And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.

I used to work in a offshore banking jurisdiction.  I used to daydream about doing this.   However nothing will happen.   Sadly, like the war on drugs the people on top are making money.

I also love how many guys gave up their US citizenship before Facta came into effect.   They would have to start paying taxes if they just declared it in 2009, if you didn't in 2011 you owed back taxes.   Boom the rats jumped ship.   http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compli a nce-Act-%28FATCA%29   With all this proof now the IRS can go after those men/women even if they are in Europe!     LOng arm of the law biatches.

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compl ia nce-Act-%28FATCA%29

Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.

The only person likely to go to jail is the one who leaked the info.  If you're rich, you're untouchable.

United States
Denise Rich
Songwriter

Couldn't give us someone a little more connected?

Not enough higher profile names of North Americans on the list in the article.

Oh and heres every politician who owns a stake in the Keystone, Enbridge tar sands oil pipelines

U.S./Canada congress.
U.S./Canada senate.
Canada number 1 sweatervest man, Jaques Poutine.

Oh wait a second. They deny any knowledge, so instead every single one of their accountants and lawyers who created the blind trusts can go to prison instead.
Justice served. Close enough. Executions for their destroying economies, optional.

justtray: Lost Thought 00: Offshore shell companies shielding money from local taxes are not illegal. At least not in the US.

Tax evasion is illegal in the US.

But tax avoidance is not.  "The legal right of an individual to decrease the amount of what would otherwise be his taxes or altogether avoid them, by means which the law permits, cannot be doubted."

journalists will use this information to leverage a higher paycheck to keep quiet because there's no such thing as investigative journalism anymore?

SS DD.

This has been going on since the Rothschild's, at least.  Maybe the Medici's.

The only thing this will be useful for is when the credit card house falls, we'll be able to identify the financial corpses.

whither_apophis: hubiestubert: Good luck with that. No, really, I wish them luck, but I have a feeling that the folks that might be compromised are already lawyered up beyond much hope of touching them...

That's why it went to journalists not the DoJ. Court of public opinion doesn't give a rat's a$$ about laywers. The less you say, the guiltier you are.

Problem is the court of public opinion doesn't give a rats ass about facts, because public opinion is determined by clueless idiots.

Look at this thread. There is already an assumption that nothing will come from this, because the criminals are too powerful. Of course, the more likely reason for a lack of prosecutions is that no crimes were committed or can be proven. But conspiracy delusions are more appealing to the simpleminded.

That said, tax cheats should be pursued and prosecuted.

nocturnal001: And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.

You already paid to bail out their companies and give them bonuses, i don't kow why you'd suddenly get upset now.

Debeo Summa Credo: Look at this thread. There is already an assumption that nothing will come from this, because the criminals are too powerful. Of course, the more likely reason for a lack of prosecutions is that no crimes were committed or can be proven. But conspiracy delusions are more appealing to the simpleminded.

That said, tax cheats should be pursued and prosecuted.

Well in fairness, we caught a bank laundering money for drug cartels and the entire fallout was a fine of about 10% of their entire take of the illegal cash. We were told this was a great victory.

Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.

Paging Mr. Bill...Mr. Dollar Bill...you're needed at the White House and Capitol...please bring bribes...Paging Mr. Dollar Bill

Bribes will be paid. Commissions launched. Pardons signed. Just ask SOVIET SPY  Armand Hammer.

wildcardjack: So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately.

Yeah because that was going to happen.

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.

Do you really think it matters? Do you really think the DoJ in the US or Canada would move on this, even if it was done scrupulously through all the correct channels? Court of public opinion is basically the only place you can touch these people.

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.

Fark them. They were going to sit on their ass and do jack shiat anyway.

Link is coming up blank.  Did anyone actually read this one?  Is there anything actually there?

I guess we're going to war with North Korea sooner than later.

jaybeezey: nocturnal001: And yet we absoloutely need to give the top .1% a tax cut and make the freeloading middle class pay more.

You already paid to bail out their companies and give them bonuses, i don't kow why you'd suddenly get upset now.


I've been upset the whole time. Particularly as somebody in the second highest bracket that get's to listen to people in lower brackets bemoan how unfair it is that the rich guys are being screwed over.

Me - It's crap that somebody like Romney pays just 14% (likely much less most years)
Derp - Well whatever, he paid a total dollar amount much more than you did so STFU
Me - Umm, ok well you do realize that I paid a higher % than you AND a higher dollar amount
Derp - Cry me a river guy! Boo hoo, poor you.

A more useful link...  http://www.spiegel.de/international/business/icij-journalists-expose- m ass-web-of-global-tax-evasion-a-892505.html

The Kleptocracy is not amused.

Take care, journos

rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.

Which Mongolians?

Priapetic: rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.

Which Mongolians?

I think the resignation was related to a wall tearing-down incident -- not money laundering.

Priapetic: rumpelstiltskin: Already a top Mongolian lawmaker has resigned. The dominoes are falling.

Which Mongolians?

The stupid ones that tore down the shiatty wall...

wildcardjack: Pretty simple for the lawyers. Argue that any data breach represents a felony per the DMCA and Sarbanes Oxley and represents a violation of 4th amendment rights once prosecutors look at it in relation to your private business dealings, many of which represent lawyer-client privileged information and in general "fruit of the poisoned tree".

So, thanks Investigative Journalists. Now the prosecutors can't move forward with any of this information, even if they were to go and obtain it legitimately. Your copy can only be used as hearsay in court and damaged goods in seeking search warrants.

Hmm.  Any particular reason Burdeau v. McDowell, 256 U.S. 465 (1921) wouldn't apply?

http://american-civil-liberties.com/cases/3261-burdeau-v-mcdowell-25 6- us-465-1921.html

Pocket Ninja: The fact that this is being greenlit to such a high-traffic region of Fark as the business tab is plenty of evidence for how seriously this will be taken.

You're here, PN, and that's all that really matters, right?