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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.
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! --
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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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.
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.