The huge 'Panama Papers' data dump just dropped

[Mixd]

The huge 'Panama Papers' data dump just dropped

​

The International Consortium of Investigative Journalists just published a huge database about how some of the world's wealthiest and most powerful people hide their cash — dubbed the "Panama Papers."


As of today, on Monday May 9, anyone in the world will be able to scour through the database of 200,000 companies, trusts, foundations, and funds incorporated in 21 tax havens to see where the world's richest people squirrel away their wealth in order to pay as little tax as possible.

It is available to view here.

The findings of the so-called Panama Papers investigation were unveiled at the beginning of April.


Over 11 million documents held by the Panama-based law firm Mossack Fonseca had been leaked to the German newspaper Suddeutsche Zeitung. The paper shared the information with the ICIJ, which is made up of 107 media organisations in 78 countries.


The global news outlets examined 28,000 pages of documents, also revealing the full scale of the tax breaks won by 340 companies.


The details of the investigation have already claimed the scalp of Spain's acting industry minister Jose Manuel Soria and Icelandic Prime Minister Sigmundur David Gunnlaugsson — each of whom stepped down because of activities exposed by the Panama Papers documents.


So the mass publication of hundreds of thousands never before seen documents could lead to another huge shakeup for authorities and communities if they are explosive as the initial findings.


"The impact of Panama Papers has been epic," said the ICIJ in an emailed statement.


"The investigation has led to high profile resignations, including the prime minister of Iceland; triggered official inquiries in multiple countries; and put pressure on world leaders and other politicians, such as Britain's Prime Minister David Cameron, to explain their connections to offshore companies. It sparked a new sense of urgency among lawmakers and regulators to close loopholes and make information about the owners of shell companies public."


This week, the anonymous person behind the massive leak published a 1,800-word statement on the ICIJ website saying that "income equality" was his motive for publishing the sensitive tax information from law firm Mossack Fonseca and that he is offering to help authorities across the world make prosecutions in exchange for immunity.


Mossack Fonseca denies wrongdoing and says it is a victim of a hack.

http://www.businessinsider.com/pana...individuals-tax-details-live-2016-5?r=UK&IR=T

 

[Day_Carver]

 

[DJCandle]

 

[Maxxam]

 

[kwazdog]

 

[dasmybikepunk]

Wow I guess it's really going down....I'm a have my lawyer look this over before I click ok

There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information. If you find an error in the database please get in touch with us.

 

[bermyshotta]

This bullshit fuckin up a niggas hustle.luckilly i opened my bank account and my coorporation just in thime

 

[futureshock]

 

[smz]

Correct me if I'm wrong, but they never really publicised any U.S. individuals involved in the Panama papers, did they? I mean I heard a lot about people from Europe, Russia and other countries outside those zones, but I can't recall any key Americans.

 

[Spectrum]

Correct me if I'm wrong, but they never really publicised any U.S. individuals involved in the Panama papers, did they? I mean I heard a lot about people from Europe, Russia and other countries outside those zones, but I can't recall any key Americans.

They're in there,but they weren't publicized. But it was confirmed that Americans were in the data dump...but for whatever reason they wouldn't revealed initially (probably looking for a payout to filter them out of the data dump) before the public release

 

[bermyshotta]

abdul mohamed waked fares. This the latest shit

 

[smz]

Yea thats what I thought. I think the journalists' initial plan was to release it in stages. Do the rest of the world first, then save the American names for when the news cycle had moved on to other stories (thats typically about 3-4 weeks) so as to bring it back to life and get maximum bang for their buck.

They're in there,but they weren't publicized. But it was confirmed that Americans were in the data dump...but for whatever reason they wouldn't revealed initially (probably looking for a payout to filter them out of the data dump) before the public release

 

[Spectrum]

Yea thats what I thought. I think the journalists' initial plan was to release it in stages. Do the rest of the world first, then save the American names for when the news cycle had moved on to other stories (thats typically about 3-4 weeks) so as to bring it back to life and get maximum bang for their buck.

yep..otherwise why not mention ANY Americans though they were confirmed to have many in there? and imagine and wealthy politicians in there during political season...surely they would cut a check to be removed from the db.

 

[Esther]

Yasssss

 

[Mixd]

On mobile so difficult to copy the whole article with images but...

Money Has No Smell: How US Dollar Found Itself Backed by Drug Cartels

http://sputniknews.com/politics/20160514/1039623079/dollar-gold-oil-washington.html

 

[tallblacknyc]

1 percenter a: omg what are we gonna do now we juss got exposed

1 percenter b: time for another us uhhhh i mean isis attack

 

[Mrfreddygoodbud]

This bullshit fuckin up a niggas hustle.luckilly i opened my bank account and my coorporation just in thime

good for you , but your sig... is that bermuda???

shit looks fuckin gorgeous...

might have to hop out there for a weekend since its only a hop skip and

jump from nyc...

 

[Lexx Diamond]

 

[Mrfreddygoodbud]

by the way aint nothing going to come of this..

if the people didnt react about the LIBOR scandal..

they aint going to give a fuck....

If anyone goes down its only because the parasitic elitist class

want them to...

but the overall people too busy tryin to survive and reach their goals...

to really give a flyin fuck...

 

[bermyshotta]

good for you , but your sig... is that bermuda???

shit looks fuckin gorgeous...

might have to hop out there for a weekend since its only a hop skip and

jump from nyc...

Nah thats P-ma.But Bermuda gonna b nice this summer.thinkin bout goin back.we got Bermuda day Carnaval, and Cupmatch/Emancipation day commin up.

 

[Mrfreddygoodbud]

Nah thats P-ma.But Bermuda gonna b nice this summer.thinkin bout goin back.we got Bermuda day Carnaval, and Cupmatch/Emancipation day commin up.

Cool if you go to carnival post them sexy gals so I can. See what they do

 

[kuu]

Real quick to my paper makers.... new website with blog and merch?

Not trying to get in any legal troubles pushing the docs n shit if it's the business like they say it is.

 

[Amajorfucup]

by the way aint nothing going to come of this..

if the people didnt react about the LIBOR scandal..

Exactly. Snowden told us the CIA was in our bedroom and nobody gave a fuck.

 

[playahaitian]

damn...so nobody really gives a damn?

wow

 

[Mrfreddygoodbud]

Exactly. Snowden told us the CIA was in our bedroom and nobody gave a fuck.

Lol they were like word...

But what about love and hip hop tho...



they were like really....

But Atlanta house hoes going to africa

 

[Famous1]

damn...so nobody really gives a damn?

wow

Oh somebody cares....but C.R.E.A.M.
.... or as a famous industry captain once said...
"Sit yo $5 ass down before I make change".... and lastly, never forget the Golden Rule: ... "He who has the GOLD makes the RULES"..

 

[Mixd]

Think news is being suppressed/manipulated. Many do speak on it but outside the US mostly. Many countries have a bad taste for the US and the dollar mainly at the moment.

 

[Mixd]

not my fave spot for news but...

Panama Papers reveal George Soros' deep money ties to secretive weapons, intel investment firm​

By Peter Byrne Published May 16, 2016

​

Billionaire George Soros, who has spent millions of dollars financing Democrats and left-wing causes, used a controversial Panamanian law firm to establish a web of offshore investment partnerships that operate around the world and out of the scrutiny of U.S. regulators, according to leaked documents.

The so-called Panama Papers, a trove of 11.5 million financial documents tracing the Mossack Fonseca law firm’s efforts to help politicians, celebrities and criminals shield their money from taxes, contain links to Soros, who funds the journalism group that is disseminating the information. So far, the International Consortium of Investigative Journalists (ICIJ) has been silent on its benefactor’s ties to the law firm.

Three offshore investment vehicles controlled by Soros are catalogued in the Panama Papers. Soros Finance, Inc. was incorporated in Panama; Soros Holdings Limited was set up in the British Virgin Islands and a limited partnership called Soros Capital was created in Bermuda.

The laws of Panama, Bermuda, the British Virgin Islands and a score of “tax havens” allow foreign firms to hide ownership of cash, real estate and other assets from securities regulators and tax collectors in the countries where they are physically headquartered.

On May 9, client data stolen from the Mossack Fonseca law firm in Panama was published online by the ICIJ as part of its Offshore Leaks database. The searchable database contains a portion of the offshore financial records given to the journalists by anonymous whistle-blowers since 2013; it does not include leaked emails and other explanatory data that ICIJ reporters use to write about the offshore financial holdings of newsworthy individuals.

News stories about offshore bank accounts revealed by the Panama Papers brought down Iceland’s prime minister last month. Heads of state, Hollywood stars, heiresses, arms dealers and drug lords who established secret offshore companies and bank accounts are outed almost daily by the ICIJ. Incorporating a business offshore is not illegal, but President Obama has called for the tax loophole to be sealed shut, saying everyone should “pay their fair share.”

Soros, 86, is worth an estimated $25 billion. His Open Society Institute is one of ICIJ’s main funders, granting it $1.5 million last year. The Panama Papers data reveals only the tip of Soros' offshore iceberg, the Quantum Group of Funds. The ICIJ’s leader, journalist Gerard Ryle, said he had not noticed Soros’ companies in the Offshore Leaks database until FoxNews.com called the matter to his attention.

“I suspect we would have more information [on Soros] because the public database … does not contain the underlying data,” Ryle said in an email FoxNews.com.

FoxNews.com has requested access to that data.

Because it is based offshore, the Quantum Group of Funds is not normally subject to regulation by the United States Securities and Exchange Commission. But in the mid-1990s, Soros Capital bought several SEC-regulated firms, an act which required it to disclose the basic design of the Quantum network of interlocking offshore companies and bank accounts that shield Soros’ billions.

Soros Capital set up an offshore company in the Cayman Islands for the purpose of investing private equity with the Carlyle Group, alongside members of Saudi Arabia’s Bin Laden family. Carlyle’s partners include ex-heads of state and former CIA officials. The private equity partnership specializes in buying and selling weapons manufacturing and intelligence gathering companies with government and military contracts and it also uses secret offshore companies to conduct business.

Offshore Leaks does not include SEC information, but it reveals Soros Capital as a major investor and corporate officer of AIF (Indonesia) Limited. AIF combines private investments with public funding contributed by Asian governments to develop massive infrastructure projects. The database links Soros Capital to Dongya Ports Limited, owned by a tangle of offshore entities.

Soros is certainly newsworthy. In 1992, the self-styled philosopher-economist nearly bankrupted the Bank of England by manipulating the price of the pound. Five years later, he exacerbated a regional economic crisis by betting against Thai and Malaysian currencies. Billions of dollars in profits from Soros’ currency-pummeling moves flowed through the Quantum Group of Funds.

Soros is the sole proprietor of Manhattan-based Soros Fund Management LLC, which controls his offshore empire. In July 2011, Soros closed the multibillion-dollar fund to all but members of his immediate family, allowing him to escape the Dodd-Frank Act mandate for hedge funds to disclose investors and conflicts of interest. A few months later, Soros lost the final appeal of his 2002 conviction by a French court for insider trading. But he remains a potent political force.

In 2014, Soros donated $381 million of Quantum Group of Funds shares to his Open Society philanthropy. The New York-based charitable foundation supports hundreds of advocacy groups, academic research and investigative journalists that align with Soros’ oft-stated goal to promote globalized capitalism and democracy.

On the other hand, the Panama Papers’ leaker, known as John Doe, said that he had exposed the vast cluster of offshore firms and bank accounts, because “income inequality” and “massive, pervasive corruption” are “the defining issues of our time.”

Soros’ offshore companies may not pay U.S. taxes (his spokesperson, Michael Vachon, declined to answer that question), but the billionaire donates lots of money to Democrats who write and enforce the tax laws. In the 2004 presidential election, he contributed $24 million to George Bush’s opponents. He is the largest donor to Hillary Clinton’s campaign for the presidency, plunking down $8 million, so far. He has donated “up to $1 million” to the Clinton Foundation. And Secretary of State Clinton’s emails reveal that Soros has lobbied her on behalf of his interests, which encircle the globe, mostly in the dark.

http://www.foxnews.com/world/2016/0...ney-ties-to-secretive-weapons-intel-firm.html

 

[futureshock]

Nearly 500 New Yorkers’ offshore accounts exposed by Panama Papers
MarketWatch

Those with sheltered holdings include real estate tycoons, doctors, universities

http://www.marketwatch.com/story/ne...-accounts-exposed-by-panama-papers-2016-05-15

 

[Day_Carver]

nothing ever came about this i guess?..people still promoting panama as a safe haven though