Author Topic: Panama Papers Discussion  (Read 2775 times)

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Offline Ultimate Paragon

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Re: Panama Papers Discussion
« Reply #1 on: April 04, 2016, 05:40:34 pm »
Could someone please summarize this thread topic for me? I'm curious about it, and ultie is on my ignore list.

Offline ironbite

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Re: Panama Papers Discussion
« Reply #2 on: April 04, 2016, 05:44:07 pm »
Basically it's one of the biggest data leaks and basically shows how the super rich have been manipulating the global economy to suit themselves.  Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.

Ironbite-that summarized enough for ya?

Offline Art Vandelay

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Re: Panama Papers Discussion
« Reply #3 on: April 04, 2016, 05:47:47 pm »
Basically, rich people use offshore banking to dodge taxes.
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Offline SCarpelan

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Re: Panama Papers Discussion
« Reply #4 on: April 04, 2016, 06:14:41 pm »
The big thing here is that the leak gives us names. Everyone knows rich and influential people in general use tax havens but now there is evidence connecting individuals to tax evasion. That can result in actual consequences to these people and can result in policy changes.

Also, Nordea is the biggest bank in Nordic countries and it will be interesting to see if it getting caught assisting tax evasion has any more serious consequences than its credibility getting wrecked temporarily.

Offline Ultimate Paragon

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Re: Panama Papers Discussion
« Reply #5 on: April 04, 2016, 06:24:51 pm »

Offline Eiki-mun

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Re: Panama Papers Discussion
« Reply #6 on: April 04, 2016, 07:17:44 pm »
You're all deluded if you think there's going to be any real change from this. A few scapegoats are going to be named, a few public figures who can afford to fall, and they will fall, and then business will continue as usual.
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Offline dpareja

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Re: Panama Papers Discussion
« Reply #7 on: April 04, 2016, 08:08:40 pm »
http://www.cbc.ca/news/business/panama-papers-business-reaction-1.3519525

Royal Bank of Canada: Foreign incorporation (on behalf of our clients) is completely legitimate and we have high standards to make sure everything's on the level and there's no tax evasion!
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Offline mellenORL

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Re: Panama Papers Discussion
« Reply #8 on: April 04, 2016, 08:10:01 pm »
There's a story out all over today that shivved Putin, citing this leak, inserted in a more in-depth story about how Vlad uses his buddies as money puppets to hide all the billions he's stolen.
« Last Edit: April 04, 2016, 08:11:33 pm by mellenORL »
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Offline dpareja

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Re: Panama Papers Discussion
« Reply #9 on: April 04, 2016, 08:12:27 pm »
There's a story out all over today that shivved Putin, citing this leak, inserted in a more in-depth story about how Vlad uses his buddies as money puppets to hide all the billions he's stolen.

Be careful with talking shit about Putin, he'll have you arrested for treason.
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It doesn't concern you, Sister, that kind of absolutist view of the universe? Right and wrong determined solely by a single all-knowing, all powerful being whose judgment cannot be questioned and in whose name the most horrendous acts can be sanctioned without appeal?

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Being required by someone else’s religious beliefs to behave contrary to one’s sexual identity is degrading and disrespectful.

Offline Tolpuddle Martyr

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Re: Panama Papers Discussion
« Reply #10 on: April 04, 2016, 08:17:22 pm »
You're all deluded if you think there's going to be any real change from this. A few scapegoats are going to be named, a few public figures who can afford to fall, and they will fall, and then business will continue as usual.
Yep, there'll be as much justice and retribution that was passed out in the banking crisis.

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Re: Panama Papers Discussion
« Reply #11 on: April 04, 2016, 09:33:40 pm »
Basically it's one of the biggest data leaks and basically shows how the super rich have been manipulating the global economy to suit themselves.  Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.

Cool.

Offline Askold

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Re: Panama Papers Discussion
« Reply #12 on: April 05, 2016, 12:45:16 am »
Russia is now claiming that this is a direct attack against Putin aiming to discredit him. ...Because obviously USA (The usual suspect) would sacrifice all these other people as well just to hurt Putin a bit.

In Finland lots of people are moving their accounts from Nordea to other banks and at least one of the major political parties is joining this boycott.
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Offline Ultimate Paragon

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Re: Panama Papers Discussion
« Reply #13 on: April 05, 2016, 04:14:49 pm »

Offline TheContrarian

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Re: Panama Papers Discussion
« Reply #14 on: April 06, 2016, 02:18:28 pm »
It'll embarrass some big names but if you're looking for legal consequences, I wouldn't get your hopes up.  Mainly because this information was obtained illegally and it's pretty much inadmissable in any court that isn't in a shitty country with a "President for life"...


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