Offshore Financial Records

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It is Monday night in Australia and we just watched the Four Corners’ program how these financial records expose secrets. Will governments all over the world show some willingness now to change the laws? I wonder

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http://www.abc.net.au/news/2016-04-04/unprecedented-leak-of-offshore-financial-records-exposes-secrets/7293524

 

By the International Consortium of Investigative Journalists and Four Corners’ Elise Worthington

“An unprecedented leak of more than 11 million documents has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public officials around the world.  .  .  .  “

Firm worked with more than 14,000 ‘middlemen’ on clients’ behalf

An ICIJ analysis of the leaked files found that more than 500 banks, their subsidiaries and branches had worked with Mossack Fonseca since the early 1970s to help clients manage offshore companies.  .  .  .

 

http://www.abc.net.au/news/2016-04-04/four-corners-reveals-parallel-world-of-tax-havens/7295490

 

 

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Published by auntyuta

Auntie, Sister. Grandmother, Great-Grandmother, Mother and Wife of German Descent I've lived in Australia since 1959 together with my husband Peter. We have four children, eight grandchildren and two great-grandchildren. I started blogging because I wanted to publish some of my childhood memories. I am blogging now also some of my other memories. I like to publish some photos too as well as a little bit of a diary from the present time. Occasionally I publish a story with a bit of fiction in it. Peter, my husband, is publishing some of his stories under berlioz1935.wordpress.com

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5 thoughts on “Offshore Financial Records”

  2. Yes, and our government now expects more and more people to finance their own education, health and pensions.
    Every one for themselves must be the ultimate aim. In the meantime the queues at soup kitchens are getting longer.
    The taxation avoidance has been elevated to an art form. It is all legal now which used to be illegal.
    People get promoted for doing crime.

    Reply

    1. If it is legal, Gerard, it is not a crime, or is it? I suspect too, that they are being promoted rather than punished. These people are absolutely selfish with no morals as far as the community as a whole is concerned. I wonder, how did they become that greedy? Has it to do with exaggerated competition? They say: Would you pay tax when you don’t have to?
      Anyway, would changing the laws have the effect of more money staying in the country? Somehow I doubt it.
      I do not like revolutions, But, please, someone tell me how a change could be brought about in every country by changing the rules: Could all countries agree on something like this?
      I would like to know, whether there is a country anywhere that does not suffer from the withdrawal of money by rich people and so called letter-box companies? Does it have to go on like this?
      Is the disclosure of so called secrets going to change anything in the long run? Who is going to profit from this disclosure and who is made to pay for possible losses?
      It is all too complicated for me. I just think that the excesses of the rich have reached a point where most likely it cannot go on like this indefinitely. Whether the changes are going to be minor or major, we’ll have to see.
      It may even lead to more wars. As though we do not have enough wars already! Wars just happen when people cannot agree on anything.

      Reply

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