Archive for July 24th, 2021

Three Types Of Tax Criminality: Legal, Illegal, And Unprovable. “Democratic Party” Corruptocrats Sponsor The Latter

July 24, 2021

Mathematical logic discovered three types of propositions: true, false, and unprovable. This conceptology applies to politics, and tax avoidance. The definition of the ultra-wealthy is that they pay, basically, no taxes… and it cannot be proven they paid no taxes. Some “Democrats” make a loud noise about increasing the budget of the tax agency, the IRS… “Catch all the miscreants!” This is, typically, disingenuous: the same “Democrats” organized the world tax system so that the wealthy, especially if fiscally in the US, pay no taxes. There is legal tax cheating, and illegal tax cheating: everybody knows this. But there is also an intermediate zone, unknowable tax evasion. The legal cheating enables potentially illegal tax evasion which considerably leverages the legal cheating. In other words legal cheating also creates convenient massive dark and grey matter which make the IRS job very costly, if at all possible, when dealing with wealthy tax evaders, and their armies of lawyers and accountants. So the IRS is discouraged to pursue the wealthiest, it just does not have, and could never get, the means to do so.

The obvious example is given by Delaware. The laws of the state of Delaware, thanks to a long serving “democratic” Senator, prevent the IRS from knowing what is going on… Delaware does not require companies to identify their beneficial owners when formed. Thus, although it is technically illegal for US citizens to use Delaware as a tax haven, it does not matter how much money the IRS has to find out if tax evasion has been committed or not: a wealthy cheater is protected in Delaware by inexpugnable secrecy. Any tax haven overseas is easier for the IRS to figure out than the “Diamond State”. 

This is why more than one million companies and two-thirds of the Fortune 500 and 90% of startups are based in Delaware… That’s right: more companies than people call Delaware home. In the present situation it is not just that it is easier for the IRS to persecute small taxpayers, it is nearly impossible to figure out what the truly wealthy really earn. That should be fixed first.

Patrice Ayme

New triangular trade. The highest wealth value system involves “art”, old castles and other. Nowadays, Biden will sell you a painting for half a million, what the White House called “the right [for Biden] to make a living”. “Art” acts as a currency which escapes currency trading laws… That makes art very valuable to those who organize the planet, the plutocrats and their employed corruptocrats…

P/S: The preceding is a slightly extended version of a comment sent to Paul Krugman who published it immediately …are we friends again? Good. The Economist argued that the USA is “the Biggest Tax Loophole Of All”. Having launched and led the battle against offshore tax evasion, America is now part of the problem. 

Said the Economist:

“The Foreign Account Tax Compliance Act (FATCA), passed in 2010, is the main shackle that America puts on other countries. It requires financial institutions abroad to report details of their American clients’ accounts or face punishing withholding taxes on American-sourced payments. America’s central role in global finance means most comply.

FATCA has spawned the Common Reporting Standard (CRS), a transparency initiative overseen by the OECD club of 34 countries that is emerging as a standard for the exchange of data for tax purposes. So far 96 countries, including Switzerland, once favoured by rich taxophobes, have signed up and will soon start swapping information. The OECD is also leading efforts to force multinationals to reveal more about where and how profits are made, and the deals they cut with individual governments, in order to curb aggressive tax-planning.

Because it has signed a host of bilateral data-sharing deals, America sees no need to join the CRS. But its reciprocation is patchy. It passes on names and interest earned, but not account balances; it does not look through the corporate structures that own many bank accounts to reveal the true “beneficial” owner; and data are only shared with countries that meet a host of privacy and technical standards…”

FATCA and CRS became weapons to impose domination of the USA, thus of the US based plutocracy which employs the US government.

Hillary and Bill Clinton set up two shell companies listed at “1209 North Orange Street” in 2008 and 2013. The names of the companies, but not their location, weret made public in tax filings released by Hillary Clinton in 2015.  “1209 North Orange Street”  is the locale for 300,000 anonymous shell companies.

One of the Clintons’ “1209 North Orange Street” companies is WJC, LLC, which was set up by Bill Clinton in 2008 as a pass-through for his consulting fees.

Another company at the same location, ZFS Holdings, LLC, was set up in February 2013, one week after Hillary Clinton left the State Department. Hillary Clinton received $5.5 million from her book publisher, Simon & Schuster, through the company. The Clinton Foundation also has three shell companies in Delaware, according to its financial disclosures released in 2015.

While campaigning in 2008, President Obama slammed the “Ugland House,” a five-story building in the Cayman Islands that is reportedly home to over 18,000 companies.

“That’s either the biggest building in the world, or the biggest tax scam on record,” said Obama. “Some of you may have just heard about these disclosures about outrageous tax havens and loopholes that super-rich people across the world are exploiting in Panama and elsewhere,” said Hillary Clinton during her campaign in 2016. She added: “Now some of this behavior is clearly against the law, and anyone who violates the law anywhere should be held accountable. But it’s also scandalous how much is actually legal.

Individuals with Trump Derangement will want to talk about him. But Trump’s tax situations are different. I used to be critical of Trump’s activities many decades ago. However, in the meantime I saw the dearth of housing in the most developed metropolises, the devastation it caused (homelessness, and distorted, racist housing markets)…. and I came to understand wealthy developers were necessary evils. However the “Democratic” Party (I belong to) has still not seen the light, and the dearth of ecologically and sociologically correct housing is the most blatant failure of the so-called “West” at this point… And has to do with the dominance of plutocrats, especially of the real estate variety.


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