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#1 |
Disorder of Kilopi
Join Date: Dec 2009
Location: State of Flux
Posts: 16,692
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Pandora Papers
The Guardian: Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
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His real name is Count Douchenozzle von Stenchfahrter und Lichtendicks. - shemp |
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#2 |
Penultimate Amazing
Join Date: Jul 2006
Posts: 22,396
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Here in Canada the Toronto Star is already on top of things (they are a member of the International Consortium of Investigative Journalists).
https://www.thestar.com/news/investi...bal-elite.html Even if much of this is legal, the ethics and appearance of manipulating your money to avoid taxes should be embarrassing to some. No matter what their lawyers have say. ![]() |
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"Reality is what's left when you cease to believe." Philip K. Dick |
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#3 |
Penultimate Amazing
Join Date: Aug 2007
Location: The Antimemetics Division
Posts: 58,550
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There is no Antimemetics Division. |
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#4 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 3,701
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Well Czech Prime minister is in there, 12M GBP deep. And parliament elections are coming up this Friday. So we'll see.
He has already let us know it was published specially to harm him in the elections. |
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#5 |
Philosopher
Join Date: Jul 2013
Location: 49 North
Posts: 5,609
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#6 |
The Grammar Tyrant
Join Date: Jul 2006
Posts: 31,745
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Yet again, we're in complete agreement, although you might have the nil and minimal back to front.
The only thing that surprises me is that people are either surprised or think it will make a blind bit of difference. I'd be prepared to bet Prince Andrew will travel to America to face a trial over his underage sex exploits before there are any consequences of the Pandora Papers. |
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The point of equilibrium has passed; satire and current events are now indistinguishable. |
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#7 |
Illuminator
Join Date: Dec 2007
Posts: 4,722
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Quite. Most of it is legal on paper, though you're bound to get some questions asked here and there. The Blair couple avoiding a six-figure stamp duty when they bought a house might be legal, but doesn't look good if you're trying for good PR.
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#8 |
Disorder of Kilopi
Join Date: Dec 2009
Location: State of Flux
Posts: 16,692
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I happen to personally know two people with >$100 million in assets who are running scared, having been already hit hard by the tax penalities stemming from the 2012 (and ongoing) HSBC scandals. One has already lost over 60% of his assets to penalities and back taxes, the other is in court and she is about to go down. Because not every wealthy person is famous or newsworthy, you do not always hear about consequences, but this information is a treasure trove for tax collectors.
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His real name is Count Douchenozzle von Stenchfahrter und Lichtendicks. - shemp |
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#9 |
Disorder of Kilopi
Join Date: Dec 2009
Location: State of Flux
Posts: 16,692
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Who benefits from crime fighting? The rule of law, for one. More broadly, however, your skepticism is fairly well-placed, as major political parties in the West depend on these same people.
Be it all as it may, you cannot successfully manage aggregate demand without deficit-driven boom-bust cycles, as is the case since Reagan, or without tackling the underlying problem of underconsumption by the very wealthy, regardless of any sort of moralizing. |
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His real name is Count Douchenozzle von Stenchfahrter und Lichtendicks. - shemp |
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#10 |
Disorder of Kilopi
Join Date: Dec 2009
Location: State of Flux
Posts: 16,692
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What surprises me is how swiftly meek acquiescence is declared, and belief persists in the lack of real consequence. In this case, assume you are correct and it "makes no difference" in policy or practice. It will nevertheless make, and is making, a profound difference today. I realize this is hard, but should you care to do so, you might provide insights into the deficit-driven boom and bust cycles since 1980, just for starters, and provide your solution.
So far, not a soul has been able to put up any meaningful dukes. ![]() |
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His real name is Count Douchenozzle von Stenchfahrter und Lichtendicks. - shemp |
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#11 |
NWO Litter Technician
Join Date: May 2004
Location: Looks like Finland. Smells like Finland. Quacks like Finland. Where the hell am I?
Posts: 14,949
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Well, boo hoo. Maybe he should have declared that Riviera mansion before campaign start.
As for legal consequences, I assume they will be minimal because the majority of the unearthed cases involving Western politicials don't actually involve anything illegal, and in a not insignificant portion the connection to Panama will be the main dubious factor. When it comes to e.g. Russian politicians or oligarchs, fraud sanctioned by Putin is de facto legal (but to balance things out, fraud not sanctioned by Putin will be penalized even when fictional). |
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When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord, in his wisdom, doesn't work that way. I just stole one and asked Him to forgive me. - Emo Philips
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#12 |
Penultimate Amazing
Join Date: Jul 2006
Posts: 22,396
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Today's long article in the Toronto Star points out that some of the activities violate the laws of the British Virgin Islands (strengthened after the Panama Papers came out) with respect to disclosure of the true ownership of accounts held there. There may some consequences, no mater how minor, if the BVI wants to pretend to uphold the rule of law.
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"Reality is what's left when you cease to believe." Philip K. Dick |
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#13 |
Master Poster
Join Date: Nov 2005
Location: Hyderabad, India
Posts: 2,677
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Some of Modi's biggest corporate cronies are on the list.
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I've got to get to a library...fast Robert Langdon ![]() |
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#14 |
The Grammar Tyrant
Join Date: Jul 2006
Posts: 31,745
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Little surprise there.
It does give him something in common with Imran, though. Maybe they could get together over a cup of tea? |
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The point of equilibrium has passed; satire and current events are now indistinguishable. |
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#15 |
Penultimate Amazing
Join Date: Nov 2003
Location: Port Townsend, Washington
Posts: 33,943
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Meanwhile, Fox News is shocked, shocked I tell you!, that Tammy Duckworth doesn't pay property taxes on her home. Without mentioning that it's because she's a disabled veteran and that's the law.
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Cum catapultae proscribeantur tum soli proscripti catapultas habeant. |
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#16 |
Ewige Blumenkraft
Join Date: Jun 2006
Location: Ivory Tower
Posts: 20,003
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U.S. Government Provides Another Trove Of Offshore Papers Of People It Dislikes
Originally Posted by b
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"They threw the babies out of the incubators!" - Vladimir Z |
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#17 |
Maledictorian
Join Date: Aug 2016
Posts: 17,691
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the odd things is that authoritarians would be very disappointed if their leaders didn't grift at every opportunity.
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"Metaphysics is a restaurant where they give you a thirty thousand page menu, and no food." - Robert M. Pirsig |
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#18 |
BOFH
Moderator
Join Date: Jun 2003
Location: People's Republic of South Yorkshire
Posts: 14,470
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Originally Posted by LizSly
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"Your deepest pools, like your deepest politicians and philosophers, often turn out more shallow than expected." Walter Scott. |
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#19 |
Philosopher
Join Date: Aug 2008
Posts: 8,704
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Why would the Torys order an investigation into dodgy offshore accounts when they can just get together and compare monthly statements?
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"I know my brain cannot tell me what to think." - Scorpion "Nebulous means Nebulous" - Adam Hills |
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#20 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 3,701
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So current Czech PM Andrej Babis lost the election. I mean he's very near second, but he can't form majority. He didn't lose much compared to polls though, it's more like his potential partners lost, so Panama Papers didn't seem to play big role.
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#21 |
Master Poster
Join Date: Nov 2005
Location: Hyderabad, India
Posts: 2,677
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Well, in India the government is more focused on whether or not the son of an Indian bollywood superstar (who also happens to be muslim), may or may not have taken cochise at a party on a cruise in international waters.
No announcement has been made about investigations of the people on the list, many of whom are big supporters of Modi. The media too, most of which are run by Modi's cronies, have been silent. |
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I've got to get to a library...fast Robert Langdon ![]() |
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#22 |
Disorder of Kilopi
Join Date: Dec 2009
Location: State of Flux
Posts: 16,692
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Systemic money laundering is a deep betrayal. Don't take my word for it.
Then again, maybe we do live in an atomized world, where nothing affects anything, no cause and effect is in play, no systems are operative, a world in which we might sit and gaze at stacks of gold on the hilltop, surrounded by fat men and whores, and while away the hours in bliss, if not orgasm, dreaming of gods who bestow favors, and rushing to bayonet any shrill voice. |
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His real name is Count Douchenozzle von Stenchfahrter und Lichtendicks. - shemp |
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#23 |
Penultimate Amazing
Join Date: Apr 2018
Location: Massachusetts, USA
Posts: 15,141
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Probably follow the same trajectory as the Panama papers. Nothing will happen, except that a journalist that dared expose the elite will get murdered.
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Gobble gobble |
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#24 |
Philosopher
Join Date: Apr 2011
Location: United States
Posts: 5,771
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#25 |
Muse
Join Date: Mar 2010
Posts: 783
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#26 |
Illuminator
Join Date: Jan 2007
Posts: 3,686
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'A knave; a rascal; an eater of broken meats; a base, proud, shallow, beggardly, three-suited, hundred-pound, filthy, worsted-stocking knave; a lily-livered, action-taking knave, a whoreson, glass-gazing, superservicable, finical rogue;... the son and heir of a mongral bitch: one whom I will beat into clamorous whining, if thou deniest the least syllable of thy addition."' -The Bard |
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#27 |
Penultimate Amazing
Join Date: Aug 2007
Location: The Antimemetics Division
Posts: 58,550
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There is no Antimemetics Division. |
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#28 |
Illuminator
Join Date: Jan 2007
Posts: 3,686
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'A knave; a rascal; an eater of broken meats; a base, proud, shallow, beggardly, three-suited, hundred-pound, filthy, worsted-stocking knave; a lily-livered, action-taking knave, a whoreson, glass-gazing, superservicable, finical rogue;... the son and heir of a mongral bitch: one whom I will beat into clamorous whining, if thou deniest the least syllable of thy addition."' -The Bard |
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#29 |
Maledictorian
Join Date: Aug 2016
Posts: 17,691
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China followed by Turkey, followed by Egypt when it comes to jailing journalists.
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"Metaphysics is a restaurant where they give you a thirty thousand page menu, and no food." - Robert M. Pirsig |
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#30 |
Master Poster
Join Date: Nov 2005
Location: Hyderabad, India
Posts: 2,677
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I've got to get to a library...fast Robert Langdon ![]() |
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#31 |
Penultimate Amazing
Join Date: Apr 2015
Posts: 28,928
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I am glad this is all coming out in the open. I worked in a firm investigating laundered money by organised criminals. The trail took us the Turks and Caicos and Curaco. Getting the funds back to the UK taxpayers - from who it had been stolen by organised tax fraud - was another nightmare as everything was top secret. In the end the courts in these countries were persuaded to freeze the assets and repay the laundered money, which was literally hundreds of millions of pounds. And do you know what? These are the same off-shore banks the world's tax-evading billionaires use. In effect, they are providing shelter for money launderers as well, most of whom have never been apprehended, probably. Why isn't this made transparent? Because the Blairs and the friends of Putin would also have to be transparent.
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The parting on the Left Is now parting on the Right ~ Pete Townshend |
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