the PM of Iceland is one:

Panama Papers: Iceland PM's investments questioned - BBC News (http://www.bbc.com/news/world-europe-35918846)

TLDR: He hid a bunch of money in a company there, transferred it to his wife before entering office, rather than declaring it, then used it to profit from the banking crisis.

Here's Iceland's reaction:

http://assets.nydailynews.com/polopoly_fs/1.2588234.1459797417!/img/httpImage/image.jpg_gen/derivatives/article_635/iceland-offshore-accounts.jpg

24,000 people in a country with a population of 323,000 show up at his front door wanting him out.

There will be plenty more to come I'm sure

[Reeyal]

Let's burn him, and the rest of them, at the stake... because you know, tax evasion is a new concept.

[zulutango]

And just in case we forgot about a former PM and trudeau supporter/adviser...Prime Minister Paul Martin’s ship empire was based in Barbados, beyond taxation in Canada, and only a few of us dared to raise a fuss.

[originalhypa]

And just in case we forgot about a former PM and trudeau supporter/adviser...Prime Minister Paul Martin’s ship empire was based in Barbados, beyond taxation in Canada, and only a few of us dared to raise a fuss.

We didn't have access to information back then like we do now. The internet has changed a lot of things, and this is one of them. While in the 90's we knew that PM's company was based offshore, not too many of us knew what that meant. I was guilty myself when the Panama papers came out. But spend an hour online reading and watching, and my knowledge base has grown immensely.

I wish that Canadians were as angry as the Icelanders. But frankly, I'm too busy chasing the dream to protest. Welcome to North America in 2016. We know we're being shafted, but no one really has the energy to care. Modern slavery wins again.

[6o4__boi]

Yup, the PM of Iceland is one:

Panama Papers: Iceland PM's investments questioned - BBC News (http://www.bbc.com/news/world-europe-35918846)

TLDR: He hid a bunch of money in a company there, transferred it to his wife before entering office, rather than declaring it, then used it to profit from the banking crisis.

Here's Iceland's reaction:

http://assets.nydailynews.com/polopoly_fs/1.2588234.1459797417!/img/httpImage/image.jpg_gen/derivatives/article_635/iceland-offshore-accounts.jpg

24,000 people in a country with a population of 323,000 show up at his front door wanting him out.

There will be plenty more to come I'm sure

looks like he resigned
Icelandic PM Sigmundur David Gunnlaugsson offers resignation amid offshore tax questions | CTV News (http://www.ctvnews.ca/world/iceland-pm-to-resign-amid-panama-papers-scandal-1.2845907)

[SkinnyPupp]

Democracy fucking rules :thumbs:

[highfive]

Democracy fucking rules :thumbs:

Wtf? How?

He was able to hide his assets and was elected.

He profited from the position of power he was in.

He resigns without any penalty.

Probably still entitled to benefits of being in office.

[Nlkko]

Tax evasion scheme is vast. Most people who make serious coins does it, in different levels of course. Wouldnt be suprised if the company you work for does it. Its unethical but for some part, not illegal as it targets loopholes.

[SkinnyPupp]

Wtf? How?

He was able to hide his assets and was elected.

He profited from the position of power he was in.

He resigns without any penalty.

Probably still entitled to benefits of being in office.
Because he got booted out the day after people found out all that

And you can be sure charges will follow

Compare that to shitty countries where he would still be in power, even more corrupt, and probably arresting anyone who spoke out against him.

That's "wtf" how

[Digitalis]

Here is some more education for you about Iceland that was never publicized for obvious reasons.
https://www.youtube.com/watch?v=KYpzHZh5byY
https://www.youtube.com/watch?v=7zlzC_XMQzI
Instead of signing up their offspring/future generations to the debt of the current generation they refused to kick the can down the road. The average Icelander is much more politically involved/aware.
We didn't have access to information back then like we do now. The internet has changed a lot of things, and this is one of them. While in the 90's we knew that PM's company was based offshore, not too many of us knew what that meant. I was guilty myself when the Panama papers came out. But spend an hour online reading and watching, and my knowledge base has grown immensely.

I wish that Canadians were as angry as the Icelanders. But frankly, I'm too busy chasing the dream to protest. Welcome to North America in 2016. We know we're being shafted, but no one really has the energy to care. Modern slavery wins again.

[plat27265]

Revenue Canada and the IRS are going to be busy squeezing every ounce of blood they can get from Canadians and US Citizens/Residents with Panamanian off-shore accounts.

For those who are interested, here is the complete (global) list of individuals and companies with off-shore accounts in Panama (https://offshoreleaks.icij.org/search?country=CA&q=&ppl=on&ent=on&adr=on).

Edit: The list, I just realized, contains all created in 10 off-shore jurisditions including the BVI, Cook Islands, and Singapore. Panama list is not yet in that database.

[Traum]

We didn't have access to information back then like we do now. The internet has changed a lot of things, and this is one of them. While in the 90's we knew that PM's company was based offshore, not too many of us knew what that meant. I was guilty myself when the Panama papers came out. But spend an hour online reading and watching, and my knowledge base has grown immensely.

I wish that Canadians were as angry as the Icelanders. But frankly, I'm too busy chasing the dream to protest. Welcome to North America in 2016. We know we're being shafted, but no one really has the energy to care. Modern slavery wins again.
As long as the economy is doing relatively well, and people are living relatively good lives, you are not going to see any kind of major protests or social unrest, regardless of how corrupt the government / leadership is. For the most part, most people just want to live a decently happy life of their own, and it would take too much time, energy, and effort for them to pursue justice -- pursuing that would dramatically reduce their own quality of life.

Case in point -- China has one of the world's most corrupt government + political leaders, but mass protests pretty much only happen when the poor are pushed to the brink of their existence.

[Sid Vicious]

As long as the economy is doing relatively well, and people are living relatively good lives, you are not going to see any kind of major protests or social unrest, regardless of how corrupt the government / leadership is. For the most part, most people just want to live a decently happy life of their own, and it would take too much time, energy, and effort for them to pursue justice -- pursuing that would dramatically reduce their own quality of life.

Case in point -- China has one of the world's most corrupt government + political leaders, but mass protests pretty much only happen when the poor are pushed to the brink of their existence.

unless youre a billionaire or part of a politically connected family your political power/influence is almost nil.

you can start a protest/uprising but in the end of the day you still have to elect a leader, and whos to say that leader will fulfill their promises?

we're lucky we live in Canada where most of our leaders are fairly reasonable and less corrupt than other place.

[Digitalis]

America will be awesome if only they'd vote in Bernie.
The guy who said white people dont like what it's like to be poor.
The guy who was not employed until age 40 living off the tax payers.
The guy who thinks social justice is taxing the rich and giving to the poor.
Bernie brought this up years ago when the trade agreement was going through

https://youtu.be/LrsI0Sw2hq8

Naturally, it still went through because the people in power are the ones involved in this shit

Panama Papers: Obama, Clinton Pushed Trade Deal Amid Warnings It Would Make Money Laundering, Tax Evasion Worse (http://www.ibtimes.com/panama-papers-obama-clinton-pushed-trade-deal-amid-warnings-it-would-make-money-2348076)

Please America, elect this man!

Here's Hilary's take on the agreement:

"Taken together, these initiatives are the leading edge of a job-creating trade agenda that will open markets, level the playing field for our businesses and workers, and champion America's working families in an age of tough global competition. They deserve the historic and widespread support they received in Congress tonight. We will continue our work to rebuild an American consensus on trade."

Blah blah blah, what bullshit WutFace

[noclue]

Revenue Canada and the IRS are going to be busy squeezing every ounce of blood they can get from Canadians and US Citizens/Residents with Panamanian off-shore accounts.

For those who are interested, here is the complete (global) list of individuals and companies with off-shore accounts in Panama (https://offshoreleaks.icij.org/search?country=CA&q=&ppl=on&ent=on&adr=on).

Edit: The list, I just realized, contains all created in 10 off-shore jurisditions including the BVI, Cook Islands, and Singapore. Panama list is not yet in that database.

CRA is too weak/not enough resources to go after rich people represented by the Big 4 accounting firms.
They'll rather go after 10 small business owners than 1 rich person.

IRS on the other hand makes anybody bend over like UBS.

[Ulic Qel-Droma]

oh wow, what a surprise... people wanna keep their money and not pay taxes cuz... they can? so they do?

LOL.

Hmmm i just sold my used rims... i better report that as income... like all of you guys do.

[originalhypa]

Ulic's, you are just so fucking stupid sometimes.....

[flagella]

I think Ulic is schizophrenic.

[originalhypa]

I think Ulic is schizophrenic.

With a dash of psychopathy?
PogChamp


lol, I'm sorry for going there Ulic. But sometimes your replies are just so asinine, that I can't help myself.

[Digitalis]

According to some people blackmail is the strongest form of currency.
BrokeBack Just ask Hillary Clinton BrokeBack
So do you think theres a chance the reason why the US citizens involved is because they might be delegates or superdelegates? PogChampPogChampPogChamp

[Mr.C]

I'm confused, what's the big deal? If it's legal, it's legal. Change the laws, but I don't really see a big deal in someone having an offshore company.

[plat27265]

I'm confused, what's the big deal? If it's legal, it's legal. Change the laws, but I don't really see a big deal in someone having an offshore company.

You are correct. No big deal for a company to have off-shore accounts for legit business purposes. However, it is a very well known fact that a lot of off-shore accounts in tax haven countries are meant to skirt around the tax laws of the country where the individual resides. A lot of these off-shore accounts are used to stash ill-gotten wealth that would otherwise be easily traceable if hidden in bank accounts in the country where the owner resides.

For example, a government official that steals money from his/her government can open an off-shore bank account to keep the money in a jurisdiction that is out of reach of his/her country. No one was supposed to know until all these off-shore bank accounts got leaked to the press. Now, these people are in hot water and need to explain where they got their wealth since they did not declare it in their tax declarations or returns.

[Mr.Money]

i wonder if anyone tried black mailing panama first before leaking the information...send me 1 billion dollars and no one knows...no?..okay heres the information of you clients.

[Nlkko]

You know some people are probably already dead because of these. Fucking dirty business but c'est la vie.

[Sid Vicious]

simpsons did it
https://www.youtube.com/watch?v=YNEcAbsfeB4

[ae101]

im just gonna post this here

China ups P@nama Papers Censorship after Xi's relatives named (http://mp.weixin.qq.com/s?__biz=MzI4MTExMjA0Nw==&mid=2656998250&idx=1&sn=7d11c1110eb93395d1b613c3705c64e9&scene=0#wechat_redirect)

gululu wanna explain this for me as i work and live china now, dont wanna lose faith in the chinese government :troll:

[Ulic Qel-Droma]

Ulic's, you are just so fucking stupid sometimes.....

maybe i will reword it...

people with money, wanna keep their money...

is that a fucking surprise?

people with power, don't wanna give up their power?

what's so fucking surprising.

i'd be hiding my fucking money everywhere too. regardless if it was legal or illegal money.

why the fuck would i wanna give up money if i didnt have to?



NOW im going to sound like CIC.

every one is so fucking focused on the leaked papers that no ones asking WHY the papers were leaked.

there's obviously a BIGGER plan here.

or else the leaker wouldn't leak it.

it's not just some joe schmo hacker that wants to "make the world fair" lol.

whoever leaked this fucking shit has a bigger strategy and this is just part of it.



what's in the papers isn't important.
it's, who hacked it, who leaked it, and why leak it at this particular time, and for what reason. those are the real questions.
there is a greedy reason behind it. it's not some heaven sent divine whatever goody shit.

[Carl Johnson]

maybe i will reword it...

people with money, wanna keep their money...

is that a fucking surprise?

people with power, don't wanna give up their power?

what's so fucking surprising.

i'd be hiding my fucking money everywhere too. regardless if it was legal or illegal money.

why the fuck would i wanna give up money if i didnt have to?



NOW im going to sound like CIC.

every one is so fucking focused on the leaked papers that no ones asking WHY the papers were leaked.

there's obviously a BIGGER plan here.

or else the leaker wouldn't leak it.

it's not just some joe schmo hacker that wants to "make the world fair" lol.

whoever leaked this fucking shit has a bigger strategy and this is just part of it.



what's in the papers isn't important.
it's, who hacked it, who leaked it, and why leak it at this particular time, and for what reason. those are the real questions.
there is a greedy reason behind it. it's not some heaven sent divine whatever goody shit.

a rich person wants to keep more his or her money is nothing new. i completely agree with you there. but you know what i hate about those well-off people? they are hypocrites and liars. if you a liar and a thief then just let the world know you are a knave and stop pretending you give a rats ass about the rest of society. but no these people will go to charity, play some golf, and get tv time like they really care about the rest of humanity. oh but i am saving the polar bears and the amazon rain forest. will this report change anything meaningful? i doubt it. but it does show who those individuals really are.

[plat27265]

maybe i will reword it...
i'd be hiding my fucking money everywhere too. regardless if it was legal or illegal money.

why the fuck would i wanna give up money if i didnt have to?


Well, you have to give up some of that sweet money to enjoy the benefits of living in a country that provides the following things that you take for granted:
Education
Peace and Order
Roads/Infrastructure
Tons of national parks and space to roam, camp, hike, bike, etc.
Community Centers
Social Programs
Injection Sites
Maintaining military might
Clean environment (water, air, etc)
etc.

If you have not been outside the country, I suggest you visit some country that collects low or no income tax and see if you can get the same benefits that you enjoy in comfort here in Canada. A lot of countries collect a higher tax than Canada but only offer little benefit to their citizens. A lot of that tax money goes into corrupt politicians' pockets.

One has to pay to play. Nothing is free.:)

[dasani604]

maybe i will reword it...

people with money, wanna keep their money...

is that a fucking surprise?

people with power, don't wanna give up their power?

what's so fucking surprising.

i'd be hiding my fucking money everywhere too. regardless if it was legal or illegal money.

why the fuck would i wanna give up money if i didnt have to?



NOW im going to sound like CIC.

every one is so fucking focused on the leaked papers that no ones asking WHY the papers were leaked.

there's obviously a BIGGER plan here.

or else the leaker wouldn't leak it.

it's not just some joe schmo hacker that wants to "make the world fair" lol.

whoever leaked this fucking shit has a bigger strategy and this is just part of it.



what's in the papers isn't important.
it's, who hacked it, who leaked it, and why leak it at this particular time, and for what reason. those are the real questions.
there is a greedy reason behind it. it's not some heaven sent divine whatever goody shit.

Ditto. Hiding money has gone on for centuries - the information of who and how was just not made available to the public until leaks such as this one.

CiC or not, there are always reasons and motives behind every action. The money from Saudi royalty must be ridiculously vast - screw over this firm in Panama then what next? Via Bloomberg, Rothschild (as well as other law firms) is opening a office in Nevada and rearranging their clients. Cut the head off of a head beast and replace it yourself for more profits.

One of the firms supporting the leak is funded greatly by George Soros - Hedge Fund Manager as well. So - lots of great detail in the vine where attention is not brought to.

Side note, those IMF leaks are quite interesting as well; possibly more intriguing than the Panama Papers themselves. June shall be an interesting time in the markets considering the Brexit - whether or not the IMF desiring an event to destabilize Europe even more is valid. Although, if you are body that lends money, you want to be able to do this as often as possible. The IMF only lends when countries are in need of help. Logic connects the dots for us here.

[SkinnyPupp]

The Panama Papers prove it: we can afford a universal basic income | Colin Holtz | Opinion | The Guardian (http://www.theguardian.com/commentisfree/2016/apr/07/panama-papers-taxes-universal-basic-income-public-services)

The Tax Justice Network estimates the global elite are sitting on $21–32tn of untaxed assets. Clearly, only a portion of that is owed to the US or any other nation in taxes – the highest tax bracket in the US is 39.6% of income. But consider that a small universal income of $2,000 a year to every adult in the US – enough to keep some people from missing a mortgage payment or skimping on food or medicine – would cost only around $563bn each year.

A larger income, to ensure that no American fell into absolute abject poverty – say, $12,000 a year – would cost around $3.6tn. That is a big number, but one that once again seems far more reasonable when considered through the lens of the Panama Papers and the scandal of global tax evasion. Because the truth is that we have all been robbed, systematically, by the world’s wealthiest people, for decades. They have used those stolen dollars to build yet more wealth for themselves, and all the while we have been arguing with ourselves over what to do with the leftover pennies.

[originalhypa]

I may not agree with Ulic's opinion, but I appreciate when it's well said.
I totally agree that the wealthy try as hard as they can to keep their money. I use all of the opportunities from tfsa to resp to keep my money. But the truth is that these rich pricks are robbing our communities. The Vancouver school board is $29 million in the hole this year. Would they still be in such trouble if everyone paid their fair share?

I like the idea of a flat tax. Combined with pst and gst, I would like to think that we would be in a better situation.

[Ulic Qel-Droma]

the thing is if they redistributed the money to everyone, it would eventually just go back to the way things are now...

people's spending habits and saving habits dictate where the money goes.

the rich get richer, and the poor get poorer, because of mentality.

if the money was fairly paid in taxes and all that stuff, people's expectations and spending habits would just go up and everything would be equalized back to what it is now...

instead of spending 50c on a pencil for the school board, they would be buying 5 dollar pencils... cuz they can.

the problem is the average chump doesn't know how to manage their money like the rich do. the bigger the bank, the more they spend. the rich know this. that's why they don't wanna share, cuz if they do, all that money will just get blown on retarded shit.

it's not designed to be a struggle, that part is innate.

the system isn't designed by some mastermind or a group of rich people.

the system we see and operate in, is a by product of our actions which is a by product of our mentality.

regardless of how you reset the system, or redistribute anything... it will ALWAYS fall back to its current state.

like water flowing down stream, it's always going to flow the way it flows. regardless of how you try to control the water. any redistribution or "system overhaul" is very temporary.

there is no problem... and if you think there is, then look in the mirror and point at yourself. cuz humans would be the problem lol.

the system is fair in the way that you have a chance of climbing up there and hiding your money and pissing down the pyramid on the rest of the people. if not you, maybe your children or grand children, or grand grand children.

there really is no other way, as long as we are homo sapiens.

lol, the only hope we have in our lifetime is some super AI/robotics/cybernetics, that changes the dynamics of how humans fundamentally think and operate.

otherwise we are just super apes, and the pattern of how power is distributed has not changed in all of recorded history. what makes you think it will change now? humans haven't changed. and wont. it's that easy.

now get out there and make big bank and join them!

[Ulic Qel-Droma]

Well, you have to give up some of that sweet money to enjoy the benefits of living in a country that provides the following things that you take for granted:
Education
Peace and Order
Roads/Infrastructure
Tons of national parks and space to roam, camp, hike, bike, etc.
Community Centers
Social Programs
Injection Sites
Maintaining military might
Clean environment (water, air, etc)
etc.

If you have not been outside the country, I suggest you visit some country that collects low or no income tax and see if you can get the same benefits that you enjoy in comfort here in Canada. A lot of countries collect a higher tax than Canada but only offer little benefit to their citizens. A lot of that tax money goes into corrupt politicians' pockets.

One has to pay to play. Nothing is free.:)

yah dude, the people that use those services most pay for it... aka everyone other than the rich.

the rich pay for their own private services... cuz they can. lol.

[CharlesInCharge]

the system isn't designed by some mastermind or a group of rich people.I disagree. Like stated earlier... who owns these off shore banks?

Canada doesnt deny funding global terror... who decides to fund ISIS?
Reports link Islamic State recruiter to Canadian Embassy in Jordan | Ottawa Citizen (http://ottawacitizen.com/news/politics/alleged-spy-arrested-in-turkey-for-helping-girls-join-islamic-state-was-working-for-canadian-embassy-in-jordan-reports)

...and with protecting the drug trade with our occupation of Afghanistan which still exports 90% of the worlds heroin through its bright red farm fields of poppy flowers...

are we as Canadian citizens expecting a return of profits from all of this paid by our taxes?

[Timpo]

Trudeau says he's been 'entirely and completely transparent' about his finances - Politics - CBC News (http://www.cbc.ca/news/politics/trudeau-tax-avoidance-panama-1.3526183)

"In this budget, even before the Panama Papers came out, we had allocated an extra $440 million to the Canada Revenue Agency to ensure they are empowered to go after tax avoidance," Trudeau said.

[Hehe]

Oh come on... not the rich hate again. People are not getting this right.

Of course, if people are using the anonymity for illegal purpose/proceed (like how the Iceland PM did), it's not good. But you can't stop criminals to commit crimes... whatever you do or we as citizen demand our gov't to do, someone else would find a loophole and exploit it.

Instead, people should look at the big picture if they really want to make a difference. It's not about who's cheating on taxes, it's about how it was done. Why is it that the strategies have existed for so long (the leak dates back 40yrs), yet IRS/CRA never took action on it? Let me tell you, because more often than not, IRS/CRA came up empty-handed.

The strategies that these people use are not exactly morally correct, but they are legal. IRS/CRA can pour all the resource they want, but they would find little if any at all illegal. Hence, it's not worth their investment to go after these.

To make a difference, we should start educating ourselves on the method they use, see how they can improve our tax efficiency and go along with it. Only when the gov't stops getting enough revenue, they would start looking how to change laws to stop this madness.

This is why after so many years of complaining to my parents about using professionals to "optimize" their taxes, my brother joined them last year. He had his new accountant restructures his holding structure to be more efficient when it comes to cross-border tax filling, and although it cost some good pennies, He now pays slightly more taxes (percentage-wise), but worry less about how his holdings would pass onto his children one day and have less exposure to liabilities should anything happens. The best part? As his income grows, his tax rate would actually stay the same (or decrease in relative term) and all while staying perfectly legal.

So don't hate, join them... talk to a professional and see what they can do for you. You might be surprised what a few thousand dollars on fees can make on your finances in the long run.

[Manic!]

The strategies that these people use are not exactly morally correct, but they are legal.

So how did Putin legally get 2 billion dollars. I don't think Russian civil servants get paid that well.

[Hehe]

So how did Putin legally get 2 billion dollars. I don't think Russian civil servants get paid that well.

I was referring to the strategy itself, not the source of fund. Whether that 2B was illegitimate, we'd never know. They can claim some special funding resource from the gov't and make it perfectly legal for all purposes, he just didn't want the transactions to be on the table (the specific accounts linked to Putin was speculated to be accounts to pay for bribes, access to information... etc. It was not a personal saving account per se)

And even if the fund were dirty, it would have been in place with or without Fonseca.

I'm just saying that we, as average joes should really try to get what we can learn from here, and not being swayed by the media on saying who's corrupt. After all, none of these accusations were proven. It's simply the in-fame that people get when they read about "offshore accounts". Doing that doesn't make your life any better.

But let's say you want to make a change... to close these loopholes. Do you think by scrutinizing the details of these shadow entities are going to change anything? No! They would find some holes here and there, fine a few millions... and everything is back to where it was. Riches still cheat like crazy while average joes take all the responsibility.

As I said, join them... let's say when every single individual is optimizing their taxes at the full extend the law permits, we'd either have a happy society where there's no hate (everyone exploiting the same holes) or the gov't would start closing old holes.

[SkinnyPupp]

Nobody gives a shit about the strategy of offshore banking, so quit trying to make it out to be 'oh the plebs are angry that we figured out how to get richer and now they want our hidden money'

The important part is when it's being used illegally for things like sheltering from having to pay taxes due, drug banking, etc.

Everyone knows that sketchy offshore banking exists and has for a long time.

[Manic!]

As I said, join them... let's say when every single individual is optimizing their taxes at the full extend the law permits, we'd either have a happy society where there's no hate (everyone exploiting the same holes) or the gov't would start closing old holes.

Are you sure what your accountant is doing is legal? For all I know your whole family could be one audit away from being up schitt'$ creek.

[Hehe]

Are you sure what your accountant is doing is legal? For all I know your whole family could be one audit away from being up schitt'$ creek.

Audit was done several times... other than some small mistakes, nothing major. The integrity itself is sound as far as IRS and Taiwan government (their base) are concerned.

To be more precise, what I'm suggesting is this... don't hate the rich because they are doing something more than you when you could do the exact same thing.

Tax planning is perfectly legal and I suggest everyone to spend some time and money to speak with a professional in the know to discuss your long term plan and options and how some creative planning can make big impact in the future.

By avoiding an efficient tax planning, you are just giving the riches reasons to continue to take advantage of the system. An efficient tax planning doesn't always involves an offshore holding, although in some cases (let's say you are investing in foreign assets in the longer term, parking your cash abroad actually makes more sense than repatriating because you can defer the taxes in Canada for as long as possible, not to mention some advantages on estate planning, liability... so on), it can help. Or something more simple like life-term insurance policy, use of trust, or some other strategies that can limit your tax exposure.

By not doing the planning, you might be contributing to the society, but you might as well setup everything and donate your money to the party that you think deserve the most. I mean, you are giving away money, why not do it in the way you agree the most?

[Ulic Qel-Droma]

To be more precise, what I'm suggesting is this... don't hate the rich because they are doing something more than you when you could do the exact same thing.

lol worded it perfectly. well said.

[Ulic Qel-Droma]

I disagree. Like stated earlier... who owns these off shore banks?

sure, but the offshore banks exist because they can. because not any one power controls everything.

if there was some new world order illuminati, they wouldn't need to hide. they wouldn't NEED hidden offshore banks. they'd just fuckin kill who they want and take what they want in plain sight. no need to hide.

the fact that people need to hide, means there's NO one central power controlling everything. they can hide under the wings of one entity, while operating under the wings of another entity.

the illuminati, is as real as the patriarchy...

it's a distorted perception that there is some greater power out there oppressing people. when in fact, it's just a perception malfunction lol...

wow, i just realised 3rd wave feminists are as crazy as cic lol. they are the exact same type of crazy actually. hahaha!!!




okok, so there might be some kinda zio-nazi wahtever illuminati lizard men group.. but they ARENT as powerful as you think they are... and they definitely have infighting as well. there's definitely a game of thrones shit going on within their group. it happens within every powerful group. no matter how secret they are.


that being said, bad things are not always bad. balance is needed, ying and yang bros. balance.

when you start labelling things good and bad, moral and immoral... it just means you're on one side of the extreme... cuz in reality, there is no good or bad, just sides you're on.

shadow banking, black market, all that shit is a big part of our world, and a much needed part of our world. if u get rid of it, i GUARANTEE, your beloved legit world will fall to pieces faster than you jizzing the first time you had sex.

[Manic!]

To be more precise, what I'm suggesting is this... don't hate the rich because they are doing something more than you when you could do the exact same thing.

Tax planning is perfectly legal and I suggest everyone to spend some time and money to speak with a professional in the know to discuss your long term plan and options and how some creative planning can make big impact in the future.

By avoiding an efficient tax planning, you are just giving the riches reasons to continue to take advantage of the system. An efficient tax planning doesn't always involves an offshore holding, although in some cases (let's say you are investing in foreign assets in the longer term, parking your cash abroad actually makes more sense than repatriating because you can defer the taxes in Canada for as long as possible, not to mention some advantages on estate planning, liability... so on), it can help. Or something more simple like life-term insurance policy, use of trust, or some other strategies that can limit your tax exposure.

By not doing the planning, you might be contributing to the society, but you might as well setup everything and donate your money to the party that you think deserve the most. I mean, you are giving away money, why not do it in the way you agree the most?

My brothers an accountant with his own firm dealing with gas and mining companies before that he was a CFO for a mining company and before that he was the head of the tax department for one of the big 3 in Vancouver. There is no reason to hide money from the government unless you are doing something illegal.

[Hehe]

There is no reason to hide money from the government unless you are doing something illegal.

And there is no reason for them to know something if the asset doesn't concern the gov't in question.

Your idea of "they have an anonymous offshore account, they must be doing something illegal" is a prejudice, but it can simply be a way to avoid filling headaches.

My parents live outside of Taiwan while owning both foreign (to TW) and domestic assets. In their tax filling to Taiwan, they list every local assets and income that's generated from TW source and pay the TW taxes accordingly. And because of them not residing in Taiwan, their foreign assets don't concern Taiwanese gov't, and there's no need for them to know about such existence. Therefore, their annonymous holding entity is not illegal as long as they are still filling everything accordingly.

I might not have made myself clear, and I will try to do again.

Tax planning strategies, including but not limited to offshore entities, trusts, and/or insurance policies, are ways to optimize one's tax obligation. By employing such strategies do not constitute a tax evasion as long as all the legal requirements on declaration were met.

If one is evading taxes and only using strategies to make it harder to discover, that's whole other topic. A person could hold cash income under the mattress and still constitute as tax evasion. Thus, methods of how to achieve tax efficiency is not the illegal part.

I am advocating that everyone should maximize their tax efficiency. Afterall, why pay more than what you have to? If you have the prejudice on tax strategies and think they are simply all methods for tax evasion, you should think again. Furthermore, if your brother is CFO for a corporation, then he has the obligation and responsibility to the company shareholders to explore all possible legal methods to maximize profit, or in this case, minimize the tax exposure, liability or any other cost possible. By doing anything less, he wouldn't be doing his job right.

Tl;dr: tax strategies are something everyone should take a look at. They are available to everyone, but it is up to us as taxpayers to use it. If you don't, you are forfeiting your right to a higher tax efficiency. And why do that?

[CharlesInCharge]

sure, but the offshore banks exist because they can. because not any one power controls everything.

if there was some new world order illuminati, they wouldn't need to hide. they wouldn't NEED hidden offshore banks. they'd just fuckin kill who they want and take what they want in plain sight. no need to hide.

....



okok, so there might be some kinda zio-nazi wahtever illuminati lizard men group.. but they ARENT as powerful as you think they are... and they definitely have infighting as well. there's definitely a game of thrones shit going on within their group. it happens within every powerful group. no matter how secret they are.


...The "NWO" power controls governments and on top of that prints countries money and decides how much should be in circulation, how much devalued by inflation and so on. So yes they wouldnt need offshore banks when its them behind everything,

A simple question that no one here can answer is whom do the western countries owe debt to? and are paying interest to... with Canada paying 40 billion alone on interest every year.

Second question is how all western countries have aligned themselves to blame 911 on 19 hijackers and to mobilize the U.S., Nato, and the Commonwealth armies to attack Iraq and Afghanistan.

What entity has the power to unify terrorist from around the world, import reliable Toyota's, spend billions on mercenary pay and weapons to create ISIS for the Libya, Iraq, and Syria campaigns?

In before Scrooge McDuck and Mr.Burns. :p

[4444]

I have seen this situation from a UK viewpoint, and the issue there is not about legality, but morality.

The high level view is that foreigners pay no UK capital gains tax on assets, so if you have a panama company that is run by a non-UK resident, no tax. gains are taxed in panama (probably 0%), funds can be repatriated.

by the letter of the law, this is 100% legal if control was, in fact, not done by a UK resident. Sadly, this is where panama gets a bit dicey, they have certain corporations that hide the controlling person, they put someone else's name as the person that controls decisions of the company (proxy control, the one giving proxy never gets named).

The issue here is not the people doing it, it is the ineffectiveness of tax authorities to develop simple rules that cannot be abused like this. In this global economy, we all should know each other's legal rules (country by country) and if there is a loophole, close it.

[Sid Vicious]

sure, but the offshore banks exist because they can. because not any one power controls everything.

if there was some new world order illuminati, they wouldn't need to hide. they wouldn't NEED hidden offshore banks. they'd just fuckin kill who they want and take what they want in plain sight. no need to hide.

the fact that people need to hide, means there's NO one central power controlling everything. they can hide under the wings of one entity, while operating under the wings of another entity.

the illuminati, is as real as the patriarchy...

it's a distorted perception that there is some greater power out there oppressing people. when in fact, it's just a perception malfunction lol...

wow, i just realised 3rd wave feminists are as crazy as cic lol. they are the exact same type of crazy actually. hahaha!!!




okok, so there might be some kinda zio-nazi wahtever illuminati lizard men group.. but they ARENT as powerful as you think they are... and they definitely have infighting as well. there's definitely a game of thrones shit going on within their group. it happens within every powerful group. no matter how secret they are.


that being said, bad things are not always bad. balance is needed, ying and yang bros. balance.

when you start labelling things good and bad, moral and immoral... it just means you're on one side of the extreme... cuz in reality, there is no good or bad, just sides you're on.

shadow banking, black market, all that shit is a big part of our world, and a much needed part of our world. if u get rid of it, i GUARANTEE, your beloved legit world will fall to pieces faster than you jizzing the first time you had sex.

exactly lol

guys like edward snowden would be dead in a second if some NWO organization actually existed
http://dillanweems.com/wordpress/wp-content/uploads/2012/09/VQ5DS.jpg

[CharlesInCharge]

Typical of you to fail me 4444 without challenging my views or questions...
could it be that an early life of mercury and aluminum injections has retarded your full potential?
How about the daily onslaught of hidden MSG in your food or fluoride toothpaste... could that explain your cognitive deficiencies to rebuttal in an civilized academic fashion then to always leave me a little fail to show youre in disagreement?

[originalhypa]

If one is evading taxes and only using strategies to make it harder to discover, that's whole other topic. A person could hold cash income under the mattress and still constitute as tax evasion. Thus, methods of how to achieve tax efficiency is not the illegal part.

The only way this would be considered tax evasion is if the money under the mattress was earned as income and income taxes were not paid on that income.

The important parts are highlighted for you. Once income tax has been paid, the money is clean and you can do with it what you choose.

But using Putin as an example, do you really think he is paying income taxes on those billions and putting the balance into an offshore account?

What's more likely is that the money was transferred into those account, in order to not pay tax on the money. You have to be naive to think that all of those thousands of people are honest in their offshore banking.


Tl;dr: tax strategies are something everyone should take a look at. They are available to everyone, but it is up to us as taxpayers to use it. If you don't, you are forfeiting your right to a higher tax efficiency. And why do that?

I agree with you 100% here. But there is a big difference between taking advantage of a TFSA or RRSP, compared to making cash money and having it deposited outside of your country. That's straight up illegal, which is why the Panama papers are garnering so much attention.

[Sid Vicious]

Typical of you to fail me 4444 without challenging my views or questions...
could it be that an early life of mercury and aluminum injections has retarded your full potential?
How about the daily onslaught of hidden MSG in your food or fluoride toothpaste... could that explain your cognitive deficiencies to rebutta in an civilized academic fashion then to always leave me a little fail to show youre in disagreement?

lmao at that syntax, looks like you just go through a thesaurus to construct your sentences

[Timpo]

WTF is Panama Papers?

Is it like a list of tax cheats? 11.5 million of them? This has nothing to do with KPMG vs CRA right? Those tax haven scandals?

[originalhypa]

^
take a look at the wiki. It explains a lot of what is going on here.

https://en.wikipedia.org/wiki/Panama_Papers

[Ulic Qel-Droma]

I have seen this situation from a UK viewpoint, and the issue there is not about legality, but morality.

legality is black and white. morality is not.

until morality can be black and white, there can never truly be an official moral debate and ruling on whether it is right or wrong.

until then, the law is the best thing that most people will agree on.

In this global economy, we all should know each other's legal rules (country by country) and if there is a loophole, close it.

you assume standard global morality, or dare i even say, standard universal/cosmic morality.

except that morality isn't black and white. and it's super subjective, and super scenario dependent. and it keeps shifting depending on a trillion factors which over 7 billion people cannot agree on.

tell me, why should i close a loophole that you and i create?
why should i close that loophole so you can collect more tax money, when it has no benefit to my country? in fact im losing money now. benefit to who? the poor? the poor where? in your country? are you the usa pointing some democracy missiles at me? is that how this is gonna go? see where this leads to?

what's worse... hidden money, or war?

well... that actually depends who you ask lol. if hidden money was better, then we wouldn't have wars would we. hah.

we cannot assume some position of universal morality, as if morality is some divine quantum physical law that is sewn into the fabric of existence. unless god does exist and there are real consequences for breaking some standard universal moral law. we just dont know it till we're dead lol.

but more than likely, there is no one judging, or creating these morals, it all depends on which side of the gun you're on.

I'd rather live in a world where this shit happens, than in a world where everyone is forced to live under one moral code.

I'd rather wars happen, all the time, than be forced to live under one moral code... unless of course it's my moral code haha... right? see how this gets ultra complicated.

the truth is, no one cares about morals, they only use their own version of morals to get their opponents dethroned from power. throwing the morality book around is just another prelude to the excuse of using physical force and dropping bombs.

you guys DO know the only thing that will come from this is that this shadow banking and all this shadow underworld black market shit will just be forced to evolve to be even stealthier and sneakier and more undetectable and more hack proof next round. The SAME shit will just happen, with the new people in power, that have learnt from the mistakes of these guys.

The motive will NEVER go away. the methods will only improve.

people are fuckin smart. you cannot wholly control a zero sum system permanently, in which your opponents are the same species as you, and the pieces of power are other people. it's just impossible.

[originalhypa]

damn man, you're good.
:notbad:

you guys DO know the only thing that will come from this is that this shadow banking and all this shadow underworld black market shit will just be forced to evolve to be even stealthier and sneakier and more undetectable and more hack proof next round. The SAME shit will just happen, with the new people in power, that have learnt from the mistakes of these guys.

The motive will NEVER go away. the methods will only improve.


This is the unfortunate truth. In 2006, wikileaks was supposed to change the world. It was supposed to bring to light the truth behind the hidden folks who run our world. But it didn't. Instead of rioting in the streets, we focussed on the Sony emails, and the alleged Assange rape.

They own us because they can. Knowledge is power? Bullshit. Knowledge is nothing more than knowing what is happening. It doesn't change anything.

[Timpo]

^
take a look at the wiki. It explains a lot of what is going on here.

https://en.wikipedia.org/wiki/Panama_Papers

This is so complicated.

So Mossack Fonseca is an accounting firm for business? Just like KPMG?
It says that their businesses included human trafficking and drug dealings as well as tax evasion?

Obviously if you're in human trafficking business, you're not gonna report that income to the government so apparently this accounting firm helped them out?

Seems like high end government officials and corporate executive were involved as well??

[CharlesInCharge]

Putin has no link to these so called leaks... its a false flag for sheeple to eat up.
lmao at that syntax, looks like you just go through a thesaurus to construct your sentencesCanada got billions in loans for the Afghanistan mission to protect the drug trade among other things... tell me, what entity do we pay debt interest to for these endeavors?

inbe4 grownup Ralph Wiggum rebuttal.

[CRS]

Putin has no link to these so called leaks... its a false flag for sheeple to eat up.
Canada got billions in loans for the Afghanistan mission to protect the drug trade among other things... tell me, what entity do we pay debt interest to for these endeavors?

inbe4 grownup Ralph Wiggum rebuttal.

https://media.giphy.com/media/ifxLK48cnyDDi/giphy.gif

[Timpo]

how did it even get leaked?

[Ulic Qel-Droma]

The only way this would be considered tax evasion is if the money under the mattress was earned as income and income taxes were not paid on that income.

The important parts are highlighted for you. Once income tax has been paid, the money is clean and you can do with it what you choose.

But using Putin as an example, do you really think he is paying income taxes on those billions and putting the balance into an offshore account?

What's more likely is that the money was transferred into those account, in order to not pay tax on the money. You have to be naive to think that all of those thousands of people are honest in their offshore banking.




I agree with you 100% here. But there is a big difference between taking advantage of a TFSA or RRSP, compared to making cash money and having it deposited outside of your country. That's straight up illegal, which is why the Panama papers are garnering so much attention.

my question to you is, do you think these guys chose to rise to the seat of power they sit in now, because they wanted to play nice? or because they have a gangster mentality and they choose to play that role, because they can, and because physical laws allow them to, and so does their ability to climb to power and excersize it.

do you think there are millions if not billions of potential people who would do the same? who are actually all the same, just they never rose to power or had the money to hide?

who's going to hold him accountable? i don't think anyone can. and he knows it, and that's why he gets away with it. and that's why there are these services that exist for these kinds of people.

the world's people are too busy trying to make their own money and gain their own power to get into his position.

that's what's so sweet about this world. if you wanna play nice, go play nice in some nice country. it's pretty fair to say we live pretty fair decent lives here in canada.

but i mean, if u wanna play it tough, high risk, high return... you can go out there and be a gangster and rack up the dough and hopefully make it into the big leagues with these guys and play on their level too. if you get caught along the way the price you pay is high. but the reward is all too sweet as well.

I don't get what people are trying to do here...

"putin has millions/billions in offshore accounts"
"yes... obviously... we knew that before already..."

the smaller bitch players that are still slaves and owned by their nation will get eaten and the state will take their "rightfully deserved" tax money.

the bigger players will negotiate a get out of jail free card, they'll share a bit of the wealth.

the biggest players will get away with it, cuz no power actually owns them, and they'll also absorb anything left on the table.

[Digitalis]

While your on the topic of war, you can't just go to war these days.
You need the moral highground, thus explains the slandering of Putin.
With the way the derivatives markets are set to implode the elite need to distract the general public with a EPIC sized distraction to cover their EPIC sized fraud.
In the past the leaders that called for war marched into the frontlines and actually got their hands dirty and had the real chance of dieing on the front lines for their cause.

Nowadays you have a bunch of pencil pushers that have never seen death/war upclose and personal. They just push a button or order a underling to do it.
Why do you think there are all these candidates spouting off about showing Russia how "strong" we are?
How about Obama saying he was worried about a nuke going off in NYC.
*wink wink nudge nudge*
They are actively trying to start a nuclear war with Russia as a giant distraction! No one else has the technology to mess with the USA currently.
Saber rattling aside it would take China till 2020-25 to be able to mess with the US.

If you look at history when uprisings start to happen and people begin to figure things out, suddenly war breaks out!

All in all if shit hits the fan I expect more "millionares" flooding to vancouver and those RE prices are going to keep going up. Just look at Millionaires Are Fleeing Chicago In Record Numbers | Zero Hedge (http://www.zerohedge.com/news/2016-04-06/millionaires-are-fleeing-chicago-record-numbers)

[4444]

Typical of you to fail me 4444 without challenging my views or questions...
could it be that an early life of mercury and aluminum injections has retarded your full potential?
How about the daily onslaught of hidden MSG in your food or fluoride toothpaste... could that explain your cognitive deficiencies to rebuttal in an civilized academic fashion then to always leave me a little fail to show youre in disagreement?

because when i do, your response is nonsense and total ignorance of the issue at hand.

do you not eat food, then? do you not brush your teeth? because the BS you drivel here (such as the quoted) is just that - i tend to eat only home prepared meals (generally), fresh fruit and veg, salads, very little meat.

i do brush with toothpaste, and european water has fluoride in it (healthier teeth... though that is an oxymoron, given my people's teeth... ok, brits actually have extremely healthy, just ugly, teeth)

what do you want to actually debate - one on one debate and retort? if it is debate and retort, i'm down, but if it's debate and drivel, i won't waste my time

[4444]

Putin has no link to these so called leaks... its a false flag for sheeple to eat up.
l.

no one needs to rebut this. please expand on how Putin is not involved in this given the fact that his best friend (daughter's god father) is ABSOLUTELY involved.

You may say guilty by association, but there's no smoke without fire.

please support your assertion.

[CharlesInCharge]

This is petty even for you 4444.
You failed my post (#73)
http://www.revscene.net/forums/708350-panama-papers-3.html#post8745321
So lets start from the beginning. Whats your rebuttal?

Here is what I have packing to give you a chance...
http://i.imgur.com/zD2FjEb.jpg http://www.rudemacedon.ca/fhtt/debtscam.html

And on another note a Harvard study says fluoridated water is causing cognitive disorders... but facts like this is what you would call drivel.

[4444]

This is petty even for you 4444.
You failed my post (#73)
http://www.revscene.net/forums/708350-panama-papers-3.html#post8745321
So lets start from the beginning. Whats your rebuttal?

Here is what I have packing to give you a chance...
http://i.imgur.com/zD2FjEb.jpg From Here to There - The Great National Debt Scam (http://www.rudemacedon.ca/fhtt/debtscam.html)

And on another note a Harvard study says fluoridated water is causing cognitive disorders... but facts like this is what you would call drivel.

random pictures of text, cracker jack site links.

edit:
haha, yeah CIC, this is a legit site:
"the Rude Macedon
Conspiracy Theorist and F***ing Proud of It!!"

this is why i don't even bother anymore.

just so you know, you can take 100 studies on a topic, they will have a breakdown like this:

10 will be rebuttals of previous studies given new hypotheses or new data (sometimes by the same people)
50 will be one way
40 will be another way

finding 1 study doesn't mean a proposition is fact.

breathing is bad for you, it kills you - i could find you studies (multiple) proving this, you going to hold your breath now?

[CharlesInCharge]

Thanks for proving to everyone that your fails are worthless clicks of an uneducated, arrogant and fluoridated man.

[4444]

Thanks for proving to everyone that your fails are worthless clicks of an uneducated, arrogant and fluoridated man.

wot?

i questioned you on putin... still waiting on a response to prove he had nothing to do with his best friend all of a sudden, for doing nothing, getting rights to hundreds of millions of dollars worth of loan repayments, or receiving multi million dollar loans that were immediately written off.

luck?

CIC, you define the term troll with shit like this. you are the kettle calling the pot black.

i still want to know whether you brush your teeth with toothpaste, or if you eat any food.

[jasonturbo]

You know what's even worse than rich people hiding their money?

They way that governments just burn cash.

No conspiracy or 1%'er bullshit needed.

[Digitalis]

Sorry nowadays calling someone a conspiracy theorist is no longer a valid holier than thou method of dismissing them. The main stream media has tried that tactic and all its gotten them is a declining audience.
Sad to see mr. numbers and facts in the finance department has bupkis when it comes to real facts.
You can lie to yourself all you want in the real estate thread but dont think you wont get called out for it here.
random pictures of text, cracker jack site links.

edit:
haha, yeah CIC, this is a legit site:
"the Rude Macedon
Conspiracy Theorist and F***ing Proud of It!!"

this is why i don't even bother anymore.

just so you know, you can take 100 studies on a topic, they will have a breakdown like this:

10 will be rebuttals of previous studies given new hypotheses or new data (sometimes by the same people)
50 will be one way
40 will be another way

finding 1 study doesn't mean a proposition is fact.

breathing is bad for you, it kills you - i could find you studies (multiple) proving this, you going to hold your breath now?

[pastarocket]

The searchable database is interesting. I found Jackie Chan's shell company. -awful name to use. He could have called it "Rush Hour Limited" in order to try to keep a low profile.
:lawl:

Search the Panama Papers database - Business - CBC News (http://www.cbc.ca/news/business/panama-papers-icij-database-public-search-1.3573622)

JACKIE CHAN LIMITED

Connected to 1 officer
Connected to 1 intermediary
Incorporated: 25-JUL-2005
Status: Active
Registered in: British Virgin Islands
Linked countries: Hong Kong
Data from: Panama Papers
Agent: Mossack Fonseca
The panama papers data is current through 2015

[GLOW]

Thanks for proving to everyone that your fails are worthless clicks of an uneducated, arrogant and fluoridated man.

4444 lives in florida? does he listen to flo rida too?
http://ichef.bbci.co.uk/images/ic/256x256/p02l4wnb.jpg

[Timpo]

CRA cracks down too hard on average taxpayers, goes easy on rich, Liberals say - The Globe and Mail (http://www.theglobeandmail.com/news/politics/tax-man-goes-easy-on-rich-people-liberals-say/article29909238/)

CRA cracks down too hard on average taxpayers, goes easy on rich, Liberals say
OTTAWA — The Globe and Mail
Published Thursday, May 05, 2016 8:38PM EDT
Last updated Thursday, May 05, 2016 8:43PM EDT

http://static.theglobeandmail.ca/326/report-on-business/rob-commentary/article29533011.ece/ALTERNATES/w620/web-co-herman-0405.JPG
The Canada Revenue Agency headquarters in Ottawa is shown on November 4, 2011.
(Sean Kilpatrick/THE CANADIAN PRESS)

Liberal MPs are accusing Canada Revenue Agency executives of cracking down too hard on average taxpayers while quietly reaching deals with well-off Canadians who can afford high-priced lawyers and accountants.

CRA commissioner Andrew Treusch and his top officials responsible for offshore tax enforcement were grilled on Thursday by MPs on the House of Commons finance committee as part of a review of the agency’s enforcement approach.

Much of the discussion focused on the CRA’s continuing investigation of what it calls the “KPMG offshore tax scheme,” in which the global accounting firm helped 27 wealthy individuals move money to the Isle of Man as a way to avoid Canadian taxes.

A KPMG executive testified earlier this week that the service was provided for an average fee of about $100,000, and that the firm largely phased out the program in 2003.

The members of the governing caucus criticized the CRA even though the March 22 Liberal budget gave the agency a vote of confidence, providing an extra $444.4-million to improve tax enforcement. The budget projected that these efforts would raise an additional $2.6-billion in revenue over five years. The CRA described that estimate as “conservative” on Thursday.

Officials refused to confirm directly on Thursday that the agency has reached out-of-court settlements with some people connected to its KPMG investigation. However, the agency released a summary review of its actions conducted by Dalhousie University law professor Kim Brooks that concludes it acted appropriately and that it is “normal” for it to resolve disputes out of court after weighing the potential cost and time of further litigation.

Several Liberal MPs challenged that argument.

Jennifer O’Connell, who represents Pickering-Uxbridge, said she has “very serious concerns” about how the CRA treats average taxpayers. She said single mothers in her riding are being forced to hand over their low-income government support payments because of disputes with the agency over relatively small amounts of owed taxes.

“If the determination [of whether to settle] is based on hours in court or accountant fees, how would the average Canadian who can’t afford a $100,000 fee to KPMG, how is that a fair treatment across the board for all taxpayers?” she asked.

Mr. Treusch said all Canadians can get settlements, regardless of income. “We’ve been emphasizing that if a taxpayer has a debt beyond their means to pay, please come talk to us. We’re happy to work out some resolution. These are available to all taxpayers.”

Brampton East Liberal MP Raj Grewal also challenged the CRA on the suggestion that average Canadians receive the same treatment as high-income taxpayers.

“It’s the perception that they’re getting a better deal than the truck driver, the taxi driver, that’s being audited for their receipts, gas receipts and stuff like that,” he said. “People are very concerned when the CRA picks up the phone and starts reviewing their file. I think that’s where the heart of the issue is.”

Mr. Treusch also said the agency is trying to do more assisting and less auditing of small businesses while increasing the auditing focus on large international companies.

He said the KPMG case is continuing and that it has led the agency to conduct a “blitz” of 800 tax files connected to the Isle of Man.

“We do not characterize the KPMG file as an amnesty,” he said. “This matter remains before the court. We are determined to continue to get all of the participants in this scheme and we want our day in court. Our work is not done.”

[originalhypa]

The important part is when it's being used illegally for things like sheltering from having to pay taxes due, drug banking, etc.

and it begins.....

Panama Papers expose secret offshore firms of Vancouver developer Michael Ching, wanted by China for graft

Exclusive: Property magnate and would-be refugee, suspected of embezzlement and hiding assets, is identified in leaked documents by his HKID number, connecting him to two now-defunct tax haven companies set up in 1990s

Vancouver property developer Michael Ching Mo Yeung, who is wanted by China for corruption and hiding illicit assets, was a director and owner of two secret offshore companies set up in the tax haven of the British Virgin Islands in the 1990s, according to leaked financial information obtained by the South China Morning Post this week.

The wealthy businessman - who is fighting for refugee status in Canada and is the son of late disgraced Hebei governor Cheng Weigao – purchased a “ready made” BVI investment company with three other people in 1995, according to documents from the so-called Panama Papers provided by the International Consortium of Investigative Journalists.

He is identifiable both by name, “Ching Mo Yeung”, and his Hong Kong identity card number, which matches that provided by China in a “wanted” notice last year.

Panama Papers expose secret offshore firms of Vancouver developer Michael Ching, wanted by China for graft | South China Morning Post (http://www.scmp.com/comment/blogs/article/1944555/panama-papers-expose-secret-offshore-firms-vancouver-developer-michael?utm_source=&utm_medium=&utm_campaign=SCMPSocialNewsfeed)



and look, there he is with Turdeau.
http://static.theglobeandmail.ca/02a/news/politics/elections/article26608407.ece/ALTERNATES/w620/bc-ching30nw1.JPG

[Bouncing Bettys]

Emma Watson was named in Panama Papers. What a sexy cunt.