Slashdot Mirror
Massive Data Leak Reveals How the Ultra Rich Hide Their Wealth
bshell writes "According to the CBC, there was a massive leak of 'files containing information on over 120,000 offshore entities — including shell corporations and legal structures known as trusts — involving people in over 170 countries. The leak amounts to 260 gigabytes of data, or 162 times larger than the U.S. State Department cables published by WikiLeaks in 2010...In many cases, the leaked documents expose insider details of how agents would incorporate companies in Caribbean and South Pacific micro-states on behalf of wealthy clients, then assign front people called "nominees" to serve, on paper, as directors and shareholders for the corporations — disguising the companies' true owners.' Makes a good read and there are some good interactive components. Perhaps Slashdot readers can figure out how the source of the leak, the D.C.-based International Consortium of Investigative Journalists got their hands on this data."
I wouldn't trust or believe any "news" that comes from there.
Unionized workers that hold no accountability for false information.
As somebody whose relationship with goverment is a net loss, I applaud tax evasion. If your relationship with government is a net gain, then naturally, you will condemn tax evasion. As for me, every tax dollar denied to government is a net gain.
For reference, I am a US citizen and make under $40,000 a year, so I don't have much reason to engage in tax evasion myself.
Intelligent people go to great lengths to avoid having to pay more tax than they are legally obliged to. But if you're poor you don't pay much tax at all, so what the hell are you complaining about? You're using the same roads, bridges, schools and hospitals. All for a few hundred bucks a year.
Seven puppies were harmed during the making of this post.
These are the kinds of people the Occupy crowd always railed on as the "top 1%". They may be /in/ the top 1%, but they're nowhere representative of it. These people are, quite literally, less than the top 1% /of/ the top 1%.
Of course, the Occupy folks don't care about this, as their true, stated aim was simply opposing capitalism, "consumerism", and pitting Americans against Americans in some kind of imagined class warfare, when the vast majority of the "top 1% are the employers and business owners who are part of the solution, not the imagined fat cats on yachts in top hats sipping champagne and lighting cigars with 100s.