The Panama Papers

General comments and chit-chat, or tell us how we can improve KiasuParents.com

The Panama Papers

Postby pirated » Mon Apr 04, 2016 10:52 am

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

Any names sound familiar ?

It isn't surprising either.

pirated
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 4587
Joined: Wed Oct 24, 2012 2:56 pm
Total Likes: 121


Re: The Panama Papers

Postby pirated » Mon Apr 04, 2016 2:31 pm

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.

pirated
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 4587
Joined: Wed Oct 24, 2012 2:56 pm
Total Likes: 121


Re: The Panama Papers

Postby tutormum » Mon Apr 04, 2016 11:42 pm

pirated wrote: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

tutormum
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 1199
Joined: Sun Oct 11, 2009 10:44 pm
Total Likes: 21


Re: The Panama Papers

Postby pirated » Mon Apr 04, 2016 11:58 pm

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

pirated
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 4587
Joined: Wed Oct 24, 2012 2:56 pm
Total Likes: 121


Re: The Panama Papers

Postby jetsetter » Tue Apr 05, 2016 8:56 am

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

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
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 13156
Joined: Tue Oct 04, 2011 9:04 pm
Total Likes: 216



Re: The Panama Papers

Postby jetsetter » Tue Apr 05, 2016 9:05 am

tutormum wrote:
pirated wrote: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.

jetsetter
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 13156
Joined: Tue Oct 04, 2011 9:04 pm
Total Likes: 216


Re: The Panama Papers

Postby pirated » Tue Apr 05, 2016 9:09 am

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

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
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 4587
Joined: Wed Oct 24, 2012 2:56 pm
Total Likes: 121


Re: The Panama Papers

Postby pirated » Tue Apr 05, 2016 9:11 am

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

pirated
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 4587
Joined: Wed Oct 24, 2012 2:56 pm
Total Likes: 121


Re: The Panama Papers

Postby jetsetter » Tue Apr 05, 2016 9:17 am

pirated wrote: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
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 13156
Joined: Tue Oct 04, 2011 9:04 pm
Total Likes: 216


Re: The Panama Papers

Postby jetsetter » Tue Apr 05, 2016 9:20 am

pirated wrote:
jetsetter wrote:Phoenix TV, CCTV, Xinhua, People's Daily, Wenhui all gagged. Phoenix only mentioned Putin :P

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?

jetsetter
KiasuGrandMaster
KiasuGrandMaster
 
Posts: 13156
Joined: Tue Oct 04, 2011 9:04 pm
Total Likes: 216


Next

Return to Recess Time