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originally posted by: xuenchen
They're protesting in Iceland ...
" anger and shock over recent news concerning the finance of the leaders of the two ruling parties in the government, the independent party and particularly the progressive party "
“Elections Now” – Icelanders fired up and ready to protest
Mossack said he and Fonseca used to keep a vast inventory of “shelf companies” on hand because banks would request as many as a hundred at a time. www.zerohedge.com...
In fact, information revealed from the capture of over 11 million documents shows that not only did the law firm of Mossack Fonseca function in the capacity of hiding wealth for the rich and powerful, but they also acted as a conduit for government accounts which were used for performing off-book activities ranging from money laundering, funding political coups, ways for nations to bypass sanctions, and even paying off burglars involved in the now infamous Watergate break-in.
originally posted by: TheBandit795
It's intentionally done to get rid of Mossack Fonseca in order to benefit the Rothschild firm in the new tax haven of Nevada, U.S.A.. The clients are collateral damage IMO (even though a lot of them, but not all are indeed corrupt).
And when wealthy Americans do want to evade taxes, they turn to Bermuda, or the Cayman Islands, or Singapore. They don’t park their money in Panama.
“Within the [high-net worth] world, there is a national taste as in anything else,” said Edward Kleinbard, a professor of law and business at the University of Southern California, “and I think Panama is a disfavored country among U.S. advisers because it is viewed as an outlier relative to world norms.”
If the Panama Papers had come out in the early 1980s, the scandal may have implicated far more Americans. Back then, experts say, Panama was a popular spot for parking money offshore for its lax bank secrecy laws and currency controls. But in 1989, under then President George H.W. Bush, the U.S. invaded Panama and deposed the military dictator, Manuel Noriega, and wealthy Americans have largely avoided the country since.
At the same time, countries such as Bermuda, the British Virgin Islands (BVI) and the Cayman Islands all have changed their laws to court investment, giving them significant advantages over Panama. Those three countries operate under a derivative of English common law, which gives American lawyers a sense of familiarity and confidence in their legal systems. Further strengthening that trust, Panama is a Spanish-speaking country, while Bermuda, BVI and the Cayman Islands all use English. Wealthy Americans are also more confident in the political systems of the three countries as opposed to Panama, which many see as more unstable.
originally posted by: XxBman006xX
a reply to: HolgerTheDane2
I have read every post and it still seems off to me. This leak goes back decades..........yet i'm not seeing much of anything about the U.S.I know more is coming........I'm waiting!
Sanders pointed out in his 2011 speech that Panama’s economic output is just $26.7 billion per year. That is just two-tenths of one percent of the entire U.S. economy. “Deepening” our economic engagement, as Clinton put it, would not enrich our nation substantially. It would not create a significant number of jobs, and it certainly would not (and has not) stimulated much in the way of economic growth in the United States.
"...the trade agreement with Panama would effectively bar the U.S. from cracking down on illegal and abusive offshore tax havens in Panama. In fact, combating tax haven abuse in Panama would be a violation of this free trade agreement, exposing the U.S. to fines from international authorities.”
“The Free Trade Agreements passed by Congress tonight will make it easier for American companies to sell their products to South Korea, Colombia and Panama, which will create jobs here at home. The Obama Administration is constantly working to deepen our economic engagement throughout the worked and these agreements are an example of that commitment.”
The Guardian reports that it has confirmed that at least 200 American citizens are implicated in the Panama Papers. The names include a convicted Ponzi Schemer currently serving a 13 year jail term and a Florida billionaire found guilty of forging fake sculptures. Also included in the list of names is Benjamin Wey, president of New York Global Group, who was already charged with fraud last year. None of the names are of American politicians.
At the age of 38, Bradford-born Sarah Petre-Mears is running one of the biggest business empires on earth. Or so it would appear.
Official records show her controlling more than 1,200 companies across the Caribbean, the Republic of Ireland, New Zealand and the UK itself. Her business partner, Edward Petre-Mears, is listed as a director of at least a further 1,000 international firms.
But the true headquarters of this major businesswoman remains mysterious. The UK companies register lists 12 addresses for her, several in London. None are real homes: several are PO boxes, collecting mail for hundreds of locations, while others merely house the offices of incorporation agencies.
originally posted by: TheBandit795
a reply to: woodwardjnr
If that is so, then the Rockefellers, the Rothschild's and their friends really love Bernie.
Panama Papers Psyop by Real Elites: Soros, Rockefeller Foundation, Carnegie, Openly Behind Them (Video)