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Not true. What the release is doing is exposing what foreign leaders and elite are doing to avoid taxes, while similar means of tax avoidance isn't available to 'the little people' who frequently have their employment as their only source of income. It's the "do as I say, not as I do" and "I won't pay taxes to support you" factors that are being exposed here.
If you think any of this is illegal for elite foreigners (of any ilk) to do, explain how Ingvar Kamprad and IKEA did so legally while building up a multi-billion dollar fortune.
Wouldn't it make sense, especially for someone who is ostensibly not as familiar with the repercussions, fall-out, unintended consequences, etc. (as you present it) to research further & form their own conclusions?
Panama Papers Expose Celebs, Politicians, Billionaires With Offshore Tax Havens Despite FATCA Forbes Welcome
Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. The World
Personally, some folks prefer to think for themselves & find the authoritarian tone off putting.
Wouldn't it make sense, especially for someone who is ostensibly not as familiar with the repercussions, fall-out, unintended consequences, etc. (as you present it) to research further & form their own conclusions?
Panama Papers Expose Celebs, Politicians, Billionaires With Offshore Tax Havens Despite FATCA Forbes Welcome
That article exposes no U.S. citizens, and furthermore states:
Quote:
"Offshore banks that do not hand over Americans are withholding at 30% on most transactions. Non-compliant institutions are frozen out of U.S. markets, so there is little choice but to comply. FATCA cuts off companies from access to critical U.S. financial markets if they fail to pass along American data.
Not true. What the release is doing is exposing what foreign leaders and elite are doing to avoid taxes, while similar means of tax avoidance isn't available to 'the little people' who frequently have their employment as their only source of income. It's the "do as I say, not as I do" and "I won't pay taxes to support you" factors that are being exposed here.
If you think any of this is illegal for elite foreigners (of any ilk) to do, explain how Ingvar Kamprad and IKEA did so legally while building up a multi-billion dollar fortune.
You have your pants in a twist. Police investigations are ongoing in lots of cases as a result of this leak. You claim that all of this is legal. Other countries actually have a functioning media that reports about the law so people can get informed.
I mean, your obsession about FATCA is well known but you seem almost manic.
Police investigations are ongoing in lots of cases as a result of this leak. You claim that all of this is legal. Other countries actually have a functioning media that reports about the law so people can get informed.
Fine, name any other country that has a FATCA law. And explain how Swede Ingvar Kamprad was legally able to build a $40 billion+ fortune tax-free in the past 40-ish years, but no American has ever been able to legally do so.
That article exposes no U.S. citizens, and furthermore states:
By the way, considering your fascination, I think you might be more interested in this (previously linked) article:
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. The World
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