Sunday, April 10, 2016

Panama Papers Hats and T-shirts: ‘Mossack Fonseca: because taxes are for poor people’

Excellent Panama Papers t-shirt: ‘Mossack Fonseca: because taxes are for poor people’ Boing Boing

Calling hard core irony spade a shovel ... 

*Wilson parkings tax numbers appear to defy economic reality

Offshore tax haven specialist David Marchant unpacks the headline grabbing #PanamaPapers BizNews
@thesundaytimes At midnight, the Sunday Times will release exclusive data on more than 40,000 Panama companies set up by Mossack Fonseca #PanamaPapers 1/3 Search our database of 37,000 names linked to Mossack Fonseca companies in the tax haven of Panama

In 1950s Panama diner, glum offshore lawyers count cost of leak Reuters

Have an offshore? Maybe you’re feeling indigestion McClatchy. Richard Smith:
Not much so far. Many of the small number of people named don’t have Panamanian companies but rather BVI ones etc. However
a) “There are about 3,500 shareholders of offshore companies who list U.S. addresses” These are the ones most likely to turn out actually to be Americans…not guaranteed though.
b) “almost 3,100 companies are tied to offshore professionals based in Miami, New York and other parts of the United States”
It’s perhaps a smidge less likely that this lot are fronting Americans. Anyone who wants to put USD in the States could be a candidate; in the past that has included people like Tymoshenko of Ukraine, and lately, as we know, lotsa Brazilians (Miami Herald coverage). Organised crime is another possibility.
It’s going to take a while to sort that lot out.
Beyond Panama: USA has become the banking secrecy jurisdiction du jour Common Dreams (Sid S)
My brief career as an Indian Ocean tax pirate Financial Times 
How The Oil Crisis Has Impacted Military Spending OilPrice

Panama Papers - Officials Raid Mossack Fonseca's San Salvador Offices

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