Biggest leak in history the Panama papers

Options
Neophyte Wolfgang
Neophyte Wolfgang Members Posts: 4,169 ✭✭✭✭✭
http://interactive.fusion.net/? -little-secrets/
IT’S A PARALLEL UNIVERSE FOR THE ULTRA-RICH AND ULTRA-POWERFUL. BUT A MASSIVE NEW LEAK HAS EXPOSED THEIR UNDERWORLD.

FUSION GOES INSIDE THE LAW FIRM THAT SELLS SECRECY TO DRUG DEALERS, DICTATORS AND ALLEGED SEX TRAFFICKERS.

http://panamapapers.sueddeutsche.de/en/

https://www.youtube.com/watch?v=F6XnH_OnpO0


https://panamapapers.icij.org/the_power_players/
«134

Comments

  • Neophyte Wolfgang
    Neophyte Wolfgang Members Posts: 4,169 ✭✭✭✭✭
    Options
    The ethics committee’s credibility depends largely on the personal integrity of its leaders. Cornel Borbely, the Swiss lawyer who chairs the investigatory chamber, already has several complex investigations under his belt. The German chairman of the committee’s adjudicatory chamber, Hans Joachim Eckert, spent many years working as a criminal judge at Munich’s district court. It would be reasonable to expect that all members of these two bodies have been hand picked to serve as a corrective for the tarnished world football association. However, several of the 14 members were appointed during Blatter’s reign. In fact, three of them have sat on the ethics committee since it was established on October 23, 2006, including Juan Pedro Damiani.

    The ethics committee has launched a preliminary investigation of Juan Pedro Damiani



    Damiani is an influential attorney from Uruguay and one of the country’s wealthiest men. He is also president of Peñarol Montevideo, the country’s most popular football team. In Eckert’s chamber, he sits in judgments over potentially corrupt FIFA members. Now, as a result of the Panama Papers revelations, Damiani has a problem of his own: the ethics committee has launched a preliminary investigation of its own member.

    Managing shell companies appears to be one of Damiani’s areas of expertise. The Panama Papers show that his law firm J.P. Damiani is among the bigger clients of Mossack Fonseca (Mossfon), a provider of offshore companies. Until now, Damiani’s firm has managed more than 400 such companies, many of which have been involved in scandals. The leaked documents reveal that Damiani, the FIFA ethics expert, also managed companies through which FIFA members may have received bribes.

    http://panamapapers.sueddeutsche.de/articles/56fec130a1bb8d3c3495ae00/
  • The_Jackal
    The_Jackal Members Posts: 3,628 ✭✭✭✭✭
    Options
    USA saved FIFA. That is all
  • yahwehprofet
    yahwehprofet Members Posts: 976 ✭✭✭✭
    Options
    Awesome thread, but can't help but to think; the timing and the motives for these "whistle blowing and truth exposed " pieces". Controlled opposition in other words ; like they subliminally bragging by ALLOWING certain truths to come out....
    It's cool and all but damn,,,.. At the end All stays the same and little hope for actual reforms remains.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    The rich shouldn't have to hide their money.
  • texas409
    texas409 Members Posts: 20,854 ✭✭✭✭✭
    Options
    so basically Europeans have been letting America think its a world power but has been plotting with other governments to take the whole world down? And with these revelations will any legal and swift actions against these evil powers be taken, if not this will prove how corrupt the system really is now that the truth is out there and still nobody gives a ?
  • texas409
    texas409 Members Posts: 20,854 ✭✭✭✭✭
    Options
    zzombie wrote: »
    The rich shouldn't have to hide their money.

    taxes bruh..... rich folks cant stand letting go of something they didnt have to work for
  • Arya Tsaddiq
    Arya Tsaddiq Members Posts: 15,334 ✭✭✭✭✭
    Options
    I'm curious to see what kind of waves this causes.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    edited April 2016
    Options
    texas409 wrote: »
    zzombie wrote: »
    The rich shouldn't have to hide their money.

    taxes bruh..... rich folks cant stand letting go of something they didnt have to work for

    Taxes shouldn't be so unreasonable to the rich if tax law didn't take advantage of the rich they wouldn't be hiding money.
  • the dukester
    the dukester Members Posts: 1,822 ✭✭✭✭✭
    Options
    Kinda ? that makes you lose all hope in humanity. Perhaps its because we have devils in human costumes running this world off a cliff.

    Putin is a KGB gangster who should have been frog-marched into the Hague a long time ago (along with George Bush). And these hypocrites call African leaders on their corruption? Shiiit, ? , meet kettle.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    I can bet you that a large percentage of the people hiding money comes from Europeans because European nations tax there companies and individuals too much.
  • The Lonious Monk
    The Lonious Monk Members Posts: 26,258 ✭✭✭✭✭
    Options
    zzombie wrote: »
    texas409 wrote: »
    zzombie wrote: »
    The rich shouldn't have to hide their money.

    taxes bruh..... rich folks cant stand letting go of something they didnt have to work for

    Taxes shouldn't be so unreasonable to the rich if tax law didn't take advantage of the rich they wouldn't be hiding money.

    They aren't unreasonable to the rich. Those super rich people hiding money, could pay their taxes and still live like kings and queens with respect to the rest of the country. A person with a billion dollars to their name is hurt far less by having to give up 400M than a person with 10,000 is by having to give up 1,000.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    zzombie wrote: »
    texas409 wrote: »
    zzombie wrote: »
    The rich shouldn't have to hide their money.

    taxes bruh..... rich folks cant stand letting go of something they didnt have to work for

    Taxes shouldn't be so unreasonable to the rich if tax law didn't take advantage of the rich they wouldn't be hiding money.

    They aren't unreasonable to the rich. Those super rich people hiding money, could pay their taxes and still live like kings and queens with respect to the rest of the country. A person with a billion dollars to their name is hurt far less by having to give up 400M than a person with 10,000 is by having to give up 1,000.

    Yes but it's the principal behind it if I make one billion why should I give the government half or even a quarter??? Especially when governments are not good at making good use of public funds. I don't think people understand exactly how much governments waste
  • The Lonious Monk
    The Lonious Monk Members Posts: 26,258 ✭✭✭✭✭
    Options
    Yeah, but "Should the rich have to give more" and "Does the government do a good job with what it's given" are two different questions. The government might suck, and that's something that has to be addressed, but that doesn't mean it's ok for the rich people to try and avoid contributing their fair share.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    Yeah, but "Should the rich have to give more" and "Does the government do a good job with what it's given" are two different questions. The government might suck, and that's something that has to be addressed, but that doesn't mean it's ok for the rich people to try and avoid contributing their fair share.

    People have different definitions of what is "fair". Some of the rich basically see governments as burning their money and the others are hiding their money out of fear.
  • The Lonious Monk
    The Lonious Monk Members Posts: 26,258 ✭✭✭✭✭
    Options
    I don't think either of those facts is true. People with money are the ones that have the biggest leverage with the government. If they were really afraid or didn't like what the government was doing, they could pool their resources to change the government rather than just hiding the money. It's greed plain and simple. Those people like being billionaires. They don't want to be hundred millionaires even though functionally their position is still the same.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    I don't think either of those facts is true. People with money are the ones that have the biggest leverage with the government. If they were really afraid or didn't like what the government was doing, they could pool their resources to change the government rather than just hiding the money. It's greed plain and simple. Those people like being billionaires. They don't want to be hundred millionaires even though functionally their position is still the same.

    Not in all countries. The rich have influence but not enough to not pay the ridiculous taxes that some governments require.
  • The Lonious Monk
    The Lonious Monk Members Posts: 26,258 ✭✭✭✭✭
    Options
    zzombie wrote: »
    I don't think either of those facts is true. People with money are the ones that have the biggest leverage with the government. If they were really afraid or didn't like what the government was doing, they could pool their resources to change the government rather than just hiding the money. It's greed plain and simple. Those people like being billionaires. They don't want to be hundred millionaires even though functionally their position is still the same.

    Not in all countries. The rich have influence but not enough to not pay the ridiculous taxes that some governments require.

    I'm just talking about the U.S. It's not even about influence either. It's just a matter of using the loopholes that the government refuses to close. It's so funny. Because every time the subject of heightened tax rates pop up for rich people pops up, you have a bunch of poor and middle class people arguing against that. Most of the really rich people are quiet on the subject because they know they don't have to pay the full rate anyway.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    edited April 2016
    Options
    zzombie wrote: »
    I don't think either of those facts is true. People with money are the ones that have the biggest leverage with the government. If they were really afraid or didn't like what the government was doing, they could pool their resources to change the government rather than just hiding the money. It's greed plain and simple. Those people like being billionaires. They don't want to be hundred millionaires even though functionally their position is still the same.

    Not in all countries. The rich have influence but not enough to not pay the ridiculous taxes that some governments require.

    I'm just talking about the U.S. It's not even about influence either. It's just a matter of using the loopholes that the government refuses to close. It's so funny. Because every time the subject of heightened tax rates pop up for rich people pops up, you have a bunch of poor and middle class people arguing against that. Most of the really rich people are quiet on the subject because they know they don't have to pay the full rate anyway.

    It's not just that the government cannot close holes it's that the government is so incompetent that they don't notice these holes in the first place and on top of that some of the "holes" are totally legal.
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    And this is a worldwide problem it cannot be limited to america if it happens anywhere eventually rich people everywhere will be doing it
  • zzombie
    zzombie Members Posts: 11,280 ✭✭✭✭✭
    Options
    Let me also say that all you need to make to be in the 1% is a little over 500,000 $ and that's not much
  • usmarin3
    usmarin3 Members Posts: 38,013 ✭✭✭✭✭
    Options
    The IRS and the US Government makes it quite easy to hide money. Most rich people hide their money in LLC's because they tax laws are easier on businesses.