The Panama Papers

Mena

Anyone reading the fallout from the Panama Papers investigation? Billions of dollars in offshore businesses and accounts, corruption at the highest of levels. With this publication, will anything change?

Amazing stuff to read.

http://www.irishtimes.com/business/panama-papers/panama-papers-the-secret-offshore-world-of-the-global-elite-1.2595138

http://www.theguardian.com/news/2016/apr/03/the-panama-papers-how-the-worlds-rich-and-famous-hide-their-money-offshore?CMP=fb_gu

josip

This is going to be massive, if not already.
Putin will have everyone in that company glowing in the dark for this.
The other dictators will probably opt for a more traditional offing.

The_Valeyard

Would love if certain high profile Irish media moguls and politicians appeared in this. Give me something good to b*tch about for weeks.


Wonder how the breach happened?

The flying mouse

Germany’s Süddeutsche Zeitung (SZ) has released the biggest leak in journalistic history, posting 11.5 million documents from a Panamanian law firm online and providing “rare insights into a world that can only exist in the shadows.”

SZ said it received the law firm’s documents a year ago from an anonymous The leak claims to expose the offshore holdings of 12 current and former world leaders and provides data on the financial activities of 128 other politicians and public officials from different countries.source who “wanted neither financial compensation nor anything else in return.”


https://www.google.es/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjbxePKnvPLAhVJORQKHfn7BE0QqQIIHTAA&url=https%3A%2F%2Fwww.rt.com%2Fnews%2F338270-panama-papers-corruption-report%2F&usg=AFQjCNGbvDTBnDQRFEZzh2i1Qf2pMyhEag&sig2=kHw9Co8AS0f6O-UCC1Vjqg

This is getting huge, even though its no surprise really is it ? Multi wealthy people try to hide there multi wealth even more...

ongarite

Messi involved in this too.
After all the legal trouble he has had with his father hiding money from Spanish governments.

The Barcelona star, a five-time world player of the year, is already under indictment in Spain on charges that he and his father, Jorge Horacio Messi, used offshore companies in Belize and Uruguay to stiff the government out of millions of dollars in taxes.

The leaked documents show that Messi and his father owned yet another offshore company in Panama: Mega Star Enterprises.

mzungu

Stories of Irish interest arising from this investigation will be published by The Irish Times over the coming days.

Wonder who is involved there.

Ken.

Mod-Fixed the links for you Mena.

PopePalpatine

I'm just waiting for the libertarian apologetics to begin.

liam7831

Is that short for Philomena?

thomasj

https://panamapapers.icij.org/the_power_players/

Ghost Train

Well organised release of the news, must have plenty of stories ready to publish in next few days

https://www.youtube.com/watch?v=F6XnH_OnpO0

ThisRegard

mzungu wrote: »

Wonder who is involved there.

Probably just companies or organisations using their services, boring stuff most likely.

Details can be found here.

http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3c3495adf4/

I bet that no one goes to jail for this. Many of these people are above the law!
Which country will be the new "tax dodge city", these people treat tax dodging as a legitimate process and that only the little people pay taxes.

thomasj

From the BBC website
The documents show links to 72 current or former heads of state in the data, including dictators accused of looting their own countries.

token101

Deleted User wrote: »

I bet that no one goes to jail for this. Many of these people are above the law!
Which country will be the new "tax dodge city", these people treat tax dodging as a legitimate process and that only the little people pay taxes.

Ireland?

ongarite

Icelandic PM has resigned already.
Quarter of his cabinet involved in this too.

My name is URL

Apparently the Icelandic PM has already resigned due to this

https://twitter.com/pzf/status/716725878877765633

You wouldn't see that in Ireland

Mena

ken wrote: »

Mod-Fixed the links for you Mena.

Thank you. Posted from the darn iPhone.

token101

token101 wrote: »

Ireland?

If you consider the number of multinational companies that have their headquarters here, you could be correct!

KingBrian2

My name is URL wrote: »

Apparently the Icelandic PM has already resigned due to this

https://twitter.com/pzf/status/716725878877765633

You wouldn't see that in Ireland

The Icelandic PM felt the need to resign. Signs that the country has not got over the banking crisis it endured.

NIMAN

I have no doubt no-one with see jail time over this.

Why are the mega rich not happy being mega rich and want more?

twinytwo

My name is URL wrote: »

Apparently the Icelandic PM has already resigned due to this

https://twitter.com/pzf/status/716725878877765633

You wouldn't see that in Ireland

Sure dont you know politicians in Ireland are above the law.... such things are only for us mere plebs!

Where the excuse "sure I didnt know" is enough to absolve oneself of all reponsability.

I mean when a TD can openly commit purgery and then attempt to interfere with the justice system and nothing gets said to him you can be rest assured something like this will just be brushed under the rug.

A Dub in Glasgo

against wall the shot should they be

NIMAN

A Dub in Glasgo wrote: »

against wall the shot should they be

You're right there, Yoda

alma73

ongarite wrote: »

Icelandic PM has resigned already.
Quarter of his cabinet involved in this too.

Now that is big.... How many lefties saying ireland should have followed iceland and now we see that iceland lefties were just as corrupt.

Its like Mary lou who say she cares for the low paid, yet she and her hubby earn 200k+ a year..

Princess Consuela Bananahammock

Call me a cynic, but I can almost see and politicians shrugging and mehing over this. If somoene from a non-Scandanavian Westen country even makes it to trial I'll be amazed.

They have plans to stop this from ever hurting them - that's why they are wheer they are.

NIMAN wrote: »

I have no doubt no-one with see jail time over this.

Why are the mega rich not happy being mega rich and want more?

Homer: You know, Mr. Burns, you're the richest guy I know. Way richer than Lenny.
Mr. Burns: Yes, but I'd trade it all for a little more.

BoJack Horseman

Princess Consuela Bananahammock wrote: »

Call me a cynic, but I can almost see and politicians shrugging and mehing over this.

Mostly so, yes.

But prosecutions may well occur... but it will depend from country to country.
The act of having money in accounts in other countries is not in itself illegal everywhere.

maudgonner

Fair play to the news organisations involved. It's great to see that even in the era of clickbait internet 'journalism' there is a place for in-depth long form investigative reporting.

11.5 million documents - 214,000 companies covering a period from the 1970s right up to date. Some task to analyse that, and I'm sure they had to be scrupulous to cover themselves legally too.

Rattlehead_ie

maudgonner wrote: »

Fair play to the news organisations involved. It's great to see that even in the era of clickbait internet 'journalism' there is a place for in-depth long form investigative reporting.

I'm just glad it's not called 'Panama-gate' :P

maudgonner

Rattlehead_ie wrote: »

I'm just glad it's not called 'Panama-gate' :P

Maybe '-canal' will become the new '-gate' now for big scoops?

DamagedTrax

in case it isnt out yet.

Pegasus Trust
30 Botanic Avenue, Drumcondra,
Dublin 9, Ireland
Tel:+353 1 7978930
Contacts:
Robert Becker (email: rbecker@pegasus.ie)
Paul McKenna (email: pmckenna@pegasus.ie)

The numbers are crazy. The Wikileaks was in the single digits of GB. This is 2.6 terabytes. That's 1000x bigger.

josip

Reality TV.
http://www.theguardian.com/world/video/2016/apr/03/icelands-prime-minister-walks-out-of-interview-over-tax-haven-question-video

Rumors that Iceland might arrest their prime minister like they did corrupt bankers.

Ghost Train

Deleted User wrote: »

The numbers are crazy. The Wikileaks was in the single digits of GB. This is 2.6 terabytes. That's 1000x bigger.

Would think a big chuck of that could be legal terms and conditions and confidential warnings a the end of each email

TallGlass

This type of tax avoidance has always amazed me. Really, I can't understand it. Billion dollar companies, millionaires all seem to go above and beyond to hide cash/pay no tax.

Hording money, I mean there not spending it. Mean while people like myself PAYE, paying quite alot on what is very little money.

They are pure and simple draining the system, what use is billions hoarded away, governments can't get the money to spending and place it back into the system, public services etc.. Mean while the place is bursting for investment, all services are affected. Then the people like me at the bottom are hit again, to fund the broken system.

Look at the likes of Africa, completely broken due to greed, and for what when you think about it? Too get a place on a top 100 rich list.

No body wants to pay tax, but it is what it is and it needs to be paid for the place to function, hoarding away cash youll never likely spend into the billions is bizarre. Then again I am not in them circles, so I couldn't imagine the thought process behind it.

ArtSmart

Wonder why the German paper waited a year to share this info? Did they give a reason?

20Cent

ArtSmart wrote: »

Wonder why the German paper waited a year to share this info? Did they give a reason?

Due to the amount of data to go through.

MattHelders

Worried about the lack of US folk on the list. The guys who are publishing this are funded by various large US companies

MacauDragon

MattHelders wrote: »

Worried about the lack of US folk on the list. The guys who are publishing this are funded by various large US companies

Something to think about alright.

Convenient when all the pitchforks start moving in the direction of your enemy/pawn you've just sold out.


Oooh look what he did. You should go get him.

jamo2oo9

MattHelders wrote: »

Worried about the lack of US folk on the list. The guys who are publishing this are funded by various large US companies

It's only the tip of the iceberg. I'd imagine they are rolling it out in phases, starting with people that are most likely to be corrupted i.e. ME leaders. Iceland's PM was a surprise. Time will tell.


I really am hoping that there are a few Irish people on it. Denis O' Brien is probably on it but will sue the papers for slander or some shít seeing that's his style.

Esel

Included in the leaked documents are sales promotion agreements an Irish-registered company with an address in Drumcondra, Dublin, has signed in relation to arms and other deals in India, the Philippines and elsewhere, often involving commission-sharing deals with offshore companies.

Wonder if the maffia is involved?

Never mind horses - think horse's head.

20Cent

20Cent wrote: »

Due to the amount of data to go through.

300 journalists going through it according to the video.

I'm sure they don't start at page 1. Basically search for all names in the public interest and go from there.


No Irish people mentioned yet.
https://en.wikipedia.org/wiki/List_of_people_named_in_the_Panama_Papers
https://panamapapers.icij.org/the_power_players/


It's quite clear already that the media involved are shaping up for this to be absolutely massive.

touts

Esel wrote: »

Wonder if the maffia is involved?

Never mind horses - think horse's head.

Well it looks like some of Fine Gael's "advisors" were hanging around in Druncondra and it wasn't for spying on Bertie. http://www.irishtimes.com/business/retail-and-services/frank-flannery-unable-to-explain-documents-on-250-000-deposit-1.2597000

https://www.reddit.com/live/wp1fvdxxwb45/

Convenient.. Two stories from Ireland just up.

mansize

1996 where would a FG advisor come into money then...

http://www.theguardian.com/news/2016/apr/03/iceland-pm-calls-snap-election-offshore-revelations

Icelandic PM getting interviewed doesn't realise he's about to get asked about it.. Talk about squirming. Then walks out.

Esel

What???

Iceland 3 Ireland 0 . . . . . . Victor Meldrew

And only MMates and Cammie's da?

Based on current info, this looks like a Yankee smear job. Where is Manuel these days anyway? Is he even still alive? If so, is he well - or even doing OK?

Esel

No Bart?
No Al?
No CJ? (I didn't get where I am today...)
No Yamon? (or golden share descenders)
No Denises?
No Jerry?
No Jackie?
No Sleeveen?
No Gombeen?
No Johnny?
No Larry?
No Liam? What's your handicap these days anyway?

Looks like we will have to wait for the real leaks.

Esel

DamagedTrax wrote: »

in case it isnt out yet.

Pegasus Trust
30 Botanic Avenue, Drumcondra,
Dublin 9, Ireland
Tel:+353 1 7978930
Contacts:
Robert Becker (email: rbecker@pegasus.ie)
Paul McKenna (email: pmckenna@pegasus.ie)

Ah, that's well fup duck
No docket no luck
Thought horse was flying
Now who is crying
No Royal Canal
Totally banal
Red Parrot, pint Bass
Not me, it's your ass

Let us all be frank
Don't use the same bank
Don't cross to St Luke's
If you have to puke
Just swallow it back
It might taste like cack
Don't do a U-turn
Adjourn and adjourn