If the US seeks to find out which Americans are involved in tax fraud, it will, ipso facto, target the wealthy ones along with the rest.
Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
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Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#12Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#13This was originally reported by Bloomberg and then the Boston Globe, https://www.bostonglobe.com/2021/07/29/business/wealthy-amer... To my knowledge, Bermuda Post is not a real journalistic organization in Bermuda (the major paper is the Royal Gazette). Instead, checking their about page reveals: 'BermudaPost is a non-profit, private and self-funded, commonly-created News and info-sharing platform that enables everyb…
It'd be a really cool if there was a browser plugin that showed you the provenance of any news you read. Like first appeared here, then here then here....
Block chain is rudimanting about throwing himself into the discussion :)
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#14This was originally reported by Bloomberg and then the Boston Globe, https://www.bostonglobe.com/2021/07/29/business/wealthy-amer... To my knowledge, Bermuda Post is not a real journalistic organization in Bermuda (the major paper is the Royal Gazette). Instead, checking their about page reveals: 'BermudaPost is a non-profit, private and self-funded, commonly-created News and info-sharing platform that enables everyb…
Interesting. I saw it on Drudge Report and hadn’t seen it discussed here. DDG gave it a B+ so I just assumed it was reputable
I think DDG's site scoring is based on how many invasive trackers and advertising it has and not if a site's information is reputable. Though someone please correct me if I'm wrong?
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#15If the US seeks to find out which Americans are involved in tax fraud, it will, ipso facto, target the wealthy ones along with the rest.
I’d expect the larger the fraud, the more likely for them to be wealthy. It likely tapers off as I don’t expect Bezos to risk jail time to save a few bucks, but I’d bet you’ll have more at the single and double digit millionaire than say the sub $100K net worth.
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#16Mapped: The World’s Biggest Private Tax Havens
https://www.visualcapitalist.com/worlds-biggest-private-tax-...
Panama is the 15th.
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#17This is the actual press release from the DoJ/IRS about these cases: https://www.justice.gov/usao-sdny/pr/irs-obtains-court-order...
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#18Mapped: The World’s Biggest Private Tax Havens https://www.visualcapitalist.com/worlds-biggest-private-tax-... Panama is the 15th.
Why is Switzerland so high on the list? We might have low taxes for companys, but since many years now, other countrys get all information about the customers. So if an us person open an account, they send all information about it to the us. I think this is at least since 15 .. 20 years now.
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#19If the US seeks to find out which Americans are involved in tax fraud, it will, ipso facto, target the wealthy ones along with the rest.
I’d expect the larger the fraud, the more likely for them to be wealthy. It likely tapers off as I don’t expect Bezos to risk jail time to save a few bucks, but I’d bet you’ll have more at the single and double digit millionaire than say the sub $100K net worth.
Rumor has it a low 7-figure business is most likely to get audited. Big enough to be worth it, small enough to be shady.
Re: Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
#20Mapped: The World’s Biggest Private Tax Havens https://www.visualcapitalist.com/worlds-biggest-private-tax-... Panama is the 15th.
Why is Switzerland so high on the list? We might have low taxes for companys, but since many years now, other countrys get all information about the customers. So if an us person open an account, they send all information about it to the us. I think this is at least since 15 .. 20 years now.
The score is a combination of the amount of wealth stored and the degree to which wealth is able to be hidden in that jurisdiction. Notice that the US is number 2 on the list. It may be a heavily scrutinized jurisdiction and thus not a great tax haven in the traditional sense, but there are still huge amounts of capital moved there. They can still be useful, especially to move funds away from your country of residence's jurisdiction.