Thread: Pandora Papers
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Old 5th October 2021, 01:23 AM   #16
Childlike Empress
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U.S. Government Provides Another Trove Of Offshore Papers Of People It Dislikes

Originally Posted by b
[...] The published papers are a system's fake critique of itself. While they support U.S. foreign policy objectives by accusing people the U.S. does not like they will also lead to more support for financial surveillance and spyimg. By disgracing or eliminating overseas competition they promote U.S. tax havens like Alaska, Nevada and Delaware to foreign 'customers':
The Pandora Papers contains details on over 200 trusts set up in the U.S. in recent years. In dozens of cases, clients have abandoned more traditional havens, such as the British Virgin Islands and the Bahamas, in favor of the U.S.

The most popular destination has been South Dakota, where the past decade has seen the value of assets held in trusts reach more than $360 billion. State laws in South Dakota allow for the establishment of secret trusts which don’t have to pay a cent of tax to the state for any earnings. Unlike most states, which restrict the life of trusts to a century or less, South Dakota trusts are also “perpetual,” meaning they have no end date. This means they can continue making tax free gains and passing them on to future generations — theoretically forever.
So the U.S. set out to blame offshore tax havens and foreign leaders of corruption while it itself is the biggest sinner with regards to both. There is pattern in this. Whenever the U.S. accuses some foreign person or government of doing 'something' their is a high probability that 'something' is exactly what the U.S. is doing itself.

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