Media Dragon: There is nothing in a tax haven

There is a famous Russian cartoon in which a hippopotamus, in the bush, points out a zebra to another hippopotamus: 'You see,' he says, 'now that’s formalism.

— Alain Robbe-Grillet, born in 1922

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There is nothing in a tax haven

I've studied tax havens and can say with confidence that there's no actual money in them.

The funds recorded in places like Jersey are just accounting entries, with the real money held elsewhere.

Tax havens exist to facilitate tax avoidance by creating secrecy, but the goal isn't to recover money from them—it's to ensure that income and wealth recorded there are properly taxed in other jurisdictions.

In this morning's video I address the topic that, long ago, really got this blog going, which is tax havens.

Read the full article…

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Woooah… this is a very smart/evil scam. The web savvy will immediately spot the dodgy email address, but I bet plenty won’t.

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It turns out that the Trump mess was no bug in the system Greg Gutfeld, FOX:

Two months ago, a man in shorts and a T-shirt walked through an open door in the [FBI] Miami field office and spent the night. First, he took a shower, then downloaded porn on a computer…. Next morning, he asked employees where he could get a cup of coffee, and they got him coffee. Hell, I don’t get treated that well at Starbucks and I own Starbucks. He was only caught when he entered a defensive tactics class, and someone finally asked who the hell he was… Now, look, no agency is perfect, but when some clown can wander into a classified facility, watch porn, wash up, spend the night, have breakfast, and then attend a tactical training session, is it any wonder a whack job can ride up on a bike and shoot Trump? Best Buy has better security…. So forget the conspiracy theories unless it’s a conspiracy of decline, and it’s everywhere.

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