Panama Papers

It will get really good when people named in the leaks try and distract people by 'accidentally' leaking their own collections of secrets.
 
I wonder if Cameron will be as publicly critical of his dad, if it's shown he used a legal tax avoidance scheme, as he was of Jimmy Carr?
 
I expect that this will make some interesting listening on the radio whilst I'm at work, I imagine that's as much satisfaction there will be in the leak though much like the MP expenses story.
 
Glaucus said:
I like how they make it sound like everyone listed broke the law. I bet the majority is legal tax avoidance.
However will be interesting how it unravels, doubt it'll change anything. To many countries and states make money from this.
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The legality is rather a moot point. The documents seem to suggest that the use of sophisticated avoidance schemes is endemic, and goes to the top of the political system.

The authorities do have the power to shut these types of scheme down, or restrict access to them, and the vast majority of voters would support this. However, they don't, and the leaked documents my well give a very good insight as to why they don't.

If the system is corrupt and self serving, that fact something so clearly wrong is not illegal, just makes worse imo.
 
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Stretch said:
The legality is rather a moot point. The documents seem to suggest that the use of sophisticated avoidance schemes is endemic, and goes to the top of the political system.

The authorities do have the power to shut these types of scheme down, or restrict access to them, and the vast majority of voters would support this. However, they don't, and the leaked documents my well give a very good insight as to why they don't.

If the system is corrupt and self serving, that fact something so clearly wrong is not illegal, just makes worse imo.
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You needed a paper to tell you this?
 
Stretch said:
The legality is rather a moot point. The documents seem to suggest that the use of sophisticated avoidance schemes is endemic, and goes to the top of the political system.

The authorities do have the power to shut these types of scheme down, or restrict access to them, and the vast majority of voters would support this. However, they don't, and the leaked documents my well give a very good insight as to why they don't.

If the system is corrupt and self serving, that fact something so clearly wrong is not illegal, just makes worse imo.
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You've never known?
 
I am guessing nothing will come of this in the UK given the sweetheart deals our government and HMRC make.

Look at the recent story where HSBC was assisting in both evasion and avoidance via Switzerland but no charges have been brought.
 
The Geezer said:
I am guessing nothing will come of this in the UK given the sweetheart deals our government and HMRC make.

Look at the recent story where HSBC was assisting in both evasion and avoidance via Switzerland but no charges have been brought.
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Or my favourite - where number 10 stepped in and actually ordered the Serious Fraud Office to stop investigating the massive bribery that BAE was engaging in.
 
https://www.documentcloud.org/documents/2780370-Cameron-Iandoc2.html

Inside the Mossack Fonseca data Offshore investment firm highlighted to investors that it was managed to avoid taxes
Cameron helped create and develop Blairmore Holdings Inc. in Panama in 1982 and was involved in the investment fund until his 2010 death. Although Cameron didn't appear as director of Blairmore until 1989, a 2006 prospectus said he "was instrumental in the formation of Blairmore Holdings Inc. in the early 1980s." In July 1998, the fund was valued at nearly $20 million. Promotional literature noted the fund was “not liable to taxation on its income or capital gains” and that the fund "will not be subject to United Kingdom corporation tax or income tax on its profits." Blairmore used a large amount of bearer shares –unregistered shares that belong to anyone who physically holds the share certificates– until 2006.
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Wonder how much that fund is worth now, wonder if he will question the morality of his father's financial dealings publicly. :D
 
who actually gives a crap. All this will be is a witch hunt conducted by mad people who are mad because they don't get to wipe their arses with £50 notes. I couldn't give a crap if Messi, Putin, or Geoff Capes stashed their laundered money in an offshore account in Timbuktu
 
wildman said:
who actually gives a crap.
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Umm, lots of people

All this will be is a witch hunt conducted by mad people who are mad because they don't get to wipe their arses with £50 notes. I couldn't give a crap if Messi, Putin, or Geoff Capes stashed their laundered money in an offshore account in Timbuktu
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just because you don't give a toss, don't extrapolate that to everyone else.

One reason why people do care, is there are a lot of honest people (and ones with no choice :p) out there who work hard and have to pay all the tax due on their earnings.

And here we have the proof that the people in charge of making said rules are doing all they can to circumvent them, when in all reality they are rich enough to not need to, while preaching to the rest of us.
 
Glaucus said:
You needed a paper to tell you this?
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V F said:
You've never known?
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There's huge amounts of innuendo. People know what's going on, but they don't know exactly who benifits. Referring to them simply as "the rich" still preserves a level of anonymity for the individuals involved. Remove than anonymity (as has happend now), and the system and coruption become much harder to sweep under the carpet.
 
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