Berto Jongman: “Little People” Give Up 130,000 Tax Cheats – Kudos to International Consortium of Investigative Journalists

03 Economy, 07 Other Atrocities, 09 Justice, 10 Transnational Crime, 11 Society, Civil Society, Commerce, Corruption, Ethics, Government, Law Enforcement, Media
Berto Jongman
Berto Jongman

Offshore Leaks: Vast Web of Tax Evasion Exposed

An international network of journalists has obtained some 2.5 million records from tax havens detailing shell companies, offshore accounts and dubious financial deals. The unprecedented leaks include the names of 130,000 people who at one time or other moved their money offshore.

Oligarchs and dictators’ daughters apparently have a penchant for bunkering their assets on the British Virgin Islands. Barons and composers, on the other hand, seem to prefer the Cook Islands. To cheat on taxes, they create bogus firms with imaginative names like Tantris, Moon Crystal or Sequoia.

Those are just a few details published this week on a major global system of tax evasion, which sheds new light on the methods used to deceive fiscal authorities and hide money. In what is believed to be the largest data leak in history, anonymous informants have provided an international consortium of journalists with around 2.5 million documents detailing activities in tax havens around the world.

The virtual Everest of data exposes some 120,000 letterbox entities, offshore accounts and other dubious deals in more than 170 countries, in addition to the names of 140,000 individuals alleged to have placed their money in known tax havens. The list includes politicians, celebrities, weapons dealers, oligarchs, financiers and a very diverse cast of characters. It also includes hundreds of Germans. Reporters at the Süddeutsche Zeitung newspaper noted that the most famous German featured on the list is society playboy Gunter Sachs, best known abroad as Brigitte Bardot’s husband for a brief period in the 1960s, who committed suicide in 2011 at the age of 78.

A 15-Month Reporting Project

Read full report with examples.

ICIJ Offshore Page with MANY Stories Rooted in This Investigation

Phi Beta Iota:  From both an Information Operations (IO) perspective, and from a Predictable Revolution (PR) perspective, this is a break-through.  The 1% rip-off of the 99% only works if there is a 10-20% “buffer” of more or less faithful retainers who avert their eyes in the face of daily misdeeds from pedophilia to tax cheating to treason.  That era appears to be over.  It merits Apart from Iceland no other government in the West has demonstrated the integrity necessary to begin restoring a modicum of equality to the distribution of wealth.  Others can speculate about the future — we see increasing signs that public tolerance of government corruption, which enables private sector fraud, has come to an end.

See Also:

2007  Warren Edward Pollock: Ann Barnhardt on the Record — SENTINEL & Other Frauds Stealing Your Future

2009  Journal: $750 Billion Wall Street Scam, Russian Anger, Chinese Intent, We are NOT Making This Up!

2009  Journal: Government Corruption and Inattention; Foreign Influence and Access: Religious Counterintelligence

2011  John Robb: Economic Reality & Political Treason

2011  Matt Taibbi: GRIFTOPIA – RECAP

2011  Open Source Insurgency: No More Corruption

2011 2011 Thinking About Revolution in the USA and Elsewhere (Full Text Online for Google Translate)

2012  John Steiner: IMF Working Paper The Chicago Plan Revisited (Eliminate Debt to Banks, End Credit Leverage, Governments Control Money)