The Pandora Papers: largest ever leak of offshore haven data published by global media outlets, update: Chilean president impeached over Pandora Papers revelations

[Commissar SFLUFAN]

Similar to the previous leak of the "Panama Papers" and the "Paradise Papers", multiple global media outlets published articles today detailing more of the offshore holdings of the global elite:

 

Let the light in: why the Guardian is publishing the Pandora papers | Tax havens | The Guardian

WWW.THEGUARDIAN.COM

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Leaks raise questions about the balance between confidentiality, privacy and the public interest

 

 

Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful | World news | The Guardian

WWW.THEGUARDIAN.COM

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Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials

 

 

 

Revealed: Czech PM used offshore companies to buy £13m French mansion | Czech Republic | The Guardian

WWW.THEGUARDIAN.COM

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Pandora papers reveal Andrej Babiš financed purchase via secret loans through three overseas firms

 

 

Law firm founded by Cypriot president accused of hiding assets of Russian exile | Cyprus | The Guardian

WWW.THEGUARDIAN.COM

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Secret report filed with Caribbean financial regulators alleged Leonid Lebedev was ultimate owner of offshore firms

 

 

Crown estate bought £67m London property from family of Azerbaijan ruler | Monarchy | The Guardian

WWW.THEGUARDIAN.COM

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Leak reveals firms linked to Aliyev family – repeatedly accused of corruption – have traded nearly £400m of UK property

 

Pandora papers reveal hidden riches of Putin’s inner circle | Vladimir Putin | The Guardian

WWW.THEGUARDIAN.COM

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Alleged lover and others linked to Putin have all come into extreme wealth. But is the money really theirs?

 

 

King of Jordan hidden property empire worth more than $100m, Pandora papers reveal | King Abdullah | The Guardian

WWW.THEGUARDIAN.COM

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Arab world’s longest-serving current monarch has disguised his ownership of properties via series of offshore firms, documents show

 

 

Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax | Tony Blair | The Guardian

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Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister

 

[Commissar SFLUFAN]

About the Pandora Papers investigation - The Washington Post

WWW.WASHINGTONPOST.COM

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Executive Editor Sally Buzbee’s letter about the Pandora Papers and The Washington Post’s findings

 

 

Billions hidden beyond reach

WWW.WASHINGTONPOST.COM

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The Pandora Papers documents — more than 11.9 million records from 14 offshore entities, including law and wealth-management firms — illuminate a hidden world that has allowed government leaders, a monarch, billionaires and criminals to shield their assets.

 

 

While his country struggles, Jordan’s King Abdullah secretly splurges

WWW.WASHINGTONPOST.COM

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King Abdullah has secretly spent tens of millions of dollars on more than a dozen lavish homes in the U.S. and Britain, Pandora Papers documents show

 

 

Secret money, swanky real estate and a Monte Carlo mystery

WWW.WASHINGTONPOST.COM

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Documents tie woman allegedly in secret, years-long relationship with Putin to luxury Monaco apartment

 

[Jason]

So how long until the people who uncovered this get their cars bombed and we never talk about it again?

[Commissar SFLUFAN]

7 minutes ago, Jason said:

So how long until the people who uncovered this get their cars bombed and we never talk about it again?

 

It's happened to "only" one journalist so far!
 

Daphne Caruana Galizia - Wikipedia

EN.WIKIPEDIA.ORG

 

[Commissar SFLUFAN]

Pandora Papers: A simple guide to the Pandora Papers leak

WWW.BBC.COM

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A massive leak of documents reveal hidden wealth, tax avoidance and in some cases, money laundering.

 

About the Pandora Papers - ICIJ

WWW.ICIJ.ORG

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ICIJ’s largest-ever investigation on the offshore world unlocks financial secrets of politicians, billionaires and the global elite

[Fizzzzle]

.... and nothing will happen to anyone involved, like usual.

[Air_Delivery]

It's really hard not to be cynical about this kind of thing. Unless the public actually holds our government responsible for allowing this shit to happen nothing will come of this. 

[Commissar SFLUFAN]

38 minutes ago, Air_Delivery said:

It's really hard not to be cynical about this kind of thing. Unless the public actually holds our government responsible for allowing this shit to happen nothing will come of this. 

 

That's an excellent summary of the unfortunate reality.

 

I have to wonder how the whistleblowers and the journalists feel, knowing full well that their work -- potentially life-threatening work in the case of the whistleblowers -- will more than likely be for naught.

[Commissar SFLUFAN]

More articles published today.

 

Russian tycoon’s link to alleged corruption in leaked files raises questions for Tory ministers | Russia | The Guardian

WWW.THEGUARDIAN.COM

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Leak sheds light on past offshore structure used by Viktor Fedotov, whose UK firm is seeking approval for huge UK infrastructure project

 

 

Major Tory donor advised on Uzbekistan deal later found to be $220m bribe | Conservatives | The Guardian

WWW.THEGUARDIAN.COM

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Leak shows Mohamed Amersi helped firm with what it later accepted was ‘corrupt payment’ to then Uzbek ruler’s daughter

 

 

Pakistan minister ditched offshore plans amid ‘concerns’ over tax authority | Pakistan | The Guardian

WWW.THEGUARDIAN.COM

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Chaudhry Moonis Elahi backed out after learning Pakistan authorities had to be informed, leak suggests

 

 

Boris Johnson under pressure to return Tory donor’s cash after Pandora papers claims | Pandora papers | The Guardian

WWW.THEGUARDIAN.COM

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Mohamed Amersi advised on structure of deal later found to be bribe for daughter of Uzbekistan’s president

 

 

Almost a million Bibles of data: the Pandora papers in numbers | UK news | The Guardian

WWW.THEGUARDIAN.COM

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The largest leak of offshore financial data in history amounts to 2.94TB of data – enough to stream Netflix in HD 24/7 for 41 days

 

 

Offshore provider accused of failing to follow money laundering rules | Australia news | The Guardian

WWW.THEGUARDIAN.COM

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Pandora papers reveal regulator criticised Asiaciti over allegedly inadequate checks on sources of clients’ funds

 

 

Pandora Papers: Uhuru Kenyatta family's secret assets exposed by leak

WWW.BBC.COM

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Uhuru Kenyatta's name appears in the Pandora Papers - the biggest ever leak of financial documents.

 

[Commissar SFLUFAN]

You know what nationality is missing from all of these reports?

 

Americans.

 

Hmmmm...

[Jason]

1 minute ago, Commissar SFLUFAN said:

You know what nationality is missing from all of these reports?

 

Americans.

 

Hmmmm...

 

Saw some suggestions it's because rich Americans are taxed so low already there's no real benefit to engaging in these schemes. 

[Commissar SFLUFAN]

5 minutes ago, Jason said:

 

Saw some suggestions it's because rich Americans are taxed so low already there's no real benefit to engaging in these schemes. 

 

Oh sure - that's absolutely the reasonable and probably correct answer.

 

However, the completely unreasonable answer is that the information is being leaked by American intelligence services

[Commissar SFLUFAN]

Quote

 

Officials in Pakistan, Mexico, Spain, Brazil, Sri Lanka, Australia and Panama quickly promised inquiries while global watchdog groups demanded action in the wake of stories revealing how billionaires, politicians and criminals exploit a shadow financial system that covers up tax dodging and money laundering.

 

Authorities in the Czech Republic tweeted on Monday that they will investigate those named in the Pandora Papers, including the prime minister, Andrej Babiš , who is in the midst of a re-election campaign.

 

Pakistan’s Prime Minister Imran Khan vowed to investigate all citizens named in the investigation and to “take appropriate action” if wrongdoing is found.

 

 

[Commissar SFLUFAN]

Et tu, Canada?

 

Billionaires, Olympian and porn king among Canadians named in massive new leak exposing offshore accounts and secret tax havens of the global elite

WWW.THESTAR.COM

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The Pandora Papers reveal the shadowy world of offshore tax havens where secret assets siphon off hundreds of billions in government tax revenue. Shar...

 

[SuperSpreader]

16 minutes ago, Commissar SFLUFAN said:

 

Oh sure - that's absolutely the reasonable and probably correct answer.

 

However, the completely unreasonable answer is that the information is being leaked by American intelligence services

 

We need to make our competition look bad so that people forget we held Trump's balls for 4 years. 

[Commissar SFLUFAN]

3 minutes ago, SuperSpreader said:

 

We need to make our competition look bad so that people forget we held Trump's balls for 4 years. 

 

With the exception of Russia, none of those involved even remotely qualify as "competition".

[SuperSpreader]

9 minutes ago, Commissar SFLUFAN said:

 

With the exception of Russia, none of those involved even remotely qualify as "competition".

 

What I mean is Europeans/non-American rich people

[b_m_b_m_b_m]

15 minutes ago, Commissar SFLUFAN said:

 

With the exception of Russia, none of those involved even remotely qualify as "competition".

Competing for the ultra wealthy. These people are subject to pressures in other countries that don't exist in ours, and further entrenches our status as a low tax haven for the ultra wealthy, similar to how Delaware relies on low incorporation fees (and other favorable governance items) for it's state coffers. And given how close capital and the state is here, it would make sense that some three letter agencies would want to curry favor with/implicitly threaten similarly wealthy foreigners or as a signal to domestic ultra wealthy.

 

That's my take on it anyway.

[Commissar SFLUFAN]

Pandora papers reveal South Dakota’s role as $367bn tax haven | US news | The Guardian

WWW.THEGUARDIAN.COM

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Some trusts held in midwestern state linked to individuals or companies previously accused of misconduct overseas

 

Quote

 

South Dakota is sheltering billions of dollars in wealth, some linked to individuals and companies accused of financial crimes or serious wrongdoing, according to documents in the Pandora papers.

 

The files suggest the US midwestern state now rivals Switzerland, Panama, the Cayman Islands and other famous tax havens as a premier venue for the international rich seeking to protect their assets from local taxes or the authorities.

 

 

 

Revealed: top female Tory donor’s vast offshore empire with husband | Conservatives | The Guardian

WWW.THEGUARDIAN.COM

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Leak raises questions over the ultimate source of some of Lubov Chernukhin’s donations

 

[rc0101]

Pretty amazing and sad that like the Panama papers before, nothing will drastically change. 

[rc0101]

1 hour ago, Commissar SFLUFAN said:

Pandora papers reveal South Dakota’s role as $367bn tax haven | US news | The Guardian

WWW.THEGUARDIAN.COM

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Some trusts held in midwestern state linked to individuals or companies previously accused of misconduct overseas

 

 

 

Revealed: top female Tory donor’s vast offshore empire with husband | Conservatives | The Guardian

WWW.THEGUARDIAN.COM

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Leak raises questions over the ultimate source of some of Lubov Chernukhin’s donations

 

I’ve always heard Nevada as a popular trust destination. 
 

I haven’t read the article but does it go into detail on what exactly makes South Dakota unique? 

[Commissar SFLUFAN]

23 minutes ago, rc0101 said:

I’ve always heard Nevada as a popular trust destination. 
 

I haven’t read the article but does it go into detail on what exactly makes South Dakota unique? 

 

 

Quote

According to a 2020 state report, South Dakota’s burgeoning trust industry holds an estimated $367bn (£273bn) in assets, a sum approaching the annual economic output of the Republic of Ireland – up from $75.5bn in 2011. The phenomenal growth has been supercharged by the state’s aggressive drive to attract money by shielding trust owners’ assets from foreign governments, taxes and even former spouses.

 

 

[rc0101]

Just now, Commissar SFLUFAN said:

 

 

 

 

Thanks. Will be interesting to see if I can find an article that goes more in depth on the privacy and what exactly separates them. 

[Commissar SFLUFAN]

3 minutes ago, rc0101 said:

Thanks. Will be interesting to see if I can find an article that goes more in depth on the privacy and what exactly separates them. 

 

Check this one:

 

The great American tax haven: why the super-rich love South Dakota | Tax havens | The Guardian

WWW.THEGUARDIAN.COM

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The long read: South Dakota is known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions

 

 

[rc0101]

26 minutes ago, Commissar SFLUFAN said:

 

Check this one:

 

The great American tax haven: why the super-rich love South Dakota | Tax havens | The Guardian

WWW.THEGUARDIAN.COM

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The long read: South Dakota is known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions

 

 

Thank you! Very good read. 

[DarkStar189]

Part of me wants to read through all of this because I find it so fascinating and slightly infuriating that people are getting away with this. Then the other part of me is like why bother. What would really change? 

[Spawn_of_Apathy]

On 10/4/2021 at 2:52 PM, DarkStar189 said:

Part of me wants to read through all of this because I find it so fascinating and slightly infuriating that people are getting away with this. Then the other part of me is like why bother. What would really change? 

the only thing that would change by your reading it is your being informed by it. 

[Commissar SFLUFAN]

Chilean president Piñera impeached over Pandora papers revelations | Chile | The Guardian

WWW.THEGUARDIAN.COM

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Lower house approval vote sets up trial in Chile’s senate over allegations he favored sale of family property in office

 

Quote

 

Chile’s president Sebastián Piñera has been impeached by the lower house of congress, setting up a trial in the nation’s Senate over allegations he favored the sale of a family property while in office.

 

The vote to impeach passed with the bare minimum of 78 votes needed in the 155-member Chamber of Deputies, and followed a marathon 20-hour session. Sixty-seven legislators voted against impeachment, including several members of the opposition. Others abstained or were absent.

 

Piñera is unlikely to be removed by the 43-member upper house, where the opposition has only 24 of the 29 votes needed to oust a president.

 

But the trial will come in the heat of a general election campaign. The first round of general elections is set for 21 November and Pinera’s term ends on 11 March. Chile does not permit presidential re-election to consecutive terms.

 

 

[Fizzzzle]

Is that a... consequence I see? However small it might be? It feels so strange...