The Panama Papers

[BraveUlysses]

it's not necessarily illegal, but this specific example is dishonest.

I itemize my deductions to minimize my taxable income - any sane person would do so. However, the difference is I don't hide income sources & use shell companies to make it look like my income is less than it really is.

the irony is, you guys are sticking up for them - but the people they are screwing is all of us, and I don't mean just me and my fellow "socialists" (lol, nice insult - anyone who doesn't agree, must be a socialist).

Not to mention, you don't get any real say in or benefits from the rules and exceptions that the wealthy lobby for.

[gwb72tii]

it's not necessarily illegal, but this specific example is dishonest.

I itemize my deductions to minimize my taxable income - any sane person would do so. However, the difference is I don't hide income sources & use shell companies to make it look like my income is less than it really is.

the irony is, you guys are sticking up for them - but the people they are screwing is all of us, and I don't mean just me and my fellow "socialists" (lol, nice insult - anyone who doesn't agree, must be a socialist).

not defending anyone that does anything illegal, thanks
as i said before they s/b hung by their thumbs

[Kershaw]

the irony is, you guys are sticking up for them - but the people they are screwing is all of us, and I don't mean just me and my fellow "socialists" (lol, nice insult - anyone who doesn't agree, must be a socialist).

That's honestly what I don't get. It's like defending the bully while he's punching them, blindly repeating, "might makes right, he's allowed to do this."

I just don't get it. Different set of principles, I guess.

[marshallnoise]

There are victims and then there are people who refuse to be victims.

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[Kershaw]

And then there are people who are in denial.

[Kershaw]

http://www.theguardian.com/world/2016/apr/14/us-corporations-14-trillion-hidden-tax-havens-oxfam

More information on the legal "profit shifting" that corporations do to reduce their taxes.

“For every $1 spent on lobbying, these 50 companies collectively received $130 in tax breaks and more than $4,000 in federal loans, loan guarantees and bailouts,” said Oxfam.

I also thought this article, filled with quotes from ordinary people around world was interesting.

http://www.theguardian.com/world/2016/apr/14/if-only-ordinary-citizens-pay-tax-there-will-be-a-revolt-panama-papers-reaction

As a middle class taxpayer, who plays by the rules, I feel I have been treated unfairly. Tax avoidance has pushed the burden for paying for essential government services – the police, fire, utilities, infrastructure – on to people like me. As James Henry says: “if ordinary people are the only ones paying taxes, then you’ll have a tax revolt on your hands.” Joe Cook, United States

[Wschnitz]

http://www.nbcnews.com/storyline/panama-papers/irs-urges-americans-come-clean-now-we-read-panama-papers-n557246

[Kershaw]

I thought that was pretty hilarious. I wonder if anyone is going turn themselves in. The IRS is pretty relentless.

[kickinindian]

I'm waiting for Trump and the Clinton's to be on that list

[Wschnitz]

Don't think they would be directly on that list, I could see their "charities" employees/leadership being on it though.

[marshallnoise]

Slobbering.

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[supermansocks95]

It looks like the great Emma Watson is on the list, fellas. Luckily, it looks like it's nothing illegal. Can't let R3v's favorite girl go down, can we?

http://www.msn.com/en-us/movies/celebrity/emma-watson-named-in-panama-papers/ar-BBsT6CI?li=BBnb7Kz

[marshallnoise]

She can go down any time she likes. On an unrelated note, bwahahahahaha! Evil rich Republicans! Errrr.

[Dozyproductions]

Not this emma watson.

[marshallnoise]

http://www.foxnews.com/politics/2016/05/27/key-hillary-supporters-offshore-dealings-surface-in-panama-papers.html