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SWBTATTReg

(26,352 posts)
16. These wealthy people and their attempts to launder dirty money/pass dirty money to each other/...
Mon Jan 7, 2019, 02:40 PM
Jan 2019

and all of the other methods and so forth via buying 'clean assets' w/ dirty money, etc. is almost like a comedy sketch, but one that isn't funny. If this describes the act of just a few wealthy people to escape taxation/escape having their money traced/tracked, etc. responsibility (rump, Saudi Arabia, Russia), then think of this scary scenario, that many wealthy people/entities have engaged in this practice multiple times, year after year.

This practice among w/ others is what rump seems to claim in his so called ability to avoid paying taxes and I think this is the big reason why he doesn't want to show us his tax returns. This is not a privacy issue, this is a criminal issue and it needs to be acted upon.

These schemes are ripping ALL of us off big time. I love to know the excuses that republicans will use in order to deflect or defeat efforts to continue to defund the IRS. If anything, the new House of Representatives should pass beefed up tax collection efforts (or at least the states should) to go after these people/entities. If the Senate votes no on this issue, I'd love to hear their rationale as to why, and then thrown them in jail after due process, for failing to perform their basic duty to the US and their oaths.

Remember the Panama Papers? It detailed numerous accounts of offshore LLPs setup solely for the purposes of tax avoidance. I know that (or least I think we do) that the IRS has in place a system of awards should someone/some group id tax avoidance schemes be identified to the IRS and tax revenues recovered.

This needs to be beefed up in serious terms, w/ severe tax penalties being imposed (seize estates if need be (this already happens w/ drug dealers today)), awards being massively increased and the authorities of independent entities increased so they can all go after these crooks instead of just the IRS.

To protect ourselves, thresholds be established so abuses won't occur during the execution of this new or enhanced process, such as estates over $100 Million dollars or more are subject to this kind of collection effort.
Once setup, a competent group of international tax lawyers, forensic accountants (all common US citizens) could work for our government (and us thus), and scoring a commission on recovered tax revenues. We all would win.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Savior of the World, hear my plea Achilleaze Jan 2019 #1
...ironic isn't it. Ellipsis Jan 2019 #2
Cozmically ironic Achilleaze Jan 2019 #3
This! Anon-C Jan 2019 #5
It certainly puts a twist on the second coming of christ. Ellipsis Jan 2019 #30
Howling with laughter malaise Jan 2019 #4
and I yours Ellipsis Jan 2019 #29
Thanks malaise Jan 2019 #32
Errr...that's not how it goes TrogL Jan 2019 #10
Somehow that does not translate well to Latin - but I bet it could hav a nice ring to it! csziggy Jan 2019 #27
Trump's massively complex conspiracy is unraveling... Read procon Jan 2019 #6
I love/hate this story superpatriotman Jan 2019 #7
I know what you mean! Pacifist Patriot Jan 2019 #21
you're not looney, they're extra greedy Hermit-The-Prog Jan 2019 #38
Psy-Group scumbaggery superpatriotman Jan 2019 #8
Did anybody check under the sofa cushions? tclambert Jan 2019 #9
Okay my mind is spinning yet again PatSeg Jan 2019 #11
If somebody wrote a book murielm99 Jan 2019 #13
And how many volumes would the book have to be?! Pacifist Patriot Jan 2019 #20
Seriously PatSeg Jan 2019 #23
Oh, I agree PatSeg Jan 2019 #22
K & R malaise Jan 2019 #12
I hate it when that happens matt819 Jan 2019 #14
Fascinating. I just recently rewatched this auction on YouTube. Mrs. Overall Jan 2019 #15
These wealthy people and their attempts to launder dirty money/pass dirty money to each other/... SWBTATTReg Jan 2019 #16
damn!, Damn!, DAMN!!! OneBro Jan 2019 #17
Oh my. . . matt819 Jan 2019 #18
"...until it eventually sold for a mere 45 Pounds at a Sotheby's auction in 1958" sandensea Jan 2019 #19
K/R BadgerMom Jan 2019 #24
Thanks for sharing, this is a good read. Hotler Jan 2019 #25
I can't find a single reputable broad-based news source reporting on this. TygrBright Jan 2019 #26
Pearls before swine Blue Owl Jan 2019 #28
I don't think the painting existed...I think this was all a scam to launder money cbdo2007 Jan 2019 #31
K&R Scurrilous Jan 2019 #33
their have been several deep dives into the Dmitry Rybolovlev/Yves Bouvier saga dixiegrrrrl Jan 2019 #34
Bank of Cyprus -Dimitry-Wilbur Ross-Putin connection: dixiegrrrrl Jan 2019 #35
Thanks for posting dixiegrrrl. Ellipsis Jan 2019 #37
Have you ever read this book? UpInArms Jan 2019 #39
Wow....sounds like a good read. dixiegrrrrl Jan 2019 #40
It is riveting UpInArms Jan 2019 #41
Just bought a hardbound copy for 5.00 on amazon dixiegrrrrl Jan 2019 #43
Me, too, on buying used UpInArms Jan 2019 #44
big enough and complex enough to succeed Hermit-The-Prog Jan 2019 #36
We're all living in a Robert Anton Wilson novel... First Speaker Jan 2019 #42
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