FSTDT Forums
Community => Politics and Government => Topic started by: Ultimate Paragon on April 04, 2016, 05:35:08 pm
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http://www.npr.org/sections/thetwo-way/2016/04/04/472985787/heres-what-you-need-to-know-so-far-about-panama-papers (http://www.npr.org/sections/thetwo-way/2016/04/04/472985787/heres-what-you-need-to-know-so-far-about-panama-papers)
Biggest leak in the history of data journalism.
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Could someone please summarize this thread topic for me? I'm curious about it, and ultie is on my ignore list.
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Basically it's one of the biggest data leaks and basically shows how the super rich have been manipulating the global economy to suit themselves. Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.
Ironbite-that summarized enough for ya?
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Basically, rich people use offshore banking to dodge taxes.
http://www.youtube.com/watch?v=wxlhyX-4qKI
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The big thing here is that the leak gives us names. Everyone knows rich and influential people in general use tax havens but now there is evidence connecting individuals to tax evasion. That can result in actual consequences to these people and can result in policy changes.
Also, Nordea is the biggest bank in Nordic countries and it will be interesting to see if it getting caught assisting tax evasion has any more serious consequences than its credibility getting wrecked temporarily.
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And it's already making waves in Iceland:
http://www.usatoday.com/story/news/world/2016/04/04/panama-papers-iceland-reaction-prime-minister/82622674/ (http://www.usatoday.com/story/news/world/2016/04/04/panama-papers-iceland-reaction-prime-minister/82622674/)
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You're all deluded if you think there's going to be any real change from this. A few scapegoats are going to be named, a few public figures who can afford to fall, and they will fall, and then business will continue as usual.
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http://www.cbc.ca/news/business/panama-papers-business-reaction-1.3519525
Royal Bank of Canada: Foreign incorporation (on behalf of our clients) is completely legitimate and we have high standards to make sure everything's on the level and there's no tax evasion!
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There's a story out all over today that shivved Putin, citing this leak, inserted in a more in-depth story about how Vlad uses his buddies as money puppets to hide all the billions he's stolen.
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There's a story out all over today that shivved Putin, citing this leak, inserted in a more in-depth story about how Vlad uses his buddies as money puppets to hide all the billions he's stolen.
Be careful with talking shit about Putin, he'll have you arrested for treason.
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You're all deluded if you think there's going to be any real change from this. A few scapegoats are going to be named, a few public figures who can afford to fall, and they will fall, and then business will continue as usual.
Yep, there'll be as much justice and retribution that was passed out in the banking crisis.
Bad BAD rich people, here's some more money-now don't be bad again!
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Basically it's one of the biggest data leaks and basically shows how the super rich have been manipulating the global economy to suit themselves. Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.
Cool.
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Russia is now claiming that this is a direct attack against Putin aiming to discredit him. ...Because obviously USA (The usual suspect) would sacrifice all these other people as well just to hurt Putin a bit.
In Finland lots of people are moving their accounts from Nordea to other banks and at least one of the major political parties is joining this boycott.
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And now the Icelandic PM's stepped down:
http://www.nytimes.com/2016/04/06/world/europe/panama-papers-iceland.html?_r=0 (http://www.nytimes.com/2016/04/06/world/europe/panama-papers-iceland.html?_r=0)
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It'll embarrass some big names but if you're looking for legal consequences, I wouldn't get your hopes up. Mainly because this information was obtained illegally and it's pretty much inadmissable in any court that isn't in a shitty country with a "President for life"...
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Except that the authorities weren't the ones to get this info, it was given to them so I think it is legally a different deal than if the police had hacked computers without a permit.
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Er, that's actually even worse.
Try presenting any of this in court and it'll swiftly be pointed out that it was purloined by shady anons on the internet and as such the veracity and integrity of any single piece of information from the pile can't be determined.
Chain of custody is important for a reason...
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Er, that's actually even worse.
Try presenting any of this in court and it'll swiftly be pointed out that it was purloined by shady anons on the internet and as such the veracity and integrity of any single piece of information from the pile can't be determined.
Chain of custody is important for a reason...
You're so silly. The law in America says the opposite of that. In fact, Coolidge v. New Hampshire, 403 U.S. 443, 487 (1971), says that the 4th Amendment was never intended to deter private citizens from "aiding to the utmost of their ability in the apprehension of criminals."
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Well he is British so he wouldn't have known that.
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Well he is British so he wouldn't have known that.
He's British? Huh. And here I was under the impression that he was a troll.
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Well he is British so he wouldn't have known that.
He's British? Huh. And here I was under the impression that he was a troll.
Well, the British have a long history of trolling (https://en.wikipedia.org/wiki/A_Modest_Proposal).
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Did you just refer to a Dubliner as British?
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Did you just refer to a Dubliner as British?
He was Anglo-Irish, so I think that qualifies.
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Even during the 17th Century it was a bad idea to confuse anyone from Ireland as "British"
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Did you just refer to a Dubliner as British?
He could be Northern Irish.
Ironbite-course he's just a troll so I don't give a fuck about where he's from so....
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He linked Jonathan Swift's A Modest Proposal, the Dubliner being J Swift
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Did you just refer to a Dubliner as British?
He could be Northern Irish.
Ironbite-course he's just a troll so I don't give a fuck about where he's from so....
The Great Gaels of Ireland are the men that God made mad
for all their wars are merry and all their songs are sad.
On topic: I doubt this will go anywhere, whether the evidence in question is legally admissible or not. The people involved are rich and powerful. Most of them were already suspected of shady nonsense (probably by virtue of being rich and powerful) and nothing happened. One PM stepping down isn't going to unravel a house of cards.
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Dublin being the capital of Eire though and not in Northern Ireland at all. The Northern Ireland you're thinking of is Belfast.
Edit: As for whether anything will happen. Yes, well it already has, Icelandic PM and the raid on the European Football Federation for starters. Other more blatant wrongdoing and private individuals will be followed up by the relevant tax agencies etc. Some drug dealers will get the Al Capone treatment.
Will it result in systemic change in the global financial industry and its offshore havens? No.
Will it result in anything at all happening to Vladimir Putin? No.
Will it result in whoever leaked the information dying of acute radiation poisoning in the near future? Almost certainly.
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Will it result in whoever leaked the information dying of acute radiation poisoning in the near future? Almost certainly.
Why radiation poisoning in particular?
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Putin loves to do that.
Ironbite-and since he was targeted....
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Yep ibbles has it.
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Except that Putin wasn't targeted. It just turned out that one of the juicier bits of info was that the data finally gave solid evidence that Putin and his inner circle had been stealing the money and corporations of Russia.
Naturally Russian news all claim that this is propaganda...
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Except that Putin wasn't targeted. It just turned out that one of the juicier bits of info was that the data finally gave solid evidence that Putin and his inner circle had been stealing the money and corporations of Russia.
Naturally Russian news all claim that this is propaganda...
Looks like we already found 2016's winner for "least surprising revelation."
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Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.
And Sanders predicted it:
https://www.youtube.com/watch?v=Lb6AQIT_ra0 (https://www.youtube.com/watch?v=Lb6AQIT_ra0)
Even if nothing legal comes out of it, it once again shows that Sanders is looking out for our best interests while Clinton is looking out for her own.
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Also implies that then Secretary of State Hillary Clinton and President Obama pushed trade deals that allowed the super rich to exploit new and improved loopholes in order to keep themselves super rich.
And Sanders predicted it:
https://www.youtube.com/watch?v=Lb6AQIT_ra0 (https://www.youtube.com/watch?v=Lb6AQIT_ra0)
Even if nothing legal comes out of it, it once again shows that Sanders is looking out for our best interests while Clinton is looking out for her own.
Are you for real, or are you just parodying the Bernie Bros?
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Updating this to include a link to the 'manifesto'. Not sure if I totally agree with the view of lawyers but I think it does highlight how the 'nation-state' has failed to keep up with globalisation in a way in which business (and crime) have not:
http://panamapapers.sueddeutsche.de/articles/572c897a5632a39742ed34ef/ (http://panamapapers.sueddeutsche.de/articles/572c897a5632a39742ed34ef/)