It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.
Leaders of G20 countries have repeatedly pledged to close down tax havens since the financial crisis of 2008, when the secrecy shrouding parts of the banking system was widely seen as exacerbating instability. But many countries still refuse to make details of individuals' financial worth available to the tax authorities in their home countries as a matter of course. Tax Justice Network would like to see this kind of exchange of information become standard practice, to prevent rich individuals playing off one jurisdiction against another.
“One of the issues that I have been preaching about around the world is collecting taxes in an equitable manner, especially from the elites in every country,” Clinton told a glittering New York conference.
Winning some laughter at the forum on the sidelines of the UN General Assembly, she insisted: “You know I’m out of American politics, but it is a fact that around the world the elites of every country are making money.”
News articles like these, something in common with every NWO conspiracy theory since the modern age, about ultra-wealthy elites hijacking loopholes in the global economy should be TOP HEADLINES. HOW ARE PEOPLE NOT CONNECTING THE DOTS?
intrptr
reply to post by Davian
News articles like these, something in common with every NWO conspiracy theory since the modern age, about ultra-wealthy elites hijacking loopholes in the global economy should be TOP HEADLINES. HOW ARE PEOPLE NOT CONNECTING THE DOTS?
Because there is no conflict of interest between the media, politicians, mega corporations and high finance. The sign of that is how things are covered.
Bernie Maddof "swindles" 50 billion and he's tried and sentenced, bang, done.
Huge Banks and Corporations are (ahem) "bailed out" and its business as usual.
Deceased Libyan dictator Moammar Gadhafi had “secretly salted away more than $200 billion in bank accounts, real estate and corporate investments around the world before he was killed.” The story was repeated around the world, with various news sites reporting that Gadhafi died richer than the three richest people on the planet – Carlos Slim, Bill Gates and Warren Buffett – combined.
In order to prevent corruption and conflicts of interest within government, many major countries around the world require that their highest level leaders release annual reports disclosing their most recent income, tax returns, salary and personal net worth. For example, Barack Obama's, tax return last year showed that he and Michelle grossed $608,611 for the calendar year 2012 (his
President, Vladimir Putin. Last April, Putin revealed both his salary and estimated net worth. Unfortunately something just didn't add up. Putin's disclosure portrayed the controversial leader as a humble man of the people with very meager, practically non-existent, income and assets. This portrayal did not sit well with many experts of Russian government and politics. These experts agree that, without question, Putin has used his last decade of absolute power and wholehearted corruption to stash away a vast personal fortune estimated at more than $70 billion. A fortune that simply does not jibe with the humble, man-of-the-people, portrait Putin paints of himself.
Bashar al-Assad has amassed fortune of up to £950m, analysts estimate Syrian president's assets are thought to be held in Russia, Hong Kong and offshore tax havens to spread risk of seizure
In peacetime, the Assads and their close friends owned around 60% to 70% of the country's assets, from land and factories to energy plants and licences to sell foreign goods. But Assad would find it difficult to liquidate such assets in the event of his regime's collapse.
Here is a clue as to the sort of elites the OP is talking about
To add ...
These major country's in which these laws only exist are mainly western countries
Place like Africa, Russia, China, the Middle East, South America these laws do not exist so corruption is on a far grander and larger scale, generally the poorer the country the richer the elites are
They're all at it
Chinese government officials seem to be the richest and most corrupt of them all, with the largest inequality anywhere in the world
edit on 12-4-2014 by TritonTaranis because: (no reason given)
SevenThunders
The authors of your article bemoan the fact that the offshore wealth wasn't being put to work in the countries they came from, or properly seized and disposed of according the wisdom of our all beneficent governments.
Why not ask a different question? Why are our tax rates so high, that we go to such extraordinary measures to keep the tax man at bay? Why not lower taxes to the point that no one even worry's about it? Frankly there was a time when we didn't even have an income tax and we did just fine using tariffs and fees.
If you eliminated income taxes, especially corporate income taxes in the US you would have an immediate huge economic boom and much higher employment as all that money rushed back into the US. It's just unfortunate that the Marxist rhetoric and brainwashing has infected so many Americans that they can no longer see the value of liberty.
Davian
Taxes are indeed high and if the government never taxed anyone they'd still have the money to operate... common sense (or at least it should be). What irks me though is that every American citizen would get thousands of dollars back, and nobody would be homeless or in poverty. But it still pisses me off that we, the commoners, have to suffer while the Elite get to sit in lavish hotels and have fancy meals and avoid taxes, if we suffer they should suffer with us, it's not right, and it's evil. I can see where you're coming from however.