Archive for the ‘Tax Havens’ Category

Obama: “American People Voted To Shake Things Up”

November 16, 2016

Yes, that is what Obama said in Athens, Greece, November 15, 2016, about the US vote for Pluto Donald Trump. Yes.

Obama did not shake things up, but, according to Obama himself, Trump, a fixture of the US plutocratic scene since the early 1970s, will? http://www.washingtontimes.com/news/2016/nov/15/obama-says-voters-wanted-shake-things-donald-trump/

From the horse’s mouth, says Obama: “The lesson I draw … is we have to deal with issues like inequality, we have to deal with issues like economic dislocation, we have to deal with people’s fears that their children won’t do as well as they have… Frankly that’s been my agenda for the last eight years. The problem was, I couldn’t convince a Republican Congress to pass a lot of them.”

We have to deal with inequality? Wow. That’s news. “Democratic” news. Well, with all due respect, that is was Obama’s agenda, is a misrepresentation: the problem is that there was no SERIOUS plan for SERIOUS change, and no SERIOUS will for SERIOUS change on the part of the Democratic supermajority, crammed with plutocrats and their sycophants.

Then Obama said of the election results, “Perhaps the view of the American people was just to shake things up.”

Wait: where not you, Obama, supposed to “shake things up?” What happened to you? To your shaking?

Obama himself explained that the presidential office grows on you, transforms the beholder… And that it will happen to Trump. Obama gave the example of himself, that he was all disorganized when he got to the White House, and then learned organization. All too organized, I would say, around a few plutocratic principles…

Truth: Obama was a child, a child who thought he was fully grown up. A child who, being at the right place at the right time, posing in the right way with an all-inclusive message, got elected president. However, Obama had strictly no idea what he wanted to do with his presidency. (Whereas Donald Trump is on the public record about some of the things he wanted to do as president since the 1970s…)

G. W. Bush, the self-described “Decider” ordered Obama to the White House, in October 2008, and the ex-CEO of Goldman Sachs, Hank Paulson, told Obama what the plan to rescue the US economy from the devastation caused by the financial plutocrats was going to be. Nancy Pelosi, the Democrat heading Congress, had signed on it, after Hank Paulson had gone on one knee in front of her.

Most Of The Newly Created Money Went to Plutocrats. Rest of the West Got “Austerity”

Most Of The Newly Created Money, Above the Trend Exponential, Went to Plutocrats. Rest of the West Got “Austerity”. Most of the Media Never Talks of This.

[In the graph above, notice the brutal take-off under Obama; Quantitative Easing kills commercial banks, thus kills the real economy; at the same time, it fed, & feeds, financial speculators, “investment banking”.]

As a good doggie, of the obedient type, Obama signed on the Paulson plan. After all, when you are going to be president, you may as well sell your soul to Goldman Sachs, no? What about when you are president no more, won’t they take care of you? Navigation, navigation. Then Obama spent his first two years enacting said Goldman Sachs plan, using all sorts of tricks to cover-up was truly being done. And not done. 

TARP, Transferring Assets To Rich People, was then covered-up, in turn, by “Quantitative Easing” and “The Twist”.  That was pure rhetoric, pure dishonesty. In practice, all newly created US money was sent to the richest of the wealthiest. And the same demented, unfair policy was extended throughout the West. Thus it was rather ironical that Obama was in devastated Greece, thoroughly unawares of the devastation he visited on Greece. (And why are not the high executives of Goldman Sachs not prosecuted for what they did to Greece?)

Out of the ashes of 2008 a new, stronger plutocracy arose. Proof? A certain Steve Mnunchin, ex-Goldman-Sachs partner, profited immensely from the Obama’s administration friendliness to financial manipulators (Mnunchin made 40 million dollars personally, thanks to Obama’s financial policies…).

Amusingly, Bannon, another Trump support, and now nominee, in charge of “strategy”, declared that his new boss, Donald Trump was “selling to Wall Street”. It’s a bit complex: if I were Trump, I may nominate a financial manipulator to help “drain the swamp”. In many cases, what matters is not who one supposedly is, but what one does.

In any case, all those who voted for Clinton, the Goldman Sachs candidate, should feel better: their much admired puppet master, Goldman Sachs, knows how to hedge. Mnunchin the munchkin is there to munch them down, the way they like it.

The son-in-law of Trump, the 35-year-old Kushner, is an immensely wealthy real estate developer, himself son of one. Kushner bought his own media at 25 years old. As an observant (!?) Jew, he defended Trump from the grotesque charges of anti-Judaism leveled at him, by the likes of Paul Krugman.

Trump has asked for the high security clearances for Kushner. So, no worry, we are not going to run out of plutocratic targets.

Meanwhile, a smug Joe Biden told the press, next to VP elect Pence, that there was a lot of immensely secret (paraphrasing) things nobody who had not been as high and as long in the system as he, Biden, knew, and know he was telling them all to Pence.

My lashing answer to the Goldman Sachs/Clinton nostalgia:

https://www.youtube.com/watch?v=GLG9g7BcjKs

The truth is that the left, indeed, has let the left down. It has been corrupted by its corrupted luminaries. Now they are waking up. Nobel Joe Stiglitz, a part of the establishment with Paul Krugman said: ”Eighty percent of the activities revealed through the Panama Papers didn’t actually take place in Panama.” What’s needed is reform in the EU and US. But this reform did not happen under Obama, or the EU governments. “There is a widely shared perspective that these tax havens only exist because the United States and Europe have looked the other way.” Stiglitz suggested that empowered lobby groups on both sides of the Atlantic blocked progressive tax reforms for decades. It is not just this: even the suggestion of progressive reforms have been censored out of the Main Stream Media.

The solution is to establish a world cadastrum, a public registry of the true owners of companies and trusts (I said so, long ago, in connection with old Roman Republic anti-wealth laws; hence the word “cadastrum”). I have suggested this forever, Pickety suggested it last year. And now Stiglitz. Why did it take so long. Why is it suggested now? Because the world, the world of plutocracy, is now in Trump’s safe and trusted hands?

One reason plutocrats have been opposing Trump desperately, is that this Trump adventure makes the control that plutocracy imposes on the whole planet, not just disorganized, but all too obvious.

Patrice Ayme’

Is Britain The World’s Most Corrupt Country?

May 11, 2016

Britain is organizing an anti-corruption conference. Is that a form of British humor, or:

Should the EU Expel Britain From The European Onion?

More than 40 years ago, Great Britain’s population voted to join the European Union. Now it’s voting to see whether it wants to leave. This smacks of the tactic of obstruction through obfuscation, the story of the criminal accusing the police of being violent.  From the point of view of justice and solidarity, it should. Then the European Union could apply sanctions against it for TAX FRAUD.

One third of tax havens of the planet are actually states which have as head of state the Queen of England. That makes the Queen of England assuredly one of the greatest head of organized crime in the history of civilization. That criminal network pervades the USA. Just contemplate this:

Anglo-Saxon Plutocrats Own The Anglo-Saxon Main Stream Media Which Wants You To Not Know That Many Of Said Plutocrats Are Just Tax Criminals (To Start With).

Anglo-Saxon Plutocrats Own The Anglo-Saxon Main Stream Media Which Wants You To Not Know That Many Of Said Plutocrats Are Just Tax Criminals (To Start With).

Let me repeat slowly. One third of the world’s tax havens in monetary volume are British: Bermuda, Cayman Islands, British Virgin Isles, Isle of Man, Channel Islands. If one evaluates the half of the world of entities made to avoid all authorities, including tax authorities, are residents of territories headed by the Queen of England.

That corruption is becoming a problem is not just my opinion. David Cameron thinks that Afghanistan and Nigeria are “fantastically corrupt”. Cameron was caught on tape boasting in front of Queen Elizabeth Cameron that  “some leaders of some fantastically corrupt countries [are] coming to Britain” for his anti-corruption summit”. And he was joking with the corrupter in chief, the Queen!

Nigeria’s President Muhammadu Buhari said he did not want an apology from Cameron. Instead he pointed out that Britain could return assets stolen by officials who fled to London.

Forget Nigeria – David Cameron needs to tackle the tax havens in Britain’s own backyard

Says The Telegraph:

“Certainly Nigeria has a reputation. But the Panama Papers have shifted the focus of corruption far up the supply chain, to the people who make corruption possible – and those people are often rather closer to home.  

The UK, to its credit, has been at the forefront of the movement to make the world more financially transparent. The 2009 G20 Summit, hosted by Gordon Brown in London, created the first blacklist of tax havens that were holding out against sharing information on bank accounts with other countries’ tax authorities.

Under David Cameron’s leadership, the UK also became the first country in the world to require companies to be fully transparent about the people who own and control them. This is the key step towards stopping people squirreling money away behind fake companies they secretly own, out of the reach of the taxman and other authorities.

Other countries have since followed suit, and soon all countries that are part of the EU will have to collect information on who ultimately owns and controls companies and make that available to anyone who can demonstrate a legitimate interest.  So we should be proud of our leadership here.     

But careful readers of the Panama Papers will notice an important fact that should have given Cameron pause for thought before he made his comments to the Queen. More than half of the companies named in law firm Mossack Fonseca files are incorporated in Britain’s own tax havens. In fact, a full 50 per cent of the companies are from the British Virgin Islands.

Prime Minister David Cameron knows this. He said so just a few months ago:

“Some of the British Crown Dependences and Overseas Territories are making progress […]. Others, frankly, are not moving anywhere near fast enough. […] If we want to break the business model of stealing money and hiding it in places where it can’t be seen, transparency is the answer.”

Thanks to unfair austerity, avoiding taxes – whether legally or illegally – is coming to be seen as wrong.  If one wants to live in a society with decent schools and hospitals, no terrorism and an army powerful enough to not have tens of millions of refugees trying to smash through the border, all – rich and poor, small companies and giant ones – should be contributing to the public power. A recent poll for anti-corruption organisation, Global Witness, and Oxfam showed that 80 per cent of British adults agreed with the statement that “David Cameron has a moral responsibility to ensure that the UK’s Overseas Territories are as transparent as possible.”

However, PM David Cameron has whined disingenuously, for years, that “he cannot impose his wishes on independent territories.” So, instead of organizing a referendum on whether massive tax fraud can be perpetrated by the Queen of England, her dependencies, dominions and other minions, Cameron organized a referendum about whether Britain wanted to be in Europe or not. As if, after voting against Europe, it would find itself somewhere southeast of New Zealand.

There are fourteen “British Overseas Territories”. The Crown Dependencies of Jersey, Guernsey and the Isle of Man are also tax havens, under the sovereignty of the British monarch. When Britain want to exert power on the dominions, it can: Britain forced dominions to abandon the death penalty (1991), or punishments against homosexuality (2000).

Meanwhile any fantastically corrupt rogue official, thief or criminal can come to Great Britain and become a “Non Dom”, a non-domiciliated person, not taxed for at least seven years. Canada and the USA have imitated facets of this program. Some of China’s richest billionaires, anxious to be skewered by president Xi’s anti-pollution drive, have their children in Canada, driving around in cars worth hundreds of thousands of dollars.

All this to say that the “summit in London on the struggle against corruption”, May 12, 2016, is a colossal hypocrisy. And the stakes are not small. Not only is civilization is at stake, but the biosphere itself.

How did Rome fall? Rome fell in many ways: it became a tyranny, a plutocracy (all emperors were born from a small clique of families jousting for power among themselves, and exchanging the imperial throne as if was a frisbee). Rome became also anti-technological, and anti-scientific. Later it became a theocracy.

The historian Edward Gibbon was connected to the British plutocracy, so he could not accuse the plutocratic phenomenon to have caused the Fall of Rome. Instead, he accused Catholicism (as did Nietzsche). However, theocracy was the last justification tyranny found for itself. Plutocracy caused the Fall of Rome, and, over the next centuries, piled up the outrages.

So how did plutocracy blossom? By eschewing old Roman Republican law which limited absolutely the size of a family fortune. And how was that accomplished? With all the overseas dependencies and possessions Rome found itself with after the victory of Rome in the Second Punic War (final victory in 201 BCE). Those included North Africa, Spain, Macedonia, Greece… In those territories, it was not clear that Roman law had jurisdiction. The same loophole allowed slavery in the New World after 1500 CE: Frankish law had established jurisdiction outlawing slavery, all over Europe, in 655 CE. But the law could not be imposed in the New World, be it only because those who ruled there had no interest to see to it.

Recent globalization has operated in a similar fashion. This is all the more strange because American and French jurisdiction proclaim themselves as universal (France is presently judging Rwandan civil war criminals).

The explanation? Great Britain and the USA have been milking the tax haven, international corruption trick: trillions of corrupt, dark, criminal money has kept them afloat, by coming from all over the world. France has done so too, but on a much smaller scale  The latter case explains why Frenchman Pierre Moscovici is showing no alacrity to punish Luxembourg.

France and Germany are the core of the European Onion. It’s high time for them to seize their responsibilities. The terrible example of Britain has led to massive tax thievery by the likes of the Netherlands and Luxembourg. High time to get tough on more than retirees, elementary school children, and the indigent.

The arsenals of democracies have become arsenals of corruption. That may give leverage over Putin, since his plutocrats put their money in Western tax havens, but it’s no way to run a civilization.

Patrice Ayme’

Luxembourg, Den Of Thieves

May 8, 2016

Send The Tanks?

Luxembourg is a nothing country. Yet, according to the World Bank and the IMF, the GDP per capita in Luxembourg was $117,000. That makes it the richest country in the world (omitting tiny tax havens such as Monaco). And more than half of it is stolen money. Nasty nothings like Luxembourg are, increasingly and subterraneously enraging We The People, all over.

Idiots say that Trump’s popularity is growing because of the color of Obama’s skin. In truth, the rage is growing because of the likes of Luxembourg. We The People has not understood this, because the Main Stream Media, owned and inspired by plutocrats, has made sure that We The People would not understand that. However, We The People is starting to guess what is going on, and it is my pleasure to help in this understanding. Here is an enraging picture:

Rogue Governmental Tax Thieves Are Stealing The Pillars Of Civilization, To Feed Plutocracy.

Rogue Governmental Tax Thieves Are Stealing The Pillars Of Civilization, To Feed Plutocracy.

For 20 years, J-C Juncker led Luxembourg. Juncker made a business to betray the very foundation of Europe. The very foundation of Europe is the principle of SOLIDARITY. Then Juncker was selected to head the European Commission. The wolf was put in charge of the sheep (as Eva Joly, a Franco-Norwegian European MP who was presidential candidate and magistrate puts it). Unsurprisingly, Juncker himself is used as an argument against Brexit. Juncker is junk, the name of one of the greatest fraud ever.

People such as Juncker are toxic, even lethal: Juncker just re-authorized deadly chemicals such as BPA, an endocrinian perturbator who turns boys into girls, and vice versa, while giving them cancer. Lethal, and in more way than one.

[Computation by Gabriel Zucman in “Taxing Across Borders…”.]

In World War Two, Luxembourg just let itself be invaded, not even with a token 6 hours resistance like Denmark. Whereas France and Britain declared war to Hitler on September 3, 1939. Some will, naively, say that they don’t know why I talk about a major tragedy of history. But the reason I do is that we are going through a major tragedy of history now. The weakening of the tax base of the leading countries of the West has, in particular reduced their might and awe. As a result we enjoy the likes of the Islamist State, Assad… And many other tyrants whose activities are rendered possible, precisely because the leading countries have been weakened… and contaminated by the corruption of the likes of Luxembourg.

Now we are facing Brexit, a plot by financial pirates, brokers and professional tax evaders to have “The City”, an official plutocracy in London, to lead the gullible to tragedy.

We are facing Brexit in great part because of the plutocratic organization of Europe. And that plutocratic organization is gaining ever more power.

Jean-Claude Juncker, the very human (in appearance) and extremely plite and nice ex-Prime Minister of Luxembourg who heads the European Commission. He is the one who organized the

Paradoxically, the “Lux Leaks” scandal made advertizing for the mass, governmental tax thievery organized by… Luxembourg: business has never been better.

In “Lux Leaks” journalists from 40 international media outlets on Wednesday used leaked documents exposing tax avoidance by major international companies — like Ikea, FedEx, PepsiCo, and Amazon — in Luxembourg through secret deals between that rogue state and more than 300 multinational corporations.

The International Consortium of Investigative Journalists (ICIJ) examined over 28,000 pages of deals with hundreds of multinational corporations. Those allowed the companies to jointly

cut trillions from their tax payments worldwide.

Most of the documents were Advance Tax Agreements, or so-called “comfort letters,” which are rulings determining how businesses will be taxed by the rogue regime’s tax authorities.

Technically, Luxembourg is not an official tax haven, since it… does have taxes. (Places such as British tax havens do not have individual or corporate taxes outright.)

Luxembourg’s government] has developed a system of tax rulings, which are secret agreements between tax authorities and the companies.

Luxembourg has denied the leading countries which defend civilization part of their taxable base. Thus Luxembourg is an active enemy of democracy. Luxembourg is also a paradigm of tax piracy. It is followed by other scavengers such as Great Britain and the Netherlands (who also practice the tax haven trick, industrially). In 1914, and thereafter, the Netherlands collaborated with fascist Prussian-German empire.

A young Frenchman who came across documents of Pricewaterhouse Cooper showing the tax stealing of Luxembourg. He communicated them to a journalist who then contacted the afore-mentioned IJC. Both whistleblowers are on trial in Luxembourg, and they are threatened by ten years in jail. Meanwhile the bosses of the companies who stole billions of taxes are free to operate in, say, France.

This is the world upside down, and inversion of all values. Seeing tapes of J-C Juncker, tapping in the backs of presidents such as France’s Hollande, or Orban, the leader of Hungary, saying, with a big smile:”Hello, dictator!”, kissing other leaders on top of the head, etc. even a movie such as “The Godfather” feels quaint. And, indeed, although inspired by the Mafia, the GDP  used now with Rogue Government organized Dark Liquidity, Dark money, Tax havens, etc are orders of magnitude greater.

Meanwhile, back in the USA, Obama urged at Howard University, an apartheid university for “blacks” to engage into a “more disciplined form of activism”. I guess they should do like him, and collaborate with the powers that be, those who animate the Junckers of this world. Instead of being undisciplined?

Patrice Ayme’

 

Heathen Tax Havens Top World GDP

April 5, 2016

The Prime Minister of Iceland just resigned. The right honorable PM did not have major funds in a tax havens. He asserted this to journalists. That was correct. His very rich blonde wife did have dark money funds in tax havens, though. This has been revealed in Tax Havens. And the PM had claimed she did not. And how did the wife get so rich? Like Chelsea Clinton? Becoming a hedge fund money manager in her early twenties? Just asking.

What’s a Tax Havens? A place with little or no taxes. By claiming residency there, individuals or corporations can escape taxes. Plutocratic corporations can claim their profits there. They do this by charging extravagant charges to their subsidiaries. Thus subsidiaries in high tax countries (such as the leading countries of the West: USA, Germany, France, UK, Italy, etc.) are not “profitable”, because they spent all their money paying a subsidiary in a

According to the IMF, there are around 60 Tax Havens around the world,  50% of world financial transactions pass through Tax Havens, for a grand total of 25,000 billion dollars ($25 trillions).

What Can't Be Seen, Can't Be Taxed. Or Why Dark Liquidity Grows Ever More, As Its Engine, Plutocracy, Grows

What Can’t Be Seen, Can’t Be Taxed. Or Why Dark Liquidity Grows Ever More, As Its Engine, Plutocracy, Grows

One should stop and meditate this number. The established mental order, in economy quantifies the performance of societies according to GDP (not Gross Demonic Product, but Domestic, supposedly). GDP is just the sum of all financial transactions.

So this means that the GDP of Tax Havens is $25 Trillion. By comparison the GDP of the EU is 18.5 Trillion dollars (a trillion dollar higher than that of the USA). It’s promised to a bright future: Dark Pool Liquidity is skyrocketing everywhere: even in Canada.

365 major international banks are involved in just the particular scandal at hand. The British centered bank HSBC alone is involved in 2300 screen societies managed by that law firm, Mossak Fonseca.

The idea of Tax Havens came from Great Britain, and initially was directed to the Anglo-Norman isles.

To be viewed officially as financially clean, that is, not a tax haven, a country has to make 12 tax treaties with other countries. Thus Panama has tax treaties with Luxembourg, Liechtenstein, etc.: tax havens, by signing treaties with other tax havens certify each other to not be tax havens.

Could the great leaders of the great democracies have ignored all the preceding? Sure. That’s what they did. David Cameron, the British Prime Minister, is an expert; he ignored his father’s overseas, false name accounts.

As The Guardian (a paper which censors me!) puts it:

“David Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork.

Ian Cameron was a director of Blairmore Holdings Inc, an investment fund run from the Bahamas but named after the family’s ancestral home in Aberdeenshire, which managed tens of millions of pounds on behalf of wealthy families.

Clients included Isidore Kerman, an adviser to Robert Maxwell who once owned the West End restaurants Scott’s and J Sheekey, and Leopold Joseph, a private bank used by the Rolling Stones.

The fund was founded in the early 1980s with help from the prime minister’s late father and still exists today. The Guardian has confirmed that in 30 years Blairmore has never paid a penny of tax in the UK on its profits.

The prime minister’s spokeswoman said that Downing Street had responded to allegations about Ian Cameron in the past.

Asked if there was still any family money invested in the fund, she said: “That is a private matter.” She said the prime minister had “taken a range of action to tackle evasion and aggressive tax avoidance”.

The Panama Papers, 11.5m documents leaked from the offshore agent Mossack Fonseca, reveal the details of how Cameron Sr sheltered Blairmore’s profits with a series of expensive and complicated arrangements.”

How was all this possible? How come We The People have become so lenient for the crooks who govern us? How did we become sheep? Panem Et Circenses, the Roman historian and philosopher Juvenal put it, 19 centuries ago: bread and circuses. Distract people with distributions of bread and circuses. This can set a degeneracy of minds which can fester for centuries. Roman citizens did not revolt until the Nika Riots, four centuries after Juvenal. Those started after increasingly violent confrontations, years after years, of partisans of the “Blues” and “Greens” teams of charioteers. Roman citizens had lost all taste for politics. Actually this started a few generations before Juvenal wrote, when a  bunch of major plutocratic crooks such as Brutus (who, before becoming the assassin of Caesar, had been a major corrupt Roman official in “Asia”).

Under the second emperor (or “Princeps”), Tiberius, the Roman national assembly felt so irrelevant, that it fell in disuse. We The Roman People felt that governance had been completely confiscated by the major plutocrats, so why bother?

How not to fall in the same despondency? Well, by mustering some rage, or, at the very least, anger, as Senator Bernie Sanders has been doing, and showing. In a most timely, and wise, manner.

Patrice Ayme’