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Panama Papers: How do offshore shell companies work? - TomoNews

Оценок: 168 | Просмотров: 24469
PANAMA CITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens. Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes. Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for as little as US$1,000, reported Vice in a 2014 article. On paper, these shell companies act as the intermediaries that own the wealth, whether that asset is a painting or a Swiss bank account. Because of the complex organizational structure of these shell companies, it's very difficult to figure out who a company actually belongs to. Setting up a shell company is not illegal and its existence is not always for a nefarious reason. A shell company may be established as a way to for one to save up funds to open a business. It may also act as a front for a project that a well-known company wants to keep from the public's eye until it's ready. According to Vox, Apple for example, may have created a shell company called SixtyEight Research as a front for a car project. However, these shells are often used as tax or legal loopholes, as setting up a shell company doesn't require much identification, which allows their ultimate owners to evade scrutiny. UC Berkeley economics professor Gabriel Zucman estimates that there is least US$7.6 trillion kept in offshore tax havens. However, due to the nature of tax havens, it's difficult to know for sure what the true amount is. ----------------------------------------­--------------------- Welcome to TomoNews, where we animate the most entertaining news on the internets. Come here for an animated look at viral headlines, US news, celebrity gossip, salacious scandals, dumb criminals and much more! Subscribe now for daily news animations that will knock your socks off. Visit our official website for all the latest, uncensored videos: http://us.tomonews.net Check out our Android app: http://bit.ly/1rddhCj Check out our iOS app: http://bit.ly/1gO3z1f Get top stories delivered to your inbox everyday: http://bit.ly/tomo-newsletter Stay connected with us here: Facebook http://www.facebook.com/TomoNewsUS Twitter @tomonewsus http://www.twitter.com/TomoNewsUS Google+ http://plus.google.com/+TomoNewsUS/ Instagram @tomonewsus http://instagram.com/tomonewsus -~-~~-~~~-~~-~- Please watch: "Crying dog breaks the internet’s heart — but this sad dog story has a happy ending" https://www.youtube.com/watch?v=4prKTN9bYQc -~-~~-~~~-~~-~-
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Текстовые комментарии (35)
AmazingSase (1 год назад)
The video is short enough, the ad is almost as long as the video, wtf, greedy asshole
Bender Bending Rodriguez (1 год назад)
Am I the only one who doesn't give a rat ass about the money laundry laws and wish I could be a money launder ?
Jamin Rasta (2 года назад)
there money of some guy who die and his money just sitting there.
Lonely Wolf (2 года назад)
Unfortunately the Wealthy own everything in this world ...
W (2 года назад)
All I got to say is Bernie2016 fuck the cheating rich and their mothers
Evil Bastard (2 года назад)
I see nothing wrong with these offshore companies.
Ken M (2 года назад)
Illuminati confirmed.
Tony Peppermint (2 года назад)
This is interesting.
Waldzwölfe (2 года назад)
Whistleblowers are the *REAL* Superheroes. *All hail Edward Snowden and his soulmates.*
Johnny Jaruwan (2 года назад)
+Unglaub - Lich As honest as having a cup of Tea?
Waldzwölfe (2 года назад)
+Johnny Jaruwan As long as they are honest as Putin is, I wouldnt care. I would rather see Putin becomming Supersayan as Obama any day.
Johnny Jaruwan (2 года назад)
+Unglaub - Lich Chea.Snowden may actually have some off shore account selling military secrets to the Chinese and Russians while fooling everybody else with the "I am on the side of the people"act.
dampsalt (2 года назад)
us white people are smart with our money, liberal media needs to back off
InsaneBillykane (2 года назад)
The rich dont care about you lol. White people aren't a threat anymore.
BUBBLEGUM GUN (2 года назад)
oh dear people wanting to keep their money how dare they! they need to pay their "fair share" for equality ...just like fine ass bitches need to redistribute a "fair share" of that fine *pu$$y* for the less fortunate ugly geeks so they can be"equal"
Mad Willionaire (2 года назад)
+BUBBLEGUM GUN Hey, no problem with it because it's legal, unless they're laundering or tax evading; in that case, either nobody is above the law, or we all should be. Unless you're cool with perpetual struggle while drug lords and corrupt politicians get richer.
DaRk iMages (2 года назад)
so whats the big deal is a rich person wants to hide his money?
steve thomas (3 месяца назад)
crunchy74 ALL governments are run by criminals. Taxation is theft. Wake up and stop being part of the problem please.
crunchy74 (2 года назад)
A rich person who does not pay tax is a criminal. Welfare schemes run on tax monies.
Jr. Jorge Dandoval (2 года назад)
Ooooh how boring leave this to politics.
Tony Peppermint (2 года назад)
How is this not important to you?
Druseff (2 года назад)
thought this was about gas stations .-.
Tony Min (2 года назад)
lol same
Adam Perez (2 года назад)
You forgot to mention Hillary and Obama advocated for the bill that made getting away with off shore accounts easier. Bernie was the only candidate that predicted something like this would happen back in 2011. #Bernie2016
on the river road (2 года назад)
+Watchman Well I didn't expect some random idiot to reply to me, that's for sure.
on the river road (2 года назад)
+Adam Perez Excellent defense of your argument using the classic liberal tactic.
Adam Perez (2 года назад)
+on the river road sorry, not everything gets found in the garbage can like your mom found you.
on the river road (2 года назад)
+Adam Perez Bernie predicted it by digging through Ron Paul's garbage can.
Dred Paige (2 года назад)
FUCK I.R.S
Theonlyoneleft1000 (2 года назад)
y
HybridFlu (2 года назад)
Poor middle class tax rate is too high.
suman kalagara (2 года назад)
hope god will born again and show right path to people on earth
목소리남자 (2 года назад)
돈!!
seanlim shen (2 года назад)
first
Daniel Alvarez (2 года назад)
blames.

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