The Panama Papers will implicate Americans, we will see that free college and universal health care

[morningfog]

are easily affordable if everyone where made to play fair.

[nc4bo]

1. The World’s Favorite New Tax Haven Is the United States

Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business.

http://www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states

Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.
His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments.
Some are calling it the new Switzerland.

After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota.
“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent legal journal. “That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”

A Panama Papers, U.S. version release may prove to be very interesting.

It'd be nice to have information on the old AND the new schemes and their players.

Lots of rats in the corn. Probably more rats THAN corn.

[felix_numinous]

2. We need our bailout n/t

[morningfog]

3. We just need the citizens and corporations who benefit from being here to pay their taxes.

[felix_numinous]

4. Yep 'justice for all'

isn't ponies and unicorns.

[Gwhittey]

5. The List of US people invloved in this

Will be out next week.

[morningfog]

7. I can't wait and am glad it will come out before NY votes.

[me b zola]

6. Recommended

[Hiraeth]

8. Giving this a Big ole Rec and a Rockette Kickety kick

[Octafish]

9. Rich should pay their fair share.

Notice which DEM candidate stood against this particular form of tax evasion.

http://www.zerohedge.com/news/2016-04-07/yes-panama-papers-could-really-end-hillary-clintons-campaign

[Overseas]

10. K&R. Yes indeed.

A penny tax on each share traded would go a long way toward universal health care and free tuition, and infrastructure repairs.

[nc4bo]

11. "We should all be able to agree: no one should be poor in a nation as wealthy as the US."

http://www.theguardian.com/commentisfree/2016/apr/07/panama-papers-taxes-universal-basic-income-public-services

We should all be able to agree: no one should be poor in a nation as wealthy as the US. Yet nearly 15% of Americans live below the poverty line. Perhaps one of the best solutions is also one of the oldest and simplest ideas: everyone should be guaranteed a small income, free from conditions.

Called a universal basic income by supporters, the idea has has attracted support throughout American history, from Thomas Paine to Martin Luther King Jr. But it has also faced unending criticism for one particular reason: the advocates of “austerity” say we simply can’t afford it – or any other dramatic spending on social security.

The Panama Papers show how vital it is to close tax loopholes so the system’s fair for everyone. It’s a shame some of my colleagues in Congress don’t agree
Read more
That argument dissolved this week with the release of the Panama Papers, which reveal the elaborate methods used by the wealthy to avoid paying back the societies that helped them to gain their wealth in the first place.

Roads and transportation infrastructure. Educated workforces. Courts and legal systems. Innovations sparked by government funding, such as the internet. No one – no matter how smart or hard working – joins the American or global elite without making use of these shared resources.

[snowy owl]

12. Bets are that none of the American stuff will be released until after campaign season