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There Will Be A Huge New 'Panama Papers' Data Dump (businessinsider.com)
An anonymous reader writes: The International Consortium of Investigative Journalists said in an email that on May 9 it would "publish what will likely be the largest-ever release of information about secret offshore companies and the people behind them," based on data from the Panama Papers investigation. "The searchable database will include information about more than 200,000 companies, trusts, foundations, and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States." The ICIJ said in the email, "The impact of Panama Papers has been epic." The investigation has caused Icelandic Prime Minister Sigmundur David Gunnlaugsson to resign following revelations about his personal finances. It has caused Putin to point fingers at the West, accusing the U.S. of trying to weaken Russia. It has even created drama in the UK with calls for Prime Minister David Cameron to resign after his connections to offshore companies became evident. In addition, the ICIJ said, "[The Panama Papers investigation] sparked a new sense of urgency among lawmakers and regulators to close loopholes and make information about the owners of shell companies public."
largest-ever release of information about secret offshore companies and the people behind them
Actually there is so much data that this is possibly the largest release of a coherent text collection of any kind, secret or not.
Ha, I'll believe it when I see it. If they're wealthy enough to take full advantage of these tax havens then they're wealthy enough to escape repercussion.
Surprise, surprise, surprise!
John Kerry is dirty
Cool, it can't happen soon enough. The trilateral Commission needs their dirty laundry aired so us regular people have a chance in life.
C|N>K
The sad truth is those "punished" for tax avoidance so far in the UK (the PM), Canada (a number of families using UK offshore tax havens), and Africa have mostly ...
Not ... Gone to jail.
Or suffered any real penalty other than paying, without excess interest owing, the taxes they avoided.
What we need here, other than a few quick drone strikes until they all pay up, are RICO triple damage confiscations, including trust funds for kids and houses and yachts, and JAIL TIME.
Which has not happened so far.
-- Tigger warning: This post may contain tiggers! --
Rich people use tax shelters. Yawn.
One disappointing thing about the last leak is that it basically had no US connections. A leak that included US clients could probably bring down Clinton, Trump, and half of Congress.
This is my signature. There are many like it, but this one is mine.
Not much gets into main stream media without puppeteers pulling strings: And when I hear the Soros foundation is partially bankrolling this, you gotta ask why.
Quote from infowars.
The Panama Papers expose offshore tax havens in Switzerland, the Bahamas, Grand Cayman, and Panama, but says nothing about a new arrangement legalized under FATCA, the Foreign Account Tax Compliance Act.
The law “makes the parking of dirty US money abroad practically impossible. So where does that money go instead—it stays in the US,” writes Zero Hedge. “And, to top it off, there is one specific firm which is spearheading the conversion of the U.S. into Panama: Rothschild.”
The international bankster institution opened a trust company in Reno, Nevada. “It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt,” Bloomberg reports. The United States “is effectively the biggest tax haven in the world,” boasted Andrew Penny of Rothschild. One of the world’s largest providers of offshore accounts, Trident Trust, opened an office in Sioux Falls, South Dakota.
http://www.infowars.com/soros-...
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Now we need stronger laws to prosecute and jail these criminals. Or they will just walk away, making the entire process futile.
I predict that future tax havens won't store client information online.
The "true, beneficial ownership" information will all be stored on a non-connected computer network or maybe even in paper ledgers.
Good luck getting at that without walking in and physically stealing it (or bribing/coercing a bank employee to make you a copy).
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
You might want to try and find someone a little more credible than Alex Jones (9/11 truther, gold bug, serial martial law predictor, etc) if you want me to take a theory at all seriously.
The reason the Panama Papers are failing to make the impact they should is because nobody trusts the media anymore.
We are expected to believe that the same class which protects the interests of the wealthy and which prosletyes their neoliberal ideology has somehow enough concern for us lower castes, or for abstract concepts like "justice" or "fairness", that they will report on this impartially. Excuse me, but even if this massive group of PR-powdered international journalism extraordinaies is in fact legitimate and not just the twitter stunt they appear to be, even if they are legit, why should I believe the media this time around?
Journalists have cried wolf, stayed silent, and betrayed the public trust too many times to be taken seriously now. The media has morphed from a fourth estate, into the new first estate. So when I see a campaign like this, I see only the new international priesthood, condemning some sin. I await their indulgences to be paid.
An air-gapped computer still has to have trusted people accessing it, hence each person represents a potential point of failure. The more updating these air-gapped computer records require the more frequent the on-site people use the air-gapped computers and the more opportunity any of them can copy data to a portable storage device. Leaks happen because people in-the-know who have a conscience choose to publish the confidential records. This predates the use of computers.
Digital Citizen
US companies don't use Panama as an anonymous tax shelter. They use Belize.
The dump was from a Panamanian law firm that set up shell companies. Europeans like Panama. US companies like Belize. And, sometimes, Barbados.
My Other Computer Is A Data General Nova III.
Nobody said the Kochs were stupid. Just venal, selfish, and corrupt.
True, it is very hard to prevent a leak if your people lose faith in you.
But air-gapping makes an un-assisted attack by a hostile outside party much, much harder. The outside party is reduce to only a couple of options: Dupe/social-engineer the people into doing their bidding (think stuxnet and the poisoned USB drives), or gaining physical access. That leaves a much lower attack surface than an internet-connected system.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
Sorry, but what does our trust in the media have to do with anything? The government does not give a single fuck what the people thing or believe. Not a single fuck.
The people are not the ones prosecuting people.
The only outcome is what you always get. Your Clintons and what not say, OH NO!! We are gonna solve this together and those who responsible parties shall be looked at very closely, blah blah blah.
In the then nothing at all will happen. How could it? The ones who make he laws are the ones breaking the laws and fucking over the general population time and time again.
Do you think they are going to go after themselves? Of course they wont. Then entire system is rigged.
The media are generally allowed to report anything "in the public interest" no matter the source.
Technically every celebrity photo is stolen, or taken without permission, or whatever. But because the press are able to hide behind it being "in the public interest", where you and I could be sued to oblivion if we touched it, they get free reign.
Hey, there's a quote in there from someone named Zero Hedge. If that isn't credible, I don't know what is.
It must be the Illuminati's doing! Or was it the Freemasons? Knights Templar? Aliens? The Devil himself?
I don't think you thought this through.
Oh, wait.. http://www.npr.org/podcasts/45...