The Glade 4.0

Looks like a ton of rich europeans got caught hiding their cookies in offshore BVI cookie jars. Also, ties to terr'sm.

Thoughts?

_________________

Holy shitsnacks!

Well, you'd get the impression from reading the reactions to this that the people involved in it had done something illegal.

A few thoughts:
- Tax Avoidance is not a crime. Tax Evasion is a crime. Tax Avoidance is the practice of keeping your money invested in things and places not subject to taxation (or subject to less taxation). This isn't wrong, it's simply smart. Putting money into a sheltered account like your 401K is tax avoidance. That's not immoral or criminal.

- Nothing Mossack Fonseca offers as a service is illegal. Privacy and anonymity are valuable resources that generally cost money. The wealthy should take advantage of these things if they can. So governments are making a very big deal out of this, because governments hate the privacy of private citizens. Governments want to know everything, and ensure they take their piece of the pie.

So all of that get countered with, "So how do we keep the bad guys from taking advantage of those same services?"

Yes, terrorists and organized crime would, of course, make use of such services, and could easily do so without a firm like Mossack Fonseca even knowing that they're assisting illegal organizations. (Of course, if it could be found the firm were knowingly aiding and abetting terrorism or organized crime, that's a whole new issue. Edit: And it does appear this is true. That is seriously problematic -- they need to do a much better job of screening their customers.)

Of course, the same arguments can be made for and against wire tapping, strong encryption, and other privacy vs. security issues all the time. Some people say a balance needs to be struck, I just happen to think that that balance needs to be as far toward the individual private citizen as possible.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

There are certainly some indications of things being very illegal, that should be investigated. The easiest evidence of wrongdoing that you can find is in a series of transactions. For example, in the report I heard there was an asset purchased for $1, and sold 3 months later for $100 million or so. Pretty blatant money laundering.

_________________

Holy shitsnacks!

Money laundering is attempting to disguise the illegal origin of money, not artificially inflating the value of things.


The transaction in question might or might not be money laundering depending on the origin of the funds in question. It might or might not also be illegal for some other reason, but artificially distorting the value of assets is not, in and of itself, money laundering.

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Here's a shipment of cocaine, and $1 in exchange for that house.

It's certainly something to look into. That sort of profit margin on an asset smells bad.

It is without a doubt suspicious, but it is quite possible it could be illegal in all sorts of ways besides just money laundering - or not illegal at all.

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Every year I (along with every other one of the 50,000+ employees at the bank I work for) have to take an "AML" (Anti-Money Laundering) refresher course on what money laundering is and how to spot it, and what the laws and company regulations surrounding it are.

As I work in their IT department, I'm never in a position to actually need this training. However, if I somehow acquire a large source of illicit funding, I am now fairly well equipped to hide its origin.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

This story is nothing more than: "Be t3h OUTRAGE!!!!11!one11!!!1! about other people's wealth!!!"

I will not be.

_________________

Ezekiel 23:19-20 

Nah. Its more like "PAY YOUR **** TAXES YOU RICH ****!!!"

The rest of us have to. Especially if we can't afford to offload our moneys to shell corporations in tax havens.

_________________

Holy shitsnacks!

I highly doubt much of the Panama Papers will result in people being charged with Tax Evasion. Because they didn't. Tax Avoidance is legal, Tax Evasion is not.

The primary concern is the illegal activities that may have been financed this way.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

There's plenty of ways you can avoid taxes too. The best one even involves having sex; much more exciting that offshoring.

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Yeah, and not only do you selfish mother **** get a tax break, but the rest of us have to fund schools for your crotchspawn.

_________________
Buckle your pants or they might fall down.

A) Get married
B) ****
C) have kids
D) get tax breaks

You have no one to blame but yourself here.

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Or, you could pay your fair share, rather than foist the cost of your children off onto everybody else.

_________________
Buckle your pants or they might fall down.

Only the rich have to pay their fair share. It's clearly in my social contract that I don't have to.

_________________
The Dude abides.

I am paying for my own kids. The tax break I get for having them doesn't change the fact that we don't receive anything in terms of services for them. My property taxes pay for their education; I pay for all their other needs. You might have a valid point about people that are living in WIC and food stamps and Medicaid, but my tax breaks just mean I am not paying for their kids in addition to my kids.

Also, you could stop complaining about having to pay your fair share for the kids that help keep us from being overwhelmed by muslims.

Note the muslim countries, and the Europeans.

Europe is importing more of a Muslim problem than just refugees. Those people have vastly different cultural values and attitudes than native Europeans - and a much higher rate of reproduction. What's our situation when the coutries we have the closest ties to start being governed by Muslims through democratic process?

If you want to complain about there being too many people in the world, the place to start addressing that is in countries that have too many people and too high a birth rate, not in Western nations who are going to need those babies just to keep up.

Otherwise, your concerns are eventually going to be drowned in a sea of Sharia law.

Quoting Charlie Hebdo on how that's happening. You may remember them?

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Bahahahaha

The Glade 4.0: The only place I go on the internet that gives me both feelings of "Wow, you are so right, I completely agree" and "What the **** kind of moron are you?" within the same 5 minute period: from the same poster.

note: I am not immune from the assinine postings either, it should just be our board motto.

_________________
Darksiege
Traveller, Calé, Whisperer
Lead me not into temptation; for I know a shortcut

Awww. Poor parents. Taxes are awesome as long as other people have to pay them.

_________________
Buckle your pants or they might fall down.

If you're not going to do you part by having kids, you can do your part by paying more in taxes. I'm not sure why you think I should be paying for everyone else's kids in addition to my own just because you haven't got any. No one's stopping you.

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Should pay more in taxes when you have kids not less.

lol no

_________________
"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

I disagree. If nobody has kids, the world would fall apart. Just look at Japan, their demographics and future economic prospects are ****. Effects of too much birth control, abortions, selfishness, and people waiting until the perfect time.



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