The Pandora Papers : Leak of Offshore Interests
Discussion
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
cherryowen said:
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
No doubt the usual suspects will shrug their shoulders about this whilst moaning about benefits scroungers. Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
I managed to get caught up in one of these things ages ago when some idiot journo managed to put 2 & 2 together and get 17.
Notice how the article says repeatedly how all these things are legal and have legitimate purposes in between the tutting and finger pointing.
If you want to hunt down dodgy finances either go looking for those, or get the rules changed. Don't point at legal financial planning and complain.
Notice how the article says repeatedly how all these things are legal and have legitimate purposes in between the tutting and finger pointing.
If you want to hunt down dodgy finances either go looking for those, or get the rules changed. Don't point at legal financial planning and complain.
You don't think ordinary people should complain about the use of various legal loopholes that mean that government debt increases/government investment has to be less/normal people have to pay more tax?
It appears to serve the purposes of our government (and previous ones) to ignore this sort of thing. Perhaps so they can be like Tony Blair and take advantage of it themselves later on?
It appears to serve the purposes of our government (and previous ones) to ignore this sort of thing. Perhaps so they can be like Tony Blair and take advantage of it themselves later on?
pquinn said:
I managed to get caught up in one of these things ages ago when some idiot journo managed to put 2 & 2 together and get 17.
Notice how the article says repeatedly how all these things are legal and have legitimate purposes in between the tutting and finger pointing.
If you want to hunt down dodgy finances either go looking for those, or get the rules changed. Don't point at legal financial planning and complain.
That might be true in some circumstamces (I suspect Tony Blair falls in to this camp) but the list is full of prime minister's and generals from poverty stricken and 3rd world countries. It's odd on those guys have only got their funds through corruption. Notice how the article says repeatedly how all these things are legal and have legitimate purposes in between the tutting and finger pointing.
If you want to hunt down dodgy finances either go looking for those, or get the rules changed. Don't point at legal financial planning and complain.
Hopefully it does tighten a few loopholes for UK folk too.
abzmike said:
There will be a week of finger pointing, readers comments about pigs in the trough etc, and by next week it will pass. There is zero appetite in governments around the world for global tax laws that would close loopholes, so nothing will change.
This. Mainly because to do anything else would expose the fact that the worlds governments and tax authorities are almost powerless to control the behaviour of large corporations and the very rich people who lead them.Turns out that if you want to stop this kind of stuff you make your country unattractive to investment. Still, I'm sure the current administration are going to lead us away from a low wage economy
PeteinSQ]You don't think ordinary people should complain about the use of various legal loopholes that mean that [b said:
government debt increases/government investment has to be less/normal people have to pay more tax?]/b]
It appears to serve the purposes of our government (and previous ones) to ignore this sort of thing. Perhaps so they can be like Tony Blair and take advantage of it themselves later on?
Not necessarily, the money is being spent or invested somewhere, and there is no reason to think the govt can always disburse it more wisely.It appears to serve the purposes of our government (and previous ones) to ignore this sort of thing. Perhaps so they can be like Tony Blair and take advantage of it themselves later on?
Frankly I'd rather see billionaire's money spent on employing yacht crews than on unemployment benefit for newly redundant yacht crews.
cherryowen said:
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
Some big names being mentioned here.
Further information to be analysed and released over the next week by the likes of The Guardian, Le Monde, and The Washington Post.
Not sure what the fallout from this is going to be, but it may make interesting reading
article said:
The Pandora papers also reveal some of the unseen repercussions of previous offshore leaks, which spurred modest reforms in some parts of the world, such as the BVI, which now keeps a record of the real owners of companies registered there. However, the newly leaked data shows money shifting around offshore destinations, as wealthy clients and their advisers adjust to new realities.
Whodathunk...Electro1980 said:
But it’s not. It is stashed away in bank accounts as far from the tax man as possible generally doing little of any value. Trickle down economics is BS peddled by those who just want to protected their wealth.
Just an observation: I don’t know of any serious conservative economist who supports ‘trickle down economics’. The term was coined by Will Rodgers, a democrat humorist to satirise the policies of Hoover. 90 years ago.Edited by Ridgemont on Sunday 3rd October 20:39
Dr Jekyll said:
Not necessarily, the money is being spent or invested somewhere, and there is no reason to think the govt can always disburse it more wisely.
Frankly I'd rather see billionaire's money spent on employing yacht crews than on unemployment benefit for newly redundant yacht crews.
Ah the classic trickle down economic theory you mean? Not sure that holds much water really. Frankly I'd rather see billionaire's money spent on employing yacht crews than on unemployment benefit for newly redundant yacht crews.
PeteinSQ said:
Dr Jekyll said:
Not necessarily, the money is being spent or invested somewhere, and there is no reason to think the govt can always disburse it more wisely.
Frankly I'd rather see billionaire's money spent on employing yacht crews than on unemployment benefit for newly redundant yacht crews.
Ah the classic trickle down economic theory you mean? Not sure that holds much water really. Frankly I'd rather see billionaire's money spent on employing yacht crews than on unemployment benefit for newly redundant yacht crews.
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