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In reply to the discussion: Massive leak exposes how the wealthy and powerful hide their money [View all]Octafish
(55,745 posts)144. Lucy KOMISAR has been at the forefront of Offshore Banking...
Rather than the relative crumb off their table they would pay in income taxes, many, if not most, of the nation's elite elect to shield their wealth offshore.
An important resource for those interested in tracking the tax cheats -- the traitors I call the BFEE:
The Komisar Scoop.
Something Democrats, in particular, should remember when forming the party platform:
Marching Toward Greater Inequality
The Tax Havens of the Super-Rich
by SAM PIZZIGATI
CounterPunch
July 30, 2012
EXCERPT...
Maybe the rich are simply living large, wasting their astronomical incomes on caviar, private jets, and other luxuries. But wasteful consumption cant explain the inequality paradox either. Deep pockets in Americas top 0.01 percent could shell out $5,000 every single day of the year and still have 93 percent of their annual incomes left to spend.
So what in the end can explain the inequality paradox? The London-based Tax Justice Network has an answer. The worlds super rich, the group has just reported, are squirreling away and concealing phenomenal quantities of their cash in secret global tax havens.
The Networks new tax-dodging study conservatively computes the total wealth stashed in these havens at $21 trillion. That total could plausibly run as high as $32 trillion.
Americans make up, we know from previous research, almost a third of the global super rich. That would put the American share of unrecorded offshore assets as high as $10 trillion.
CONTINUED w LINKS...
http://www.counterpunch.org/2012/07/30/the-tax-havens-of-the-super-rich/
The Tax Havens of the Super-Rich
by SAM PIZZIGATI
CounterPunch
July 30, 2012
EXCERPT...
Maybe the rich are simply living large, wasting their astronomical incomes on caviar, private jets, and other luxuries. But wasteful consumption cant explain the inequality paradox either. Deep pockets in Americas top 0.01 percent could shell out $5,000 every single day of the year and still have 93 percent of their annual incomes left to spend.
So what in the end can explain the inequality paradox? The London-based Tax Justice Network has an answer. The worlds super rich, the group has just reported, are squirreling away and concealing phenomenal quantities of their cash in secret global tax havens.
The Networks new tax-dodging study conservatively computes the total wealth stashed in these havens at $21 trillion. That total could plausibly run as high as $32 trillion.
Americans make up, we know from previous research, almost a third of the global super rich. That would put the American share of unrecorded offshore assets as high as $10 trillion.
CONTINUED w LINKS...
http://www.counterpunch.org/2012/07/30/the-tax-havens-of-the-super-rich/
Tried bringing this up now and again on DU: http://www.democraticunderground.com/10021051567
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Jackson Stevens ties also to the Clintons, Alltel, Systematics, Beverly Enterprises
LiberalArkie
Apr 2016
#31
wondering how long it will be before the clintons and their foundation are implcated
Ferd Berfel
Apr 2016
#129
I don't think they will be and if they were it would not make any difference at all.
LiberalArkie
Apr 2016
#131
The way I see it is that most of the HRC supporters are for big business less regulation.
LiberalArkie
Apr 2016
#135
Of course not, it'll be all 'we had NO idea what that investment firm was up to, we're as outraged
AtheistCrusader
Apr 2016
#133
Leak from just one firm. Imagine what the rest of them have, helping offshore tax dodgers?
Octafish
Apr 2016
#16
As Ambassador DeSadesky said: ''That is an astonishingly good idea you have there, Doctor.''
Octafish
Apr 2016
#71
Bumping, in response to the DU'er who dissed Octafish some time back on one
silvershadow
Apr 2016
#5
Panama Papers: Iceland’s prime minister had offshore holdings in collapsed banks
bemildred
Apr 2016
#6
Yeah, I think our media is working overtime to cover up the Americans involved.
fasttense
Apr 2016
#117
'The story behind the #PanamaPapers?' tweets Edward Snowden. 'Courage is contagious.'
Octafish
Apr 2016
#68
Panama papers: Biggest data leak in history exposes offshore holdings of 12 current and former world
bemildred
Apr 2016
#9
Ted Cruz just named Phil Gramm his economic advisor. Here's Gramm's economic legacy:
KoKo
Apr 2016
#154
Phil Gramm toils at UBS with Bill Clinton in WEALTH MANAGEMENT (cough OFFSHORING?).
Octafish
Apr 2016
#156
More than half companies listed in #PanamaPapers are registered in British-administered tax havens
LiberalArkie
Apr 2016
#11
2.6 terabytes, 11.5 million documents, and 214,000 shell companies. Details
LiberalArkie
Apr 2016
#14
Panama Papers: Mossack Fonseca leak reveals New Zealand used to keep tax secrets
bemildred
Apr 2016
#15
This is one reason that going after "Wall Street" is like regulating buggy whips...
Sancho
Apr 2016
#19
You are right about the need for "stronger agreements and cooperation with other governments" but
pampango
Apr 2016
#82
Wouldn't be surprised CGI donors on this list awa in the Unaoil/Ahsani bribe machinery
stuffmatters
Apr 2016
#44
Wonderful Octafish! This will take a while....you bring the good stuff! Thanks! nt
haikugal
Apr 2016
#41
They're not hoarding it or stashing it on an island - they're hiding the flows
muriel_volestrangler
Apr 2016
#80
Zeitung responce to lack of U.S. individuals in the docs, saying "Just wait for what is coming next"
krawhitham
Apr 2016
#46
Certainly does. Remember how Princess Christina of Spain is under indictment for tax evasion?
Octafish
Apr 2016
#99
UBS one of the 10 Banks that Requested the Most Offshore Companies for Clients
Octafish
Apr 2016
#149
This isn't news, this is information. None of this is a shock or scandal to anyone who is
underahedgerow
Apr 2016
#70
So these are all the non-U.S. tax dodgers in just one (smallest) of the top four
valerief
Apr 2016
#93
and in 1987 reagan repealed the fairness doctrine and a CIA connected company
certainot
Apr 2016
#118
Over 200,000 shell companies are involved in the Panama Papers leak — here's why that's a big deal
bemildred
Apr 2016
#115
The Nazi, CIA And Nevada Connections... And Why It's Now Rothschild's Turn
Ichingcarpenter
Apr 2016
#120
K&R#199 Catherine Austin Fitts was revealing some of the structures from that Reagan/Bush/Clinton
bobthedrummer
Apr 2016
#126
Sirota: Hillary Pushed Panama Free Trade Agreements Amid Warnings this Would Happen
berni_mccoy
Apr 2016
#147
Foreign Policy asks: Will the ‘Panama Papers’ Bring Down Ukraine’s Chocolate King?
Octafish
Apr 2016
#155