German Newspaper reveals biggest leak in History: Panama Papers

[oxmox 73]

Panama Papers

The secrets of dirty money

 

Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world. These shell firms enable their owners to cover up their business dealings, no matter how shady.

 

Ultimately, SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with.

 

 

The data provides rare insights into a world that can only exist in the shadows.

It proves how a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of the world’s rich and famous: from politicians, Fifa officials, fraudsters and drug smugglers, to celebrities and professional athletes.

 

More than 200,000 companies, foundations and trusts are contained in the leak of information which came from a little-known but powerful law firm based in Panama called Mossack Fonseca.

 

In the past 12 months, around 400 journalists from more than 100 media organizations in over 80 countries have taken part in researching the documents. These have included teams from the Guardian and the BBC in England, Le Monde in France, and La Nación in Argentina.

 

More than 140 politicians in over 50 countries are amongst them aswell celebrities, FiFA, rich and criminals.

 

A visual overview and only a small part of the listed politicians - amongst them current leading politicians like:

President of Argentina, King of Saudi Arabia, President of Ukraine Poroshenko, President of the UAE,  Primeminister of Island

 

https://projects.icij.org/panama-papers/power-players/index.html#

 

 

 

 

Link to the SZ Report - english:

 

http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3c3495adf4/

 

 

Sz Report in german:

http://panamapapers.sueddeutsche.de/

[ProfTournesol 956]

It's going to be fun.

[Tonci87 163]

A lot of super rich criminal assholes who are potentially gonna end up in prison? That sounds aweseome :)

 

Keep in mind though that this data leak is only about one company, there are many more companies like this that manage offshore companies

[oxmox 73]

More names in another report about the Ukraine:

 

Julia Timoshenko, Mayor of Odessa Gennadij Truchanow, former Primeminister of Ukraine Pawlo Lasarenko

 

Just google translate it, its an interesting article just about Ukraine & Poroshenko and Panama Papers

http://www.sueddeutsche.de/politik/panama-papers-poroschenkos-feldpost-1.2933052

 

Reports mention aswell the circle around Putin.

 

 

 

*Kojo Annan,
Son of ex-U.N. Secretary General Kofi Annan

 

*Ian Cameron,

Father of the british Prime Minister David Cameron

 

 

 

 

 

The ICIJ findings include evidence that:

• Offshore companies linked to the family of China's top leader, Xi
  Jinping, as well as Ukrainian President Petro Poroshenko, who has
  positioned himself as a reformer in a country shaken by corruption
  scandals
• 29 billionaires featured in Forbes Magazine's list of the world's 500 richest people
• Icelandic Prime Minister Sigmundur David Gunnlaugsson and his wife secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during the country's financial crisis
• Associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies
• New details of offshore dealings by the late father of British Prime
  Minister David Cameron, a leader in the push for tax-haven reform
• Offshore companies controlled by the Prime Minister of Pakistan, the King of Saudi Arabia and the children of the President of Azerbaijan
• 33 people and companies blacklisted by the US Government because of evidence that they have done business with Mexican drug lords, terrorist organisations like Hezbollah or rogue nations like North Korea
• Customers including Ponzi schemers, drug kingpins, tax evaders and at least one jailed sex offender
• Movie star Jackie Chan, who had at least six companies managed through the law firm

http://www.abc.net.au/news/2016-04-04/unprecedented-leak-of-offshore-financial-records-exposes-secrets/7293524

[oxmox 73]

Keep in mind though that this data leak is only about one company, there are many more companies like this that manage offshore companies

 

 

Possible, so far its almost suspicious to see no US citizen listed.

It was said on TV also germans are listed but no german politicians.

 

---------------

 

PM of Island realizes journalists found his secret:

 

[miasdad 94]

 

Possible, so far its almost suspicious to see no US citizen listed.

It was said on TV also germans are listed but no german politicians.

 

 

 

 

I agree B)

[ProfTournesol 956]

 

Possible, so far its almost suspicious to see no US citizen listed.

 

 

The USA are extremely severe with their citizens trying to evade their tax, and they are taxing their citizens wherever they live (income tax is based on nationality, not on where you live, contrary to most of other countries). So you can't evade US tax by living abroad. I suppose Panama is under US political control, and doesn't want to play a dangerous game with their powerful neighbour.

[oxmox 73]

The USA are extremely severe with their citizens trying to evade their tax, and they are taxing their citizens wherever they live (income tax is based on nationality, not on where you live, contrary to most of other countries). So you can't evade US tax by living abroad. I suppose Panama is under US political control, and doesn't want to play a dangerous game with their powerful neighbour.

 

But this doesnt mean US citizen cant avoid US taxes and not using offshore tax havens.

The U.S. is the centre of the financial capital with Wall Street.

 

Remember the Swiss Bank leaks and the scandal about it ?

Swiss banks were fined for helping U.S. citizens evading taxes

 

And they look also for US citizen avoiding taxes in other countries like South America, for example Belize

 

 

 

 

 

 

There is an intersting blog article and critics about the current releases of the Panama Papers.

->But personally, I would say just wait a bit and maybe more informations are comming.

 

 

Corporate Media Gatekeepers Protect Western 1% From Panama Leaks

 

The Guardian reports this too and helpfully lists those countries as Zimbabwe, North Korea, Russia and Syria. The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers.

 

And the Guardian is quick to reassure that “much of the leaked material will remain private.â€

https://www.craigmurray.org.uk/archives/2016/04/corporate-media-gatekeepers-protect-western-1-from-panama-leak/

[Arkensor 96]

Even though I think some heads wil roll ... in about 3-4 weeks it will be over and just some famous people will not be famous anymore.

 

There is no interest for any country to follow this information and to sue so many people from the richest 1% of the world, as they would damage themselves. 

 

But still interesting how someone got all that data, and was able to leak that and not beeing killed by someone before that.

 

 

Regards Arkensor

[oxmox 73]

Even though I think some heads wil roll ... in about 3-4 weeks it will be over and just some famous people will not be famous anymore.

 

There is no interest for any country to follow this information and to sue so many people from the richest 1% of the world, as they would damage themselves. 

 

But still interesting how someone got all that data, and was able to leak that and not beeing killed by someone before that.

 

 

Regards Arkensor

 

Seems like it was a hacker.

 

 

 

-> Mossack Fonseca informed its Israeli branch last week that files had been stolen after its computer systems were breached.

    read more: http://www.haaretz.com/world-news/1.712497

[JdB 151]

But this doesnt mean US citizen cant avoid US taxes and not using offshore tax havens.

If I was a US citizen I wouldn't be hiding my money in a country that has been controlled from Washington for a long time. As long as you're not a public official or otherwise of interest to a foreign state actor (in other words corruptible) it would be much smarter to place your money in a country aligned to Russia or China.

[Beagle 684]

A lot of super rich criminal assholes who are potentially gonna end up in prison? That sounds aweseome :)

Only some minor scapegoats will see a judge at all. Those big Fish in the bowl are too big already to be catched. The super rich dont only keep their money offshore... a lot of them already live offshore...hence the incraesing market for luxury yachts.

[fn_Quiksilver 1633]

no unfiltered data no care

 

if the full data dump is uploaded somewhere I will take an interest.

[oxmox 73]

Iceland's leader resigns, first casualty of Panama Papers (Reuters, April 5)

The Panama Papers showed the premier's wife owned an offshore company with big claims on Icelandic banks,

infuriating many in his country who joined mass street protests calling for him to resign.

 

http://www.reuters.com/article/us-panama-tax-idUSKCN0X10C2

 

@ The Intercept writes allegedly around 20.000 people did protest on Monday, and at least 28.000 did sign a petition says Huffington Post, Iceland itself has only a population of around 325.000 people !! Thats a huge mass protest if you see the population numbers.

 

By the way, Iceland: Where Bankers Go to Jail for 74 Years

They did jail 29 bankers:

 

Just before Christmas, the former CEO of Iceland’s Glitnir bank and two other senior bankers were sentenced to jail terms of up to five years for market manipulation and breach of fiduciary duties. This brings the total number of senior Icelandic bankers so far sentenced for crimes in the run-up to the 2008 banking crash to 29.

http://www.huffingtonpost.com/stefan-simanowitz/iceland-has-jailed-29-bankers_b_8908536.html

 

 

 

 

https://www.youtube.com/watch?v=_6OfhgkUnZA

[oxmox 73]

:lol:

 

 

 

 

Interesting....

 

 

Austrian News just google translated:

 

Panama Papers: The USA laughing up their sleeve

 

 

Even countries like Liechtenstein and Austria did feel the increasing pressure. With Switzerland, the former German Finance Minister Peer Steinbrueck verbally ride even the cavalry. The threat of blacklisting ultimately took effect.

 

A tax haven after another backed down.

 

Particularly the United States have in this competition excelled. While the OECD standard on exchange of information almost come into force worldwide, nobody wants to know in the United States about a takeover of the rules. Washington regularly refers to the bilateral agreement FATCA, which is similar to put.

 

But the comparison is misleading: Although the rules preventing tax evasion of Americans, but not to America.

 

 

Besides traditional tax haven like Delaware several states have shown themselves to be more attractive and a secret place for international investment lately. Funds from Switzerland, the Cayman Islands or the Bahamas migrate increasingly to Nevada, Wyoming and South Dakota.

 

 

http://derstandard.at/2000034175490/Die-USA-lachen-sich-ins-Faeustchen

 

 

 

Forget Panama: it's easier to hide your money in the US than almost anywhere

 

The term tax haven may evoke images of exotic locales, but Panama actually ranks as the 13th

most attractive spot for hiding assets, while the US lies third.

 

One of the surprises about the Panama Papers – the largest leak from an offshore tax adviser in history – is how few Americans have so far been exposed. The reason? It may be because creating a shell company in the US is easier than obtaining a library card.

 

http://www.theguardian.com/us-news/2016/apr/06/panama-papers-us-tax-havens-delaware