29 C
Dubai
Sunday, November 24, 2024
spot_img

About the wealthy, famous “cockroaches” and tax evasion | Pandora Papers

[ad_1]

The wealthy, celebrities, and infamous people who evade taxes are like cockroaches-they can be as fast as lightning, and they like to move around in the dark.

According to reports, the list of rich people, celebrities and notorious gangsters who do not pay taxes includes fugitives, scammers, murderers, as well as kings, prime ministers, presidents, people who have served as prime ministers or presidents, first-line actors, models, sports stars, and of course A group of arrogant multimillionaires and billionaires.

Quite diverse, despite the content, the company, eh?

The rich, celebrities, and notorious people are shown how and where to avoid paying taxes, and it’s not surprising that other fast collaborators of cockroaches also like to walk in the dark.

These enthusiastic promoters are euphemistically called lawyers, bankers, and accountants. The rich, celebrities, and notorious people paid large amounts of money to lawyers, bankers, and accountants to find ways to hide their wealth in dark places so that they could pay less (if any) in taxes.

The Byzantine strategy that lawyers, bankers, and accountants came up with to conceal the wealth of clients from tax collectors or female tax workers is largely legal, because the politicians who took office wrote the “laws” to be familiar rather than-so familiar Capital cities to ensure that their wealthy customers-unlike you and me-do not pay taxes.

The rich, famous and infamous and their allies believe that—after nanoseconds, they spend time thinking about the fate of workers and the rapidly evaporating “common interests”—we are deceived. They laughed at us. They belittle us.

They ridicule and demean us, especially when some fools write or say “everyone must pay their due share”. They know that this has never happened, and it is unlikely to happen, because the rich, celebrities, and notorious people always have a set of “rules”, and anonymous, tax-paying hard people have a different set of “rules.”

Nonetheless, journalists will get keen insights from time to time in a pile of financial documents that reveal the wealthy, celebrities, and notorious people-with the help of their orchestrated lawyers, bankers, and accountants. Down-what are you doing recently in the dark.

In early October, a grumpy accomplice or accomplice-with a rare thing called conscience-arranged for another batch of “secret” records to be leaked to the International League of Investigative Journalists (ICIJ), detailing the wealthy, celebrities, and The infamous whereabouts is about hiding millions and billions of them in new ways and sites.

When the reporter turned on the light from time to time, the cockroach-to use a metaphor-had to go back into the dark as quickly as a cockroach.

Like their money, they would hide (for a while) and then trot out, but a loyal lawyer or “spokesperson” would say one of the following to defend the deposit of their spoils in the Caribbean Common tax havens in Europe or more regions have recently implemented tax exemptions in many compassionate US states such as South Dakota.

Our client did not do anything illegal (correct). Just like a good law-abiding citizen, they just follow the existing rules (again, sadly, this is true).

Our customers have to use their money to do what they do to protect their privacy (not true). The real crime is how these shady reporters violated the sacred privacy of our clients (it is true, but in the “public interest”). Our clients don’t know what their lawyers do with their money, but anyway, this is legal (not true and true respectively).

This time, dozens of reporters screened the data like prospectors looking for gold nuggets, calling the leaked document treasure “Pandora Documents.”

I suspect that the reference to “Pandora” means that the reporter’s digging for classified information is likened to opening a Pandora’s box to reveal the truth.

The consortium disclosed to readers, audiences, and listeners that “the inner workings of the shadow economy, which makes the rich and well-connected at the expense of others”.

It’s simple, clear, and of course accurate.

ICIJ should be commended for spending time, energy, and resources to name and reveal how and where the rich, celebrities, and notorious people are always pleasantly helped by the galleries of banks and law firms with good or bad reputations around the world Grab their wealth-take your pick.

But here is the big question of ICIJ’s “unprecedented” revelation. These revelations are not “unprecedented” at all.

In 2015, the German newspaper Süddeutsche Zeitung obtained a large number of private financial records and shared them with ICIJ. After a year of investigation, they published the so-called Panama Papers, exposing the same international spider web network of banks and law firms, allowing the rich, celebrities and notorious people to keep most, if not all, of their money . And a mansion away from the weak tentacles of female tax workers or tax collectors.

Of course, the disclosure of the Panamanian documents made a lot of headlines, sparking outrage and protests, condemning all this for unfairness. Some governments have hired more bureaucrats to try to find and recover a small part of the hidden funds estimated at 11.2 trillion U.S. dollars. Several small fish in Malta and the United States have been charged with tax fraud. Two Pollyannaish Democrats initiated a piece of legislation in the US Congress — optimistically labelled the “Stop Tax Haven Abuse Act” — and there is no doubt that it will die quickly and convincingly.

At the same time, the rich, celebrities, and notorious people continue to jump over the gilded road like happy, lollipop sucking kids, knowing that, apart from a brief embarrassment, they will not live their lives because of their obscene greed. And selfishness while being affected by any specific consequences.

As Alex Cobham, the economist and CEO of the Tax Justice Network, told The Guardian, focus on high-profile tax evaders but ignore More pressing issues.

“Very few people can turn the global tax system into an ATM for the super-rich. This honor belongs to the professional promoters-banks, law firms, and accountants-and the countries that facilitate them,” Cobham said.

In any case, five years after the publication of the Panama Papers, the Pandora documents prove that instead of keeping the rich, celebrities, and notorious people vigilant or even worried, the scope of profitable practices (if any) has accelerated. Because they found other, perhaps more convenient homes to hide cash. (There may be exposure in the future.)

Combining this shameful, state-approved tax evasion racket with the accelerated, state-approved gap between the super-rich and the rest of us – the world’s wealth is hoarded by a handful of well-known personalities – and the dangerous political repercussions are clear of.

A group of “populist” liars, with their unique, dangerous, authoritarian character and irritable exaggeration, once again emerged from the swamp of ignorance and dissatisfaction, claiming that only they can unlock the manipulated system they use. Reward the few at the expense of the majority.

This is a lie. But this is an attractive and persuasive lie. It is deeply ingrained and disturbing among angry and alienated people. They are attracted by these inflammatory opportunists, and these opportunists in turn turn it on. This fierce anger and alienation is transformed into power and influence.

The only way to weaken the attractiveness and effectiveness of populist quacks and to seriously resolve the current absurd myth is that representative government is made up of the people, and the people are made up of the people, because the people are necessary for the people to take the necessary belated, late, and In the end, the radical step was to firmly break the prevailing corporate hegemony that exacerbated the carnival of inequality.

Rhetoric around the edge of polite and delicious will no longer be effective.

The views expressed in this article are those of the author and do not necessarily reflect Al Jazeera’s editorial stance.



[ad_2]

Source link

Related Articles

PM Modi Strengthens Global Ties: Successful Three-Nation Tour Boosts India’s International Influence.

PM Modi Triumphant Return: Strengthening Global Ties with Successful Three-Nation Tour covering Nigeria, Brazil, and Guyana. Prime Minister Narendra PM Modi has returned to India...

Chile Leads the Way in Green Energy: Solar and Wind Power Now Generate 44% of the Nation’s Electricity

Chile has taken a significant leap forward in its pursuit of sustainability, with solar and wind power now generating 44% of the nation’s electricity. This...

UAE Operation ‘Chivalrous Knight 3’: Over 121 Aid Shipments Delivered to Gaza Amid Humanitarian Efforts

UAE has reinforced its dedication to humanitarian relief through the ongoing effort known as Operation ‘Chivalrous Knight 3.’   This initiative has seen the UAE dispatch...

BRICS+ Set to Outpace G7 by 2026: A New Era of Economic Power and Global Influence

BRICS+ group, consisting of Brazil, Russia, India, China, and South Africa, alongside a handful of newly integrated nations, is on the brink of a...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Latest Articles