Bitcoin Forum

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Today the International Consortium of Investigative Journalists (ICIJ -- it is still not clear how these guys are being funded) released information (online accessible database) on 214,000 "offshore entities", many of them from other places (Nevada (Rothschild's offshore service HQ in the USA), Hong Kong, etc.).

Some information will NOT be released now, including passport page photos, etc.

News:

https://www.armstrongeconomics.com/world-news/taxes/panama-paper-names-to-be-partially-released-today/

(Armstrong wonders why the ICIJ did not release any information on the Clintons and their friends)

http://www.zerohedge.com/news/2016-05-09/full-list-214000-offshore-shell-companies-linked-panama-papers-released-online


Link to the ICIJ offshore leaks database (may be very busy for awhile):

https://offshoreleaks.icij.org/

I think so,Cinton protected it means thay have something to hide,not best move during presidential campaigne,many people  will think Hilary has something to hide
Trump will know how to use it

Journalists also have vested interests. So it is possible that some names were kept under wraps when the original disclosures took place.
Now we will truly have a crowd-sourced, open investigation.

They're funded by several non-profits. The major ones are Ford Foundation, Carnegie Endowment, Rockefeller Family Fund, George Soros' Open Society Foundation.

I don't want to go full on conspiracy theorist, but I can honestly believe the ICIJ striking some of the stories based on who is in them.

A interesting dynamic in who is behind this group.
The media told the viewers to help them look through these files for links due to the extentsive amount involved.
Did we really think we would get full on access?
The cover ups will continue as more people get properly positioned.

The Panama papers really do show just how complicated and dodgy the world of finance is.

I find it hard to believe that some of these very clever people who are hiding money all around the wolrd to avoid paying taxes on it haven't looked at Bitcoin and at least researched the technology.

How are they going to track someone's money if it is moved into Bitcoin and hidden?

The crazy thing is that setting up a shell company is not illegal, at least for the most part of it.
The true is that sometimes these shell companies can prove useful to circumvent financial regulation, so people abuse and profit from this.
Let's see what else is uncovered.

You have to remember that most exchangers require more active users to be registrated
with full name etc. Balances/tranactions above fixed amount, like 15Keuro needs to be identified
under international antiterrorism acts...
Only way is to buy BTC personally but how safe that would be?

I have done in-person transactions for BTC before and it went fine.

Tangent: Interestingly enough, have found two people I previously worked with in the database. Could be an interesting few months.

It's hard to pitch Bitcoin considering it's volatility and inherent risk.
Also "avoiding taxes" isn't always illegal, just morally ambiguous. Why would you risk your assets in this case?

One of the most major bitcoin holders, that is in possession of at least 100k BTC, was part of the leak. Li Xiaolai was an early miner and investor, one of the first known bitcoin millionaires.
https://offshoreleaks.icij.org/nodes/10003355

The more you look into it, the more bitcoin-related figures you'll find being part of the leaks. Shrem and Voorhees are both there.
https://www.reddit.com/r/btc/comments/4io0w8/i_searched_for_bitcoin_in_the_panama_papers/d2zrkfq?context=3

Not to be a downer, but theres no point on knowing about people laundering money..

The question boils down to is what do people do with this information, because honestly if you make $100 million or something I`d assume just like anyone one of us will do the same.

As for the aspect of doing this with bitcoin, bitcoin wont handle this level of volume due to the current value and liquidity level doesnt match up if it needed to service every money launder, but only a couple people. 

If my memory is correct, it wasn't a secret at least in this community that Voorhees had a corporation in panama (I think it was coinapult). I think he even announced moving business to Panama at some point in the past. There is also havelockinvestments.com - a virtual stock exchange (maybe also associated with Voorheesen).

Owning an offshore entity is no crime. There may be very good reason to protect someone's privacy. Especially if you are rich. If you ask me, there are clearly political motives behind this so-called "leak". Exposing private information of individuals that are potentially completely innocent of any crime is unethical and should to be punished. Hopefully the source of the leak will be exposed.

ya.ya.yo!

This is international politic question, and will not have any direct effect on economy. Some journalists make their money - simple as that.  :D

The way I see this, there's a special kind of irony in the work of those people. Most of them try to portray bitcoin as a free currency, "the currency of the people" as some would say. Li Xiaolai for example has been saying that people shouldn't use bitcoin just to attempt to get Rich, yet he's leading by example by taking assets abroad to avoid paying taxes out of greed. ::)

Such "leaks" should be accessible for everyone.
Some selected publishing like it is happening right now by some journalists and papers like the guardian and suddeutsche Zeitung is nothing than some motivated attacks by the ones in power.
Why the papers weren't handed to Wikileaks?
 

Clearly I don't see why private information of anyone should be published. Especially if these people have not even committed a crime. Owning a firm in panama is not illegal!

This leak is just a smear campaign to discredit certain people in front of the public. Some kind of public sentencing by the jealous majority disguised as moral, while there is no actual crime to be sentenced for. For me this is repulsive. Are rich people not entitled to human rights?

Although in general I agree that information should be distributed to the public as a whole and not only to selected journalists. Maybe these journals paid the most for the information, or they were chosen, because they frame their articles in a certain way...

ya.ya.yo!

...

Denker, alani123, yayayo,

Yeah, it certainly seems that the leakers were selective in whom they chose to expose. 

Yeah, political would be my guess as well.

But would sending all that to wikileaks have been any less political?

Hey guys I read some days ago an article about the British actress Emma Watson who starred in the Harry Potter movies accusing her of having an offshore company in Panama and her name was leaked as well in the Panama Papers. I think the celebrities are just trying to hide their money from the general public for privacy reasons and not necessarily for tax evasion but I may be wrong.

Main question is to which bank that firm belongs,there is thousends firms like thay,thay all belongs to banks
Deutche Bank,Commerzbank,JP Morgan etc it is big banks most lucrative business and all that relations
between banks and politicins,top people,top frms who are hiding his money,it is point

Panama Papers prompt new UK tax evasion offences: top 10 concerns for professionals and corporateshttp://www.latham.london/2016/05/panama-papers-prompt-new-uk-tax-evasion-offences-top-10-concerns-for-professionals-and-corporates/
Panama Papers Fallout in Armenia

A high-profile government figure has stepped down over offshore scandal and others may follow him.
https://iwpr.net/global-voices/panama-papers-fallout-armenia

Panama Papers continued to swirl around both John Key and the Overseas Investment Office
https://atlasmonitor.wordpress.com/2016/05/04/panama-papers-continued-to-swirl-around-both-john-key-and-the-overseas-investment-office/

@DimensionZ

Revealed: Emma Watson named in latest Panama Papers leak
http://blogs.spectator.co.uk/2016/05/revealed-emma-watson-named-in-latest-panama-papers-leak/

I hate how this is being dragged out,some one needs to get the unredacted version out for the masses.

what a problem with panama paper, I think there is no problem with people enrolled in panama paper because it's not a crime.

Two opposing thoughts you got going there.
These papers point to corruption around the world, its not the legality of having a offshore tax haven, its where the money came from that a lot of these people hid for various reasons.

This shows that the losers who don't have an offshore bank account are ready to do everything to ruin the successful people who have one.
Tax heavens were invented because most countries are hell! I love BTC because it will enable the middle class to afford all the advantages of a tax heaven without the high cost.

For some people  no problem,information about Clintons have been hide,no available to public
corruption,money laundering etc is not problem,it s norm in modern world,so what is about

Yes, to keep their savings in offshore is not a crime, but if the money extracted in an honest way.
I'm from Russia, we have impoverished the population, a deteriorating economy, but the authorities kept getting richer and richer. And recent investigations Panamanian documents revealed corruption and illegal transactions of enrichment due to stealing of the country.
In Russia it produces a large amount of minerals, which by law belong to the people, but in fact they grabbed a bunch of thugs from the government. (1.5% of the population own 50% of national wealth).

Are allocated a lot of money on the construction, repair and upgrading of cities, and so on, but in fact none of this, do not repair anything, do not create money stolen and shipped offshore.

Those papers are a joke. Nobody gives a crap about those leaked documents at all. Have the US taken action against people/companies which evade paying taxes yet? As far as i know the answer is no. The other countries in the rest of the world also don't care.

The States wants his own tax-free state, so they are trying to scare companies/people with offshore bank accounts in somewhere else.

I would've done the same btw, paying taxes is not cool. Not cool at all. You have no idea how not cool that shit is.

You know the evidence has shown so far a lot of corruption and its just the tipping point?
The view you have on taxes should not cloud your perception of the issue painting it as a American attempt to control.

If no one gave a crap as you said we would not see such a shockwave through the world as people are forced into account or resign from their positions,you bring a very odd perspective to this discussion that really does not seem based on fact at all.
If you read this thread and the links you would know you are out to lunch.

The people that can't afford having a tax heavens aren't losers, they are just fucked by the system, I doubt you have enough money to get away with a tax heaven account and so do I. Most people are stuck in this loophole where you can't make enough money and if you start making you get fucked by taxes. Most people with offshore accounts are people with tons of connections that come from decades of family tradition. Then we have the big boys like Google and Apple paying next to nothing legally while the rest of people are forced to pay higher taxes. So there is to options: you either put a global tax for everyone so it's fair, or (since this is not very realistic) you use something like Bitcoin to defend against this scam against the working class or the small businessman.

Of course, you will always end up being forced to pay tax if you want to buy real state or a car or something like that anyway.

What I like about these Panama papers is this... A lot of people said, BITCOIN IS USED FOR MONEY LAUNDERING .... and now they see how legal companies and banks are being used to launder

money for the rich and influential ... The scale on which money laundering are done with Bitcoin, in comparison to other legal methods are truly pathetic... it should not even be mentioned, because

it's MUCH smaller. The media and the shills just wanted to taint Bitcoins reputation, by highlighting a small percentage of money laundering been done, and then blowing it out of proportion.  >:(

Yes, nice addition. Very often, people end as losers without having any other choice. You have to really want it to escape tax and mediocrity, but I've done it. I would have stayed in my native country, I would have ended as a loser. No doubt. But I escaped, and it doesn't cost much to open and have an offshore bank account if you're smart.