huge data leak--panama offshore clients

Papers reveal Ian Cameron(PM dad) hired Bahamas residents, including a part-time bishop, to keep offshore company exempt."

how reporters pulled off biggest leak in history


http://www.wired.com/2016/04/reporters-pulled-off-panama-papers-biggest-leak-whistleblower-history/?mbid=social_twitter

The leak includes more than 4.8 million emails, 3 million database files, and 2.1 million PDFs from the Panamanian law firm Mossack Fonseca

How long will it take to trawl through all of that to find out their definitive opinion on the doing order of Girls Aloud?

quicker than chilcot

released financial files on Bill and Hillary Rodham Clinton's growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services

coincidence this story pops up before referendums in UK and Holland? These 2 groups are behind this appearing, good old Soros who has never had an off shore account in his life

Open Society Foundations
Chaired by Hungarian-American billionaire and Hillary Clinton donor George Soros, the Open Society Foundations back hundreds of pro open borders, mass immigration groups across the European Union, United Kingdom, and United States of America. Mr. Soros is a known rival of Hungarian Prime Minister Viktor Orban, and has recently written about how Mr. Putin is a “greater threat” to the West than Islamic State.

The Sigrid Rausing Trust
The Sigrid Rausing Trust, similarly to the Open Society Foundations, backs open borders and pro mass migration groups across the United Kingdom, and funds anti-Israel groups in the Middle East. The organisation funds “No Borders” in Ukraine, “Reprieve” in the UK – which defends Guantanamo Bay detainees, the American Civil Liberties Union (ACLU), and the radical left group “Southall Black Sisters” in Britain.

.
http://www.breitbart.com/london/2016/04/04/panama-papers-mainstream-media-focuses-putin-link-leak-group-funded-pro-open-borders-george-soros/

W/e Brewers it's a filthy cesspit that needed airing.  The docs aren't forgeries  Worth noting that the mainstream media in Russia and China and suppressing the story.  You should be grateful you live in a free country.

PMs fathers company avoided tax for 16 years

if you think you live in a free country I suggest you wake up

Do we know whether any UK/International tax laws been broken yet, or is this another example of legal tax avoidance?

Apr 4, 2016 -- 5:19PM, Burton-Brewers wrote:

if you think you live in a free country I suggest you wake up

If you think that Russia is more free than Britain, I can't really suggest anything as you are beyond help

In fact people like you make me sick.  You can't appreciate the freedoms and opportunities available in this country and mouth off when you have a life that most of the worlds people can't even dream of.

"Were all in it together"

Apart from your family!

Pretty sure the Clintons could have problems with this one.

What a shame...

This reporting reminds me of the film
The Firm with Tom Cruise
A lawyer working for a law firm
Only nailed the firm for illegal billing

Good film

don't worry david the feeling is mutual

guy caught. on Panarama selling his house for 1million,not declaring it

11million documents and they find his


how unlucky is that

The Simpsons



https://m.youtube.com/watch?v=wpjX4q5ZWQc

icing on the cake



N Korea held account

Cameron Sr was one of five UK-based directors until shortly before his death in 2010. In order to avoid UK tax, his venture had to be managed and controlled from abroad. A team of six other directors from Switzerland and the Bahamas was recruited, to ensure that a majority of the board was based outside Britain. However, the paper trail suggests this was a conjuring trick, albeit one tolerated by the law. Board meetings were held every year in Nassau and Switzerland, often in the five-star Hotel Beau-Rivage in Geneva. While the Europeans regularly jetted out to the Caribbean, there is little evidence of travel in the opposite direction, raising questions about how much the Bahamas directors contributed to strategy and decision making.

For Blairmore, 2006 was an important year. It sent out a prospectus calling for new investors – clients were asked to put in a minimum of $100,000 (£70,000) each. However, the prospectus stated two of the three Bahamian board members waived their $5,000 fee that year. They were the only directors recorded as doing so.

Through the Bahamas branches of Coutts and later SG Hambros, Blairmore retained dozens of local residents. There is no suggestion this arrangement was illegal and it was used by other offshore funds at the time.

The signatories were authorised to perform complex financial tasks. They could, company minutes state, “sell or buy any stocks, shares, annuities” and even “precious metals”.

In reality, according to the documents, big investment decisions appear to have been taken in the UK. Strategy was seemingly discussed in London where the investment management firm Smith & Williamson and five of the directors including Cameron were based.

Minutes from a 2001 directors’ meeting in the Bahamas say: “Mr Cameron concluded by stating that the company’s investment team … met regularly to discuss stock picks and strategy and that he was pleased with the teamwork over the past 18 months.”

It is hard to see how the company was not managed and controlled, and therefore tax resident, in the UK

Former tax inspector Richard Brooks

Just take 50% from every account and fine them all.

The more money they get, the more greedy they get. They never can get enough.

28 German Banks

ffs

French far right le pen aid stashed 2 million euro

No doubt HMRC will come down hard on PAYE customers following the latest revelation that they are the only people who do not get to choose how much tax they should pay.

PMs father got a part-time Bishop Panama to sign his tax documents

Just take 50% from every account and fine them all.

funny you should say that.
one country in the eu is hard on such matters and will do it.

we will just let em off as we are soft touches.

I think a lot of people are missing the point ...(the great unwashed) ...
I mean if you'd accumulated a great wadge of cash through perfectly legal business deals - where would you put it ?
Surely your first consideration is to keep your money safe and out of harms way !
And with the UK Banks and HMRC now having the poweers just to sequestrate your money first and ask questions later ...
In UK Bannks ?
In USA Banks ?
Under the bed ?
Etc ..etc ..
I'd certainly be putting mine in a safe haven or ...Offshore out of harms way.
Just look at what happened in the great banking crash of 2008 ...UK Ltd came within 30 minutes of our whole banking system going down., Only hasty desperate calls from the Banks to Gordon Brown stopped this happening !

but youd be putting it in a bank.....

and in a place where if something did go wrong you have zero protection.

at least here you get the 75k protection for each bank (unless you do two or more in the same owned banking organisation).

I read that UK will make it illegal to clock mileage on cars, it is already illegal to sell a car with knowingly wrong mileage, but they want to tighten it up. This is how they micro manage the workers, while at same time ignoring clear evidence of suspicious deals worth milions.

and one of the arguments for brexit is "we want to make our own laws"

I couldn't sleep if I had money in a bank 5000 miles away

They do it purely to avoid tax, legally alot of the time (due to sh!t tax laws), not some 'money safety'

they will take risks to avoid tax.

its greed

greed, ideology, its right wing thinking, I made this money myself and now government want to take 20% off me. If i jump through a few hoops and technicalities, fly to dublin or nassau for meetings I can pay 5%. or nothing.

see facebook, starbucks etc. why this leak wont change anything

The president of the Chilean branch of Transparency International resigned on Monday after documents from a Panamanian law firm showed he was linked to at least five offshore companies.

Software produced by a little-known Australian developer has helped journalists piece together news leads from the mountains of data found in the contents of the Panama Papers, one of the biggest document leaks in history.

Sydney-based Nuix Pty Ltd donated its document analysis program to the International Consortium of Investigative Journalists (ICIJ) to sift through the millions of leaked documents from Panamanian law firm Mossack Fonseca.

The Panama Papers include 2.6 terabytes of data including emails, images, PDFs and other documents and raise questions about the financial arrangements of high profile politicians and public figures through the use of offshore companies.

"What we've done is enabled the ICIJ to do what they couldn't do in probably months or years," Nuix vice president Angela Bunting told Reuters in a telephone interview on Tuesday.

By using the software, the Washington-based ICIJ was able to make millions of scanned documents, some decades old, text-searchable and help its network of journalists cross reference Mossack Fonseca's clients across these documents.

The massive leak has prompted global investigations into suspected illegal activities by the world's wealthy and powerful. Mossack Fonseca, the firm at the center of the leaks , denies any wrongdoing.

4 Luxembourg banks

you're doing great work xmoneyx keep it up.

we should remember that this is just one firm in one country.

taxes are for the little people!

carol voderman calls Cameron a hypocrite

is throwing yoghurt in Iceland a criminal offence

Canadian companies

198 billion

i wonder if the pope will get a mention?

throwing yoghurt probably gets a ten stretch, screwing your countryfolk gets a pass.

i thought vorderman was a tory supporter

private UK company to NHS

Docs on Call

pope has his own banks and even a country, doesnt need some lawyers in panama

http://www.doctorsoncalluk.com

i know but just in case he may have a bit extra stashed here and there

its sometimes dangerous being one of the pope's bankers . i think in the 80s one died in suspicious circumstances near blackfriars bridge?

Corbyn has stated he had nothing to do with these tax havens, however he did make a few deposits in Diane's shaven haven

xmoneyx
xmoneyx 04 Apr 16 12:46 Joined: 12 Jul 11 | Topic/replies: 34,394 | Blogger: xmoneyx's blog
Papers show Britain at the heart of vast tax haven leak

Just as long as you ain't surprised.

Does'nt bear thinking about.^^^^^

Only hasty desperate calls from the Banks to Gordon Brown stopped this happening !

Remember the Federal Reserve chipped in too, only £640 BILLION though.

http://www.newstatesman.com/2010/12/financial-british-money-fed

i think in the 80s one died in suspicious circumstances near blackfriars bridge?

Roberto Calvi. Not "near" the bridge. Dangling from it on the end of as rope.

I think a lot of people are missing the point ...(the great unwashed)

Excuse me......I wash once a month whether I need to or not. Anyway, only dirty people wash. NO, the point is, how much money does anyone need? If you're worth £20m, what's wrong with paying your whack in tax? Your cash will still accumulate. These greedy, corrupt bastards need to be made examples of. Now.

With an a estimated 2.6TB of stolen data in the breach, this was not a traditional break-and-enter, and the hacker or hackers behind it didn’t run off wth filing cabinets of printed material.

If you assume a generous allowance of 1MB of data per printed A4 page, 2.6TB comes out at 2,600,000 pages.

An A4 sheet, by definition, covers one-sixteenth of a square metre, and typical laser printer paper weighs 80 grams per square metre.

That’s 5 grams per page, or 13 tonnes for the paper version of the Panama Papers.

thank you alias, its a murky old world for sure. maybe it was a sex act that went wrong

why avoid taxes? greed.

dont expect a cabinet full of tax avoiders to take any serious steps, in the early march edition of private eye they mentioned that osborne had recruited someone to high up in hmrc who has spent his career helping big companies avoid tax, he has also lobbied on their behalf. maybe the poacher will turn gamekeeper, or then again not. the business secretary's former employer deutsche bank recently lost another court case about a scheme that he personally benefited from, they intend to fight on.

The prime minister of Iceland has asked the president to dissolve parliament after allegations he concealed millions of dollars worth of investments in an offshore company.

Iceland president blocks embattled PM's snap election call


PM has to stick it out or resign

other offshore banks probably have been compromised by hackers.

dont think anyone will be safe.

need a declaration of assets law in this country.
anything over 50k in cash and say 300k in property should be declared.

failing to do so ir leaving off details should result in a 50% fine on all assets.

somehow doubt we are transparent enough as a nation to bring that law in.

Who would have thought that so many people would have wanted to avoid paying unnecessary amounts in tax?

Just think, those sums of money could then have been squandered by Government AGAINST the wishes of the public on catastrophic projects like these …

'Tell Mama'  (why not just Tell The Police?)
.
https://en.wikipedia.org/wiki/Tell_MAMA


The misnamed 'PREVENT Strategy'
.
http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/7540456/The-Prevent-strategy-a-textbook-example-of-how-to-alienate-just-about-everybody.html


Kids Company

.
https://en.wikipedia.org/wiki/Kids_Company


YOUR MONEY. YOUR TAXES paid for these car-crashes.

need a declaration of assets law in this country.
anything over 50k in cash and say 300k in property should be declared

wtf does it have to do with anyone else what assets I hold? what next "oh you don't need that much we'll have some of that"

I understand that any transaction you make in this country via the banks of 10k or more has to be reported to the revenue.

One of the Americans exposed by the Panama Files wrote a self-published book called "I’ve Been Arrested, Now What?".

The snoopers charter has also included the ability of police and others to look into individual's accounts.(I think without any type of warrant too)

Russian Prosecutor General's Office to Investigate Panama Papers:

putins mate

Jollyswagmans got it wrong Roberto Calvi was not the Popes Banker,he was Gods Banker.

thanks fred, whoever it was, it didnt work out to well for the poor chap

Icelandic PM resigns in wake of Panama Papers scandal

1 down

A French businessman named in leaked files from a Panama law firm has denied deliberately funnelling money offshore.

Frederic Chatillon, whose company Riwal ran communications for the far right Front National (FN) party's election campaigns in 2012, said all his transactions were legitimate.

new FIFA pres cash panama

xmoneyx    05 Apr 16 10:12 
I couldn't sleep if I had money in a bank 5000 miles away



Yes it must be a pain in the a r s e getting there for when it opens in the morning

wtf does it have to do with anyone else what assets I hold? what next "oh you don't need that much we'll have some of that"

its a way of seeing if people made money and not paid tax.

if you declare and then have to declare again the next year or after (because of an increase) , they can see if you have avoided tax.
when you have a 20000 increase you have to declare in that tax year.

that way anyone hiding cash will get fined.
or anyone not paying the right tax will do also.

got fk all to do with what you have.

its no different from benefit claimants having to declare their savings.

I understand that any transaction you make in this country via the banks of 10k or more has to be reported to the revenue.

if you carry 10k euros or more on a flight you have to have documentation for that money in your name and probably a valid reason lol

money transfers between certain countries all get logged now...think its the FACTA agreement...might be under a different name.

still doesnt explain how money can come out of a uk bank and not raise suspicion.

wtf does it have to do with anyone else what assets I hold? what next "oh you don't need that much we'll have some of that"

PAYE earn, government informed and paid before you even get your hands on the income. This is how most people pay taxes. Or VAT, taken at point of sale

I reckopn their is a way for every single person to beat tax laws if you had the people who were prepared to set it up for you without making money. Certainly would get interesting if 72% of tax payers got a free ticket to the Virgin Islands.

The head of Hillary Clinton's presidential campaign is linked to a Russian bank involved with an emerging international scandal

Podesta Group signed up to lobby for the Sberbank of Russia in Washington about a month ago, in early March. The bank has been implicated in a scheme unearthed on Sunday in which leaders worldwide illegally stashed their assets overseas.

The Podesta Group was founded by John Podesta, the chairman of Clinton's 2016 campaign for president and a chief of staff to former president Bill Clinton. His brother, Anthony Podesta, is listed as a lobbyist for the account on the March filing.

Every one must pay their taxes..that is totally fair

Downing Street says 'no offshore trusts' will benefit Camerons in FUTURE

As Boris Johnson dismisses the Panama Papers as "absolute tripe", 77%

apparently the icelandic pm hasnt resigned just stepped aside for a while.

whose turn to be rumbled today? with so much information leaked this could run and run.

resigned as PM,but still head of party

A fashion designer whose dresses are worn by Samantha Cameron, Michelle Obama and Kate Middleton has been caught up in the offshore tax scandal. London-based Roksanda Ilincic is among the latest names to emerge from the Panama Papers

Stitched up

Newly elected President of Argentina, Mauricio Macri, is among the political leaders involved in the Panama Papers.

Major Zimbabwe mining conglomerate ZIMPLATs implicates in Panama Papers

simon cowell

sarah fergeson

are you getting a hard on?

once celeb types are involved all the red tops will go to town on it

There is a big picture  here and there are some interesting angles as to whats really going on,the insular debate on here is hardly worth reading , twitter tatter side show   distracting from whats going down on the big stage .

Is this the prelude to something big kicking off ?  hopefully just a massive bunfight nothing more .

anynone got any NON MSM opinions on whats it all about ?

1/ who were the hackers?
2/ who " employed " them?
3/ how many Jewish companies or people have been named?
4/ why target this company when there are hundreds of them around the world?
5/ who benefits out of all this?
6/ what will be the outcome?

1=not sure its confirmed it was a hackers
2=
3=600 i think it was reported ,but poor bait all the same,(noted you make no mention of Mossacks  Nazi SS officer father)
4=who says they were targeted
5=
6=unknown

2 & 5 = George Soros

Twanky

Barred from the politics forum - 1.02
Racist with inferiority complex - 1.01

"The snoopers charter has also included the ability of police and others to look into individual's accounts.(I think without any type of warrant too)"
Absolutely right DustyBin...not only that to block/freeze bank accounts and freeze personal assets!

As an ex-technical investment specialist/deal maker (six figure salary) working for a London based Merchant Bank....I have to laugh at some of the idiotic and ill informed postings above....
Keep it coming ...I like a good laugh.

it was probably anonymous and good luck to them if it was.

hope they hack a load more.

heather mills

Paul will be laughing his head off

The British banker Nigel Cowie, who lived in North Korea for over two decades, allegedly set up an offshore company used by Pyongyang to expand its nuclear weapons program and sell arms. News of his involvement came to light following Sunday’s leak of the Panama Papers, which have shed light on global offshore finance arrangements.