The One Page #Panamapapers (With No Vaseline)

How You Are “Getting £u<ked” 
By Your Banks & Government – 
With No Vaseline
Below is a lightening round up of articles and videos on the Panama Papers – I have been reading non-stop for the last couple of days so I hope I can save you time!

A reminder that HMRC actually rents its offices from a company registered in a tax haven
David Cameron’s father Ian, six Conservative peers, three former MPs and several Tory donors are also linked to tax haven networks, the investigation alleges.
Despite the prevalence of offshore bank accounts and shell companies owned by UK based people and organisations, Her Majesty’s Revenue and Customs Office (HMRC) has only prosecuted 11 offshore tax evaders in the last five years.

 

What’s A Rigged Economy?
Income inequality is rising and working Americans feel like they aren’t getting ahead. Welcome to the rigged economy. Here’s how it works. Subscribe for more videos:…
How British taxpayers are paying for the super-rich…
The taxpayer bailouts of the banks have had dire consequences for the country. But while we’ve been enduring austerity, the super-rich have been squirreling their money away in tax havens. Now it turns out that one of the top banks helping them to do that, Coutts, is indirectly owned by the very taxpayers it is ripping off.
You might think this is all par for the course for a private bank serving the country’s elite. But the Coutts division in question is a subsidiary of the Royal Bank of Scotland – and RBS is 73% owned by British taxpayers after we bailed it out.
So, while taxpayers bear the brunt of the bank bailouts and austerity, a bank that benefited from that bailout has been busy helping Britain’s super-rich to avoid paying taxes.

Should I Give a Shit About the Panama Papers? YES!
Here’s Why You Should Give a Shit About the Panama Papers
The Panama Papers -11.5 million leaked documents that detail the inner workings of Mossack Fonseca, a law firm accused of helping drug lords, sports stars, Ponzi schemers, kings,…
Revealed: the tycoons and world leaders who built secret UK property empires
The president of the United Arab Emirates has secretly built one of the single biggest offshore property empires in Britain, the Panama Papers reveal.
Sheikh Khalifa bin Zayed Al Nahyan owns dozens of central London properties worth more than £1.2bn through offshore companies supplied by Mossack Fonseca.
His property portfolio runs from the BHS building on Oxford Street to the designer outlets of Bruton Street and Mayfair’s Berkeley Square estate, where his tenants include Hermès, Stella McCartney and Annabel’s nightclub.

#Refugees – Coming Over Here Taking Our……

 

The Panama Papers: The Victims of Offshore 
(Click to watch video) 
The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.
 
Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.
Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story.
For more, go to panamapapers.icij.org

Football and Capitalism 

 

UEFA Offices Raided Over Panama Papers Scandal
Swiss police have raided UEFA’s offices after its former secretary general and now FIFA president Gianni Infantino became embroiled in the Panama Papers scandal.
Documents leaked from Panamanian law firm Mossack Fonseca reportedly show he signed a contract on behalf of UEFA to sell TV rights for the Champions League and other club competitions.

 

Panama Papers Lead to Capitalism’s Great Crisis
It’s just the tip of a much bigger iceberg. “The size of the leak is unprecedented, but the tricks Mossack Fonseca has allegedly used for its clients are neither new nor surprising. Anonymous shell companies and the failure of governments to require lawyers, corporate service companies, or banks to collect beneficial ownership information on clients leave the door wide open for dirty money to flow around the globe virtually unhindered,” says Heather Lowe, the Director of Government Affairs for Global Financial Integrity, a Washington DC-based consultancy.
As it Happens……. 

 

Panama Papers Live Update Thread
Papers show Mossack Fonseca working with US Sanctioned Company Petropars
Law firm Mossack Fonseca, which has been at the center of the Panama Papers leak, acted for an Iranian oil company that had been blacklisted by the U.S., the Guardian reported, citing the leaked documents. The company reportedly realized that the Iranian oil firm Petropars Ltd. was a blacklisted company only in 2010 when another client accidentally fell foul of the U.S. sanctions imposed against the energy firm.

 

Panama Papers: where the money is hiding
Companies in Mossack Fonseca database “connected” to a particular country by address. The data also shows clients, beneficiaries, and shareholders by country. Source: ICIJ. Map created by…

Quick Facts About Panama Papers 

 

The 9 most unbelievable Panama Papers details
Millions of confidential documents belonging to a secretive law firm servicing the world’s wealthy were leaked on Sunday, exposing how the one per cent hide their money through offshore…

 

Here’s What We Know About the ‘Panama Papers’
Among those named were President Mauricio Macri of Argentina; President Petro O. Poroshenko of Ukraine; Prime Minister Sigmundur David Gunnlaugsson of Iceland; Prime Minister Nawaz Sharif…

 

Panama Papers: Why should we care?
Panama has always been one of the best tax havens in the world – both during and after the reign of  General Manuel Noriega – and Mossack Fonseca (run by a Swiss tax expert named Jurgen Mossack and his Panamanian partner, Ramon Fonseca) is one of the dominant players in the parallel world of tax havens.
In this sense, the unprecedented leak of nearly 40 years’ worth of documents (more than 11 million documents on more than 210,000 companies, trusts, foundations, and world leaders), revealing that Mossack Fonseca offered its services to facilitate money laundering, tax avoidance, and criminal activity should surprise no one.
Offshore entities of this kind have been created precisely for fulfilling such roles for the rich and powerful that rule the world.

 

Kubrick to Cowell: offshore dealings of the stars
There is nothing illegal about moving money offshore. To begin with, during the 1970s it was a way of moving cash around at a time of widespread currency controls across Europe.
Buying and selling dollars, for instance, was much easier for banks if the trades were done offshore. If you lived in a country where a corrupt or predatory government might seize your assets, then moving your wealth offshore to protect it also made sense.
But the offshore industry has evolved substantially since then. And the secrecy surrounding it has become increasingly unpalatable for world leaders, who have been calling for more transparency. David Cameron and Barack Obama chief among them.

 

Taxation: Crime:Written question – 20496
16th Dec 2015: Caroline Lucas asked:
HM Treasury
To ask Mr Chancellor of the Exchequer, how many people were (a) prosecuted and (b) convicted for (i) off-shore tax evasion, (ii) in-shore tax evasion, (iii) tax credit fraud, (iv) VAT fraud, (v) smuggling and (vi) other tax-related offences in each financial year since 2010-11.
 15 Jan 2016 Mr David Gauke Answered:
The information is not held in the format requested. HM Revenue and Customs’ centrally held data records the primary reason for the court case. The central data does not separately identify smuggling cases or use the term ‘in-shore evasion’ when recording the number of prosecutions or convictions.

UK Conservative Party Champions
 The #SharingEconomy! (Well Sort of)
It has been 1,456 days since David Cameron agreed to publish his tax returns…
On April 11th, 2012, David Cameron agreed to publish his tax returns. Unfortunately, he didn’t say when he’d do it. At the time, some 1,456 days ago at the time of writing, The Prime…

 

George Osborne’s family business ‘has not paid corporation tax for seven years’

George Osborne has received a dividend pay-out worth £1,230 from his family’s wallpaper business, despite the company not paying any corporation tax for the last seven years, according to…

Bernie Sanders Did Mention About This 2011…..
(Click below to Watch The Videos)
Bernie Sanders Sort of Saw This Whole Panama Papers Thing Coming
With the Panama Papers’ revelations of transnational financial skulduggery now burning up the Internet, Bernie Sanders’ many fans have started passing around this video of a fairly…
Bernie Sanders ardently opposed the trade deal that helped make the…
The Panama Papers scandal exploded this week, with revelations that many of the world’s most powerful politicians are implicated in widespread, systemic corruption. Sigmundur Davíð…

You can help do something about this right now

 

Email your MP right here, right now to help end the era of tax havens
Take on the tax havens at the Anti Corruption Summit
The Panama Papers are the biggest ever data leaks in history – and this time they’re unmasking the secrets of the unfair tax system, revealing a multi-billion dollar trail to the secret tax havens where the rich and famous stash their fortunes.
If the Prime Minister is serious about tackling corruption, he needs to make tax dodging a top priority when world leaders meet at the international Anti-Corruption Summit in London.  

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