The Panama Papers - "The biggest leak in the history of data journalism"

[ArcadiaGP]

Panama Papers: British Banker Funded North Korean Arms

 

[HoughMade]

Panama Papers: British Banker Funded North Korean Arms

If that's true, now we have a problem.

 

[BugI02]

We could have all that with a much simpler tax system. Like any other bureaucratic authority, our government has come to only exist to support itself and expand powers. We can cut the federal government by 80% and still maintain the infrastructure and services you cite.



Sound like you could support the flat tax. 10 or 15% for everyone including corporations. Eliminate all deductions. Reduce the IRS to and administrative filing agency with 1/10 the employees and no lawyers nor enforcement authority (transfer enforcement to FBI).

The people with the power to close loopholes - are they for sale? What is to prevent them from opening new loopholes for their owners? Then when actual revenues fail to meet projections, what? Raise the percentages perhaps? BTDT

 

[BugI02]

Relatives of Chinese top leaders are identified as owning offshore companies in Panama Papers

Meh. Just shows they've finally embraced Capitalism completely

 

[ArcadiaGP]

Panama Papers reveal London as center of 'spider's web'

 

[Streck-Fu]

Awww, i think you're acute.

Very rarely I am Right.

 

[ArcadiaGP]

http://sports.yahoo.com/news/swiss-...arters-panama-papers-case-152226787--sow.html

Swiss authorities raided the headquarters of European football, Iceland named a new prime minister and the world's largest drugs company merger fell apart, as the fallout from the Panama Papers scandal gathered pace.

 

[atvdave]

Looks like some Americans have made the list, although most already have a checkered past.


American executives' names surface in Panama Papers

 

[Birds Away]

When I saw Panama papers I thought of something else completely.

 

[Streck-Fu]

When I saw Panama papers I thought of something else completely.

This?

https://www.youtube.com/watch?v=w-NshzYK9y0

 

[ArcadiaGP]

CEO of Austrian bank resigns because of Panama Papers coverage

Panama Papers: Putin rejects corruption allegations - BBC News

Banks must declare links to Panama Papers law firm by next week | News | The Guardian

 

[ArcadiaGP]

David Cameron admits he did have a stake in father's offshore investment fund after Panama Papers leak | UK Politics | News | The Independent

 

[The Meach]

https://youtu.be/tJVKzvCEcio

 

[Hohn]

"Data journalism"?

Is that what we're calling hacking now?

 

[Hohn]

With governments doing everything possible to squeeze every penny from citizens, I am ok with anyone that can, hide their earned money.

The problem is that you and I and most Americans can't hire vast armies of lawyers to help us get out of paying taxes.

Of course, if the tax code wasn't so absurd, it would never be worth the hassle of setting up all these tax havens.

Here's an idea: how about having a tax rate so low, and a code so simple that nobody wants to bother with trying to avoid it?

Isn't it a desirable thing to attract more capital rather than less?

 

[AmmoManAaron]

The problem is that you and I and most Americans can't hire vast armies of lawyers to help us get out of paying taxes.

Of course, if the tax code wasn't so absurd, it would never be worth the hassle of setting up all these tax havens.

Here's an idea: how about having a tax rate so low, and a code so simple that nobody wants to bother with trying to avoid it?

Isn't it a desirable thing to attract more capital rather than less?

Uhh, isn't that basically what he said at the end of his next post? He was replying to somebody else, but I'll quote below for ease of reading:

We could have all that with a much simpler tax system. Like any other bureaucratic authority, our government has come to only exist to support itself and expand powers. We can cut the federal government by 80% and still maintain the infrastructure and services you cite.

Sound like you could support the flat tax. 10 or 15% for everyone including corporations. Eliminate all deductions. Reduce the IRS to and administrative filing agency with 1/10 the employees and no lawyers nor enforcement authority (transfer enforcement to FBI).

 

[ArcadiaGP]

Authorities raid law firm in Panama Papers scandal

 

[ArcadiaGP]

Panama Papers lead Spanish minister to resign | News | DW.COM | 15.04.2016

 

[Jludo]

The problem is that you and I and most Americans can't hire vast armies of lawyers to help us get out of paying taxes.

Of course, if the tax code wasn't so absurd, it would never be worth the hassle of setting up all these tax havens.

Here's an idea: how about having a tax rate so low, and a code so simple that nobody wants to bother with trying to avoid it?

Isn't it a desirable thing to attract more capital rather than less?

NPR planet money did a good episode on the tax code, a combination of momentum and intuit lobbyist s prevent it from changing.

 

[BugI02]

I'm not so sure. The highest number I've seen bandied for flat tax was 17%. Seems like there would still be trillion$ of reasons to fund 'creative accountancy' - at least in the top quintile

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