The Panama Papers

[pirated]

http://m.scmp.com/news/world/article/19 ... ign=buffer


The most interesting part is XJP's \"relatives\", in the current atmosphere of him driving a hard crack down on corruption.

[tutormum]

pirated:

https://en.m.wikipedia.org/wiki/List_of ... ama_Papers


Any names sound familiar ?

It isn't surprising either.

Can explain what's all about. Saw the headlines in this evening Chinese newspapers. Jackie Chan's name big big there. TIA

[pirated]

Panama Papers: Rich and powerful respond to claims they hid billions offshore

http://money.cnn.com/2016/04/04/news/pa ... index.html

Read the link above

[jetsetter]

Phoenix TV, CCTV, Xinhua, People's Daily, Wenhui all gagged. Phoenix only mentioned Putin


国母逃税？ :moneyflies:

For all you know, the impact may be limited in the least democratic regimes
Apparently, far-flung accounts used to circumvent tax bills are sometimes perfectly legal...

[jetsetter]

tutormum:

pirated:

https://en.m.wikipedia.org/wiki/List_of ... ama_Papers


Any names sound familiar ?

It isn't surprising either.

Can explain what's all about. Saw the headlines in this evening Chinese newspapers. Jackie Chan's name big big there. TIA

ST headlines today.

Basically, a Panamian law firm Mossack Fonseca helped to set up shell companies for many global leaders and financial elite to evade taxes.

There was a massive 2.6 terabyte leak of its confidential papers to the (ICIJ) International Consortium of Investigative Journalists...

The law firm's operations specialises in helping foreigners set up Panamanian shell companies to hold financial assets while obscuring the identities of their real owners.

[pirated]

jetsetter:

Phoenix TV, CCTV, Xinhua, People's Daily, Wenhui all gagged. Phoenix only mentioned Putin


国母逃税？ :moneyflies:

For all you know, the impact may be limited in the least democratic regimes
Apparently, far-flung accounts used to circumvent tax bills are sometimes perfectly legal...

My tv screen went blank whenever such news are mentioned as well as the mention of causeway bay publishers

[pirated]

But these are mostly not illegal. It only embarrasses those who try to hide from their spouses or from their electorate


First immediate casually is Iceland pm, facing no confidence vote today

[jetsetter]

pirated:

But these are mostly not illegal. It only embarrasses those who try to hide from their spouses or from their electorate


First immediate casually is Iceland pm, facing no confidence vote today

Yup, many a times a person or a well-known company or institution wants to buy things or own assets in a way that obscures who the real buyer is. Actually, t's routine corporate secrecy. Say they are still in R&D stage, and don't want to make public the news, they'd do it through the shell company until they are ready to launch the product.

In fact, one staff of that Panamian law firm told the ICIJ that 95% of their job was the help them buy/sell cars to evade local taxes.

[jetsetter]

pirated:

jetsetter:

Phoenix TV, CCTV, Xinhua, People's Daily, Wenhui all gagged. Phoenix only mentioned Putin


国母逃税？ :moneyflies:

For all you know, the impact may be limited in the least democratic regimes
Apparently, far-flung accounts used to circumvent tax bills are sometimes perfectly legal...

My tv screen went blank whenever such news are mentioned as well as the mention of causeway bay publishers

Thought only black out in mainland cable tv. HK, which prides itself for press freedom, can't escape from the censors now?