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Paradise Papers: New leak from offshore finance firm

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Re: Paradise Papers: New leak from offshore finance firm

#21
post #16

The leak shows substantial Russian cash going to US commerce secretary Wilbur Ross; Twitter and Facebook; and Arsenal and Everton. It also shows the usual tax avoidance by powerful people including Lord Ashcroft and Trudeau financier Stephen Bronfman.

What will it take for people to say NO MORE

Re: Paradise Papers: New leak from offshore finance firm

#22
post #4

Hoarding money like this is highly immoral. Just give most of it away: https://www.currentaffairs.org/2017/06/its-basically-just-im...

All the money that rich people give away comes out of your wallet in the form of tax deductions.

Could you explain why is that the case, I've heard that multiple times, but for me the math doesn't work out.

If I earn an amount of (x+y), I would get taxed on (x+y), but if I donate x money, I would get taxed on y, but I've already paid x in donations, so unless there is something fishy going on with the x donations part, it would make sense for someone to not donate, as they are already being taxed on y, and the taxes on x would be less than x.

So how are the rich making these donations out of my wallet?

Re: Paradise Papers: New leak from offshore finance firm

#24
Honestly, nothing new. Does anyone still care? Action is being taken on an international level to combat avoidance, but it takes time. These types of offshore vehicles offer privacy and serve various specific purposes (e.g. tax transparent international investing). Yes, they can be used for illegal purposes (sometimes), but frankly that seems like the minority to me.

What worries me a bit though, is the fact that heaps of confidential information is just thrown online, without significant filtering. Even completely legal situations are published, but since the average joe has no understanding of tax law, he'll assume these people are doing illegal things. Attorney-Client privilege?

Re: Paradise Papers: New leak from offshore finance firm

#27

Honestly, nothing new. Does anyone still care? Action is being taken on an international level to combat avoidance, but it takes time. These types of offshore vehicles offer privacy and serve various specific purposes (e.g. tax transparent international investing). Yes, they can be used for illegal purposes (sometimes), but frankly that seems like the minority to me. What worries me a bit though, is the fact that hea…

Welcome to the Soros funded news cycle. Use whatever means necessary to destroy your political opponents.

Besides the points you raise, how do we know the info being made available hasn't been filtered to avoid friendly fire?

There isn't a nickel's worth of difference between most of the elites, but Soros funding of these sorts of things is usually self serving.

Re: Paradise Papers: New leak from offshore finance firm

#28

It's funny how the people of Russia and the US are framed as being such great enemies when in reality many of the rulers of both countries have more common interests with each other than they do with the citizens of their own nations.

It's not an accident.

Re: Paradise Papers: New leak from offshore finance firm

#29

It's funny how the people of Russia and the US are framed as being such great enemies when in reality many of the rulers of both countries have more common interests with each other than they do with the citizens of their own nations.

The substantial conflict of the world isn't the clashing ideologies and geopolitical interests of major states, but the steady repression of the most marginalized by the most privileged and powerful.

Re: Paradise Papers: New leak from offshore finance firm

#30

Honestly, nothing new. Does anyone still care? Action is being taken on an international level to combat avoidance, but it takes time. These types of offshore vehicles offer privacy and serve various specific purposes (e.g. tax transparent international investing). Yes, they can be used for illegal purposes (sometimes), but frankly that seems like the minority to me. What worries me a bit though, is the fact that hea…

Welcome to the Soros funded news cycle. Use whatever means necessary to destroy your political opponents. Besides the points you raise, how do we know the info being made available hasn't been filtered to avoid friendly fire? There isn't a nickel's worth of difference between most of the elites, but Soros funding of these sorts of things is usually self serving.

Soros his communication and corporate structures were leaked as well. Not sure that was the intent, but he's had offshore vehicles since the 60s: https://en.wikipedia.org/wiki/Quantum_Group_of_Funds
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