Tax Haven

Experts Explain How Wall Street Loots The Economy

November 12, 2017 Pam Martens and Russ Martens, www.wallstreetonparade.com Educate! New Economy, Tax Haven, Tax Reform, Taxes, Wall Street

By Pam Martens and Russ Martens for Wall Street on Parade. If you feel lost in the cacophony of contrasting claims that Wall Street was adequately reformed under the Dodd-Frank legislation of 2010 or that it remains an insidious wealth transfer system for the 1 percent, then you need to invest one-hour of your time to listen carefully to some of the smartest experts in America address the topic. A free one-hour video is now available (see above) which should settle the debate once and for all that the Dodd-Frank legislation of 2010 has failed to deliver the needed reforms to Wall Street’s corrupt culture and fraudulent business models and that nothing short of restoring the Glass-Steagall Act is going to make the U.S. financial system safe again. Don’t let the grainy quality of the video turn you off (it was made from a live webinar): the integrity of the voices will quickly reassure you that you are watching something powerful and critical to the future of the U.S.

‘Paradise Papers’ Show How Wealthy Stash Riches, Dodge Taxes

November 8, 2017 Emily Wells, truthdig.com Educate! Investigation, Ruling Class, Tax Evasion, Tax Haven

By Emily Wells for Truth Dig - A trove of recently leaked files pertaining to offshore finance, dubbed “the Paradise Papers,” offers insight into how the wealthiest corporations and individuals protect their riches. The documents also show financial ties to Russia of a member of President Trump’s Cabinet. The 13.4 million files were obtained by the German newspaper Süddeutsche Zeitung and subsequently shared with the International Consortium of Investigative Journalists (ICIJ), which has been investigating offshore finance for several years. According to a New York Times report, Appleby, an offshore firm at the center of the documents, said it has “thoroughly and vigorously investigated the allegations and we are satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients.” The ICIJ said Sunday in a post announcing the release of the papers that they “reveal offshore interests and activities of more than 120 politicians and world leaders.” The papers include data on U.S. Commerce Secretary Wilbur Ross, Secretary of State Rex Tillerson, chief economic adviser Gary Cohn, major donors to the Trump campaign and a business associate of the president’s son-in law, Jared Kushner. The papers also reveal financial activity and investments by Queen Elizabeth II, Bono, Apple, Nike and Facebook.

The Real Scandal Behind The Panama Papers

October 5, 2016 Joseph E. Stiglitz and Mark Pieth, www.transcend.org Educate! Corporations, Panama Papers, Tax Haven

By Joseph E. Stiglitz and Mark Pieth for Transcend Media Service - 29 Sep 2016 – I’ll confess that my jaw dropped when I looked beyond the headlines about the Panama Papers last spring and began to read the fine print. “Panama Papers” is shorthand for the widely publicized report of the International Consortium of Investigative Journalists, originally published on April 3, 2016. The story broke simultaneously on the I.C.I.J. Web site and in newspapers around the world and detailed what had been going on behind a cloak of secrecy.

Newsletter: The Corruption Of Money

April 16, 2016 Kevin Zeese and Margaret Flowers, www.popularresistance.org Newsletter Black Lives Matter (BLM), Citizens United, Corporate tax, Democracy, Fight for 15, Living Wage, Occupy, oligarchy, Panama Papers, Tax Evasion, Tax Haven

By Kevin Zeese and Margaret Flowers. As tax day approaches, there will be numerous reports about how US oligarchs – wealthy individuals and major corporations – do not pay their fair share in taxes. A GAO report released this week found “at least two-thirds of active U.S. corporations paid zero federal income taxes between 2006 and 2012. The report also found that large, profitable corporations only paid 14% of their profits in federal income taxes on average from 2008 through 2012, while approximately one-fifth of them paid nothing at all.” This is not only due to tax laws that provide corporations with a wide array of loopholes to lower their taxes, but is also due to the intentional hiding of money off-shore. A 2015 report found that nearly 75% of Fortune 500 companies tucked away $2.1 trillion in accumulated profits offshore to avoid paying US income taxes.

How US President And JP Morgan Made Panama

April 12, 2016 Ed Vulliamy, www.theguardian.com Educate! JP Morgan, Panama, Panama Papers, President, Tax Haven, United States

By Ed Vulliamy for The Guardian - This goes back a long way. The Panamanian state was originally created to function on behalf of the rich and self-seeking of this world – or rather their antecedents in America – when the 20th century was barely born. Panama was created by the United States for purely selfish commercial reasons, right on that historical hinge between the imminent demise of Britain as the great global empire, and the rise of the new American imperium.

Spanish Trade Unionists Will Occupy Gibraltar In Tax Haven Protest

July 29, 2014 Matthew Bennett, www.thespainreport.com Resist! Protest, Spain, Tax Haven, Unions

The Andalusian Workers’ Union (SAT) says it will attempt to cross the border with 1,000 members, flags and banners to protest in front of government buildings. An activist trade union in Spain’s southern region of Andalusia, the Andalusian Workers’ Union (SAT), has announced it intends to “occupy the Rock of Gibraltar” with 1,000 protestors, flags and banners on August 29 to demonstrate against tax havens, fishing rights, the British military base and sovereignty. Diego Cañamero, the spokesman for the SAT trade union, told The Spain Report by phone that: “Our action is about justice. There is an economic crisis, with 37% unemployment in Andalusia, and on the Rock there are 80,000 public companies, and millions and millions of euros from all the corruption on the Costa del Sol”. The SAT, which has members all over Andalusia, took the decision during its national assembly meeting on July 13 and would like the protest to take place in front of Gibraltar government buildings, once across the border.

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