Names involved Iraqi figures, according to the documents Panama

[yota691]

Names involved Iraqi figures, according to the documents Panama (Details)

11-05-2016 01:14 PM    

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The deployment of the international coalition, told reporters investigative, Part II, of the documents Panama, which leaked from the company "Musak Fonseca" Law Firm in Panama. 

It includes the second part of the documents, published by the Coalition 0.214 thousand people, a new company, on its website, of which 17 thousand names British company, and 11 thousand Russian, and 8 thousand Emirati, 6 US thousands, 304 French, 200 German. 

the documents to the owners of front companies, founded in Hong Kong, the British Virgin Islands names, Panama, and Nevada, as stating that Musak Fonseka company kept the specificity between the years 1977 and 2015. 

the documents include, banks, and companies that played the role of mediator between "Moskak Fonseka", and their customers, is expected to announce the international coalition, told reporters investigative, from the rest of the documents first hand. names 

included names a number of Iraqi personalities:

 

Iyad Allawi

Iyad useful Rashid Mirza

Haidar Ismail

Hassan Abdul Majid

Shaker Asad Jabr Serail

Louay Rasheed

Abbas Abdulaziz

Ali Fadhil Abdul Rasul

Ali Mohamed Hussein Hadi Muzaffar

Manaf Shaykhli

Omar Sagban Khalibes

Asaad Ahmed Al-Saeed

Firas al-Taie

Marwan Shaykhli

My Hayam Mohammed Saleh

Mahdi Ibrahim

Zainab Hamid Majid Aqili

Omar Jabar Galatasaray

Walid Jabr

Asaad Said

Hind Ibrahim Ahmed Al-Saeed

Nuri Ali Karim

Azad Ali Hussein Ali

Ali Mohammed Baqir al - Hariri 

should be noted that the international coalition, told reporters Investigative able to reach nearly 11.5 million document belonging to the company "Musak Fonseca" law firm, and distributed them to media outlets in 80 different countries including Iraq, where he pointed out the documents published by international newspapers , including " The Guardian " The British and the " Sueddeutsche Zeitung "German, to the involvement of a large number of international figures , including 12 heads of state, including Iyad Allawi , a former prime minister, and political 143 acts are illegal , such as tax evasion and money laundering through companies" offshore. " 

companies or banks . " Offshore "is located outside the country of residence of the depositor institutions, and are often in low - tax or financial institutions are not subject to international scrutiny countries.

 

[Boozer]

One name is missing

[ChuckFinley]

That is exactly who I was looking for too.  

[jg1]

1 minute ago, ChuckFinley said:

That is exactly who I was looking for too.  

Me too. Maybe they are putting him a separate category. 

[yota691]

With all that Maliki done why would he be concern over tax evasion..with money he stole...Maliki doesn't qualify to be in this list....and GM DV..lol

[chinadawg]

He probably paid another crook to keep his name off the list.

[Synopsis]

23 minutes ago, chinadawg said:

He probably paid another crook to keep his name off the list.

That is what I was thinking.  Or, just thinking out loud, Maliki owns the "Musak Fonseca" Law Firm and takes his hefty cuts on the back end, too.  I'm pretty sure the man (Maliki) has no known lows to his corruption, sadly.

[Carrello]

Synopsis, you have an interesting theory.  I just never thought Maliki was that smart.  A crook?  Yes, but Bernie Madoff he ain't. I have thought for some time that Maliki, because of his position that could easily demand corruption (or see the consequences), and his ability to kill, torture, or unjustly incarcerate, aligned him with others that had the brains to fully to execute fairly sophisticated plans.  In other words, I think Maliki could be a puppet, but I don't know who the God Father is.  But Sonny was killed.  But Iran is so close, and Rajani & Family comes to mind.

 

Ol'e

Edited May 11, 2016 by Carrello

[Synopsis]

For those interested, here is an interesting read on the Panamanian law firm with it's seedy roots and practices:

http://www.mcclatchydc.com/news/nation-world/national/article69729322.html

The article states, "Fonseca was born in Panama in 1952 and studied law and political science at the University of Panama and the London School of Economics.  Mossack was born in Germany in 1948. He moved to Panama with his family in the early 1960s, according to his law partner.

Mossack’s father had been a member of the Waffen-SS, the notorious armed wing of the Nazi Party during World War II, according to U.S. Army intelligence files obtained by ICIJ.

After earning a law degree in Panama in 1973, the son worked for a time as a lawyer in London before returning to Panama to start the firm that he would later merge to form Mossack Fonseca & Co.

Mossack’s holdings, according to the files obtained by ICIJ, include a teak plantation and other real estate, an executive helicopter, a yacht named Rex Maris and a collection of gold coins.

Today, both partners move in the highest circles of Panamanian society.

As well as being a lawyer, Fonseca leads an equally high profile second life as an award-winning novelist. Among his books is “Mister Politicus,” a political thriller that, his literary website says, “articulates the tangled processes that unscrupulous officials use to gain power and achieve their detestable ambitions.”

In 1987, with Panama under the repressive rule of military dictator Manuel Noriega, Mossack Fonseca made its first big move abroad, establishing a branch in the British Virgin Islands, which a few years before had passed a law that made it easy to set up offshore companies without public disclosure of owners and directors."

 

[SnowGlobe7]

Panama? What say ye sarges gals???

[sandfly]

Thanks 

[yota691]

Experts call for international action against tax havens

 

 

5/12/2016 0:00  Abbah- agencies and  tax havens crisis turned into a global crisis, and is now threatening many countries, and also reveal other havens, and money laundering and tax evasion deep environments, often poor and distant countries are more havens safe financial filings for the rich and the men of the policy and sport , art , and others face tax crises in their countries.  in the context of the search for a global response to this crisis, approximately 300 economist has called for this week , the world 's governments to work for «strong moves to put an end to the era of tax havens». documentation Panama was the deployment of«documents Panama» last month has returned open the debate about the fairness of tax havens. And included infusion 11.5 million document obtained from the law firm in Panama, and describes how the world 's rich hide their money. The experts said in an open letter issued by the organization "Oxfam" charity before the anti - corruption summit in London that «the existence of tax havens does not add to the wealth or global welfare as a whole; it does not serve any economic purpose. » He urged British Prime Minister David Cameron and other leaders to use the summit to develop a « new global agreements on issues such as the deployment of general and detailed reports, including tax havens ». internal situation and added experts:» governments should arrange their own house by ensuring that all regions responsible for them to publish the information available about the owners / beneficiaries / true of any company or fund ». He urged the experts of the United Kingdom to take the initiative for being« host this summit and the State having sovereignty over about one - third tax havens around the world ». on the other hand , according to a report appeared a few days ago, and was based on leaks so - called« Panama leaves »that wealthy Latin America using fake companies and funds are exempt from tax in New Zealand to convert their money from around the world.mounts pressure on Prime Minister John Key Having analyzed the local media more than 61 thousand documents related to New Zealand are part of a much data was leaked from Musak Fonseca law firm based in Panama. And shed leaves Panama light on how to exploit the world 's wealthy foreign transactions companies. Secret high , said a joint report of the Radio and Television New Zealand and investigative journalist Nicky Hager said Musak Fonseca promoted to New Zealand as a good place for business activities because of the tax exemption there high and confidentiality and the security situation.Key said that the reference to New Zealand as a place tax exemption «absolutely untrue», adding that he is ready to change the rules relating to trust foreign advised him that if a review of the situation or the Organisation for economic co-operation and development. He told reporters «If there is a need to change that, the government will examine the matter and will take measures if necessary». Key said the government had asked the Justice Department to move quickly with respect to the rules that are being studied already tightened the anti-money laundering for lawyers, companies and accountants. Reputation of New Zealand , said the opposition Labor Party leader Andrew Little said the government must act «to protect the reputation of New Zealand to end the system that implicated our country in a large global network of tax exemption. » said the New Zealand government last month that it would begin a review of its own laws funds overseas after they shed leaves Panama highlighted the weaknesses in the legal framework to make them a potential destination for entities tax exemption because foreign funds are not subject to taxes. said James Shaw a the leaders of the Green Party , said the audit is not enough and called in order to «stop defending the tax exemption boxes» and student achievement overall.

[coorslite21]

 

 

 

 

Follow the money: inside the world's tax havens

From the Cayman Islands to Jersey, tax havens are busier than ever – a secretive world of offshore accounts and shell companies. Nothing to do with you? Then you win my Hermit of the Year prize

Nicholas Shaxson

 

 An employee of Jetpack Cayman demonstrates the sport which costs $359 for half an hour. ‘The jetpack is zero gravity, the Cayman are zero taxes, we are in the right place!’ said Mike Thalasinos, owner of Jetpack Cayman. Photograph: Paolo Woods and Gabriele Galimberti/INSTITUTE

Nicholas Shaxson

Friday 19 June 2015 14.38 BSTLast modified on Saturday 20 June 201500.10 BST

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You, dear reader, are a prolific and casual user of offshore tax havens. I’m assuming you don’t live in a cave or in a remote hunting community. Even if you did, though, you’re probably a dabbler: you have little choice.

Many people, and perhaps you’re one of them, share a queasy feeling that something has gone badly wrong with the world economy – but can’t quite put their finger on what the source of the trouble is. Once you understand the nature of offshore tax havens, you should feel closer to pinning down the answers.

Before I explain what they are, and why powerful governments don’t just close them down, I want you to take part in a short challenge. See if you can dodge all my bear traps, and declare yourself untainted by tax havens. If you succeed, you win my Hermit of the Year prize.

Inside the secret world of tax havens – in pictures

 

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Do you celebrate Christmas? If you do (or even if you do not), did you buy any gifts on Amazon last December? If so, then your goods were quite likely to have been routed through a byzantine world hosted – only on paper, you understand – by the Grand Duchy of Luxembourg, where Amazon has located its European headquarters, slashing its tax bills around the world. In 2011, Amazon revealed that the US Internal Revenue Service was chasing it for $1.5bn in back taxes. More recently, Amazon has said it will stop routing its UK sales through Luxembourg.

Perhaps you shun Amazon. You buy only local products: good for you. But did you search for any gifts online? Did a company called Google play any role in this? In 2011, Google shuffled four-fifths of its profits through a subsidiary in the tax haven of Bermuda, cutting its worldwide tax rate in half and its tax rate in some countries to nearly zero. Google boss Eric Schmidt said in 2012 he was “very proud of the structure that we set up… it’s called capitalism”.

You’ve never used Google? OK, let’s say you did all your shopping in the real world: traipsing around your local stores, picking up homemade wooden artefacts that you could weigh in your hands. Wonderful. You’re nearly there.

But not quite. Did you listen to any music on those days? Let’s hope iTunes wasn’t part of that picture. The tech giant Apple achieved what Senator Carl Levin called, in 2013, the “holy grail” of tax avoidance, setting up offshore corporations legally incorporated in Ireland and the US – but for tax purposes, not resident anywhere.Apple shifted $74bn into one of these subsidiaries between 2009 and 2012, paying 2% in tax on it.

Let’s cut this challenge short. Did you at any point consume the services of any of these: AIG, Aviva, Barclays, Black & Decker, British American Tobacco, Burberry, Citigroup, Deutsche Bank, Facebook, FedEx, GlaxoSmithKline, Ikea, HSBC, JP Morgan, Microsoft, Pepsi, Skype, Starbucks, Vodafone or Walt Disney? This is just my quirky personal selection from a list of more than 350 multinationals whose convoluted tax schemes were revealed last November by a whistleblower, working for one accountancy firm, PricewaterhouseCoopers (PwC), in one European tax haven, Luxembourg.

The stories you need to read, in one handy email

 

Read more

The revelation provoked a scandal that has become known as Luxleaks, involving tens of thousands of documents, a whole menagerie of Luxembourg-based tax schemes. What happened, as a result? Three people are currently being pursued by the courts, accused of violating trade secrecy: the main whistleblower, a diffident and bespectacled 28-year-old Frenchman named Antoine Deltour; a second, anonymous whistleblower; and a French journalist, Edouard Perrin (who first helped publicise the leaked data and is being pursued as an accomplice).

It should be noted that everything these companies are doing is legal: it’s what we call tax avoidance or planning – not evasion. But the point I want to make is that tax havens are everywhere. It’s like The Matrix. I can’t stress strongly enough how everywhereish they are. And, until recently, who even noticed?

Tax havens’ defenders say they smooth the flow of capital around the world, removing roadblocks and red tape. But what are those roadblocks? Taxes, regulation and democratic laws. Havens are places where you can put your wealth in order to escape the rules at home. Those rules might be around tax, or criminal laws, or rules about transparency and disclosure, or financial regulations. (It’s not always about the tax.)

You don’t have to put your wealth itself in the tax haven. It is the legal structure that owns the wealth – the shell company, the trust, or whatever – that usually matters. The asset itself – the thing you own – can be anything, anywhere. It could be a painting or a Learjet or a Swiss bank account, or a luxury home in Mayfair that the owner – let’s say a Ukrainian oligarch – is currently using for the benefit of his daughter. Instead of owning the house directly, the oligarch owns the house via an intermediate structure in a tax haven. The land registry records won’t list the oligarch’s name, but the name of some anonymous offshore shell company. And when you go to find out who owns that company, you’ll come up against a brick wall.

This can all take a bit of getting used to, even for people with wealth. When Hurricane Ivan headed towards the Cayman Islands in 2004, it sent a stream of light aircraft racing to Miami. They contained computer hard disks, relating to a large slice of the world’s Cayman-held wealth. (Banking assets in Cayman account for nearly a 15th of the world’s $30tn in banking assets.) When the storm passed, they flew them all back again.

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 Inside the Wilmington State Building, Delaware’s chief deputy secretary of state, Richard J Geisenberger, oversees one of the more than 5,000 company incorporations that take place every day in Delaware. The process takes just a few minutes, and the state office stays open until midnight from Monday to Thursday. More than 50% of all publicly traded US companies are incorporated in Delaware. Photograph: Paolo Woods and Gabriele Galimberti/INSTITUTE

There are many tricks used to shift money offshore, and a pinstriped army of accountants and lawyers to help people do it. The commonest technique is one called transfer pricing, employed by pretty much every multinational.............................................

Read the rest here........somehow some was missing......

 

https://www.theguardian.com/business/2015/jun/19/tax-havens-money-cayman-islands-jersey-offshore-accounts

 

 

[yota691]

IMF: corruption in the public sector would cost the global economy Khosairpetralionat dollars

economy

 Since 05.12.2016 at 08:31 (Baghdad time)

Follow-up - the balance of News

The IMF said that corruption in the public sector would cost the global economy losses of 1.5 trillion to two trillion dollars a year in bribes and cause a greater huge costs is to weaken the economic growth and the loss of tax revenue and the persistence of poverty.

In a new research paper Fund said that the fight against corruption is important for macroeconomic stability, one of the main tasks of those Almasshatah.

The fund says that the anti-corruption strategies require transparency and a legal framework and a clear and prosecutions credible and strong plans to reduce the regulatory rules.

Said Christine Lagarde, director of the fund in the annex essay research paper "While the direct economic cost of corruption is well known, the indirect cost may be greater and more drain.

"Corruption also has wider community detrimental effect. It undermines confidence in the government and weakens the moral standards of citizens."

The conclusion of the search of the World Bank in 2005 estimated paper box, it is currently paying about two percent of global gross domestic product in the form of bribes annually.

 But she said that the indirect cost of corruption is much higher as it reduces government revenues by encouraging tax evasion and reduce the incentive to pay taxes, which in turn leads to a decline in funds available for public investments in infrastructure, health care and education.

While some consider that bribery is simply a factor in facilitating trade Monetary Fund says that corruption is often away investments from countries that rampant and increases the cost of lending.

The research paper of the Fund that there is a need to strengthen anti-corruption laws and prosecutions. But he also said that reducing regulations may limit the opportunities for bribery and allows companies more opportunities for growth without resorting to it.

Lagarde said "when an official has discretion with respect to the approval of the economic activity .. there is a potential for abuse of this power."