True facts about Panama papers the elite don’t want you to know

0
1427
Facts about Panama papers
Facts about Panama papers

Facts about Panama papers with Panama papers facts focused on answering the questions: Why is USA now a safe haven? Why Nevada and why South Dakota and what are they doing?

Facts about Panama papers

Facts about Panama papers start with OECD. “America is fast becoming the first choice as a tax haven. “The OECD knows this, but is not brave enough to call for action.” The US is the largest funder of the OECD. The US is in third place in the index of countries offering the best tax benefits and most restrictive for non-residents.

In 2014, the OECD signed an agreement to share information on criminals and terrorists. America and Panama did not signed the agreement, which explain why a few Americans have been mentioned in Panama Papers.

Organiszation for Economic Co-operation and Development, OECD Secretary General Angel Gurria, right looks on as Spanish Finance Minister Luis De Guindos
Organiszation for Economic Co-operation and Development, OECD Secretary General Angel Gurria, right looks on as Spanish Finance Minister Luis De Guindos

Andrew Penney, a director of Rothschild & Co. which earlier this year gave a speech about how the wealthy elite can evade tax, wrote that the US “is the largest tax haven in the world.” I call the America already the new Switzerland.

Why is USA now a safe haven?

Why is USA now a safe haven for these assets in the Cayman Islands? About 8 years ago the US start playing a dirty game on Swiss banks. The Swiss banks were helping rich Americans hide their money offshore. What happened is that those countries have signed on the international standards to share bank account information to try to prevent their citizens from dodging taxes. The US didn’t signed for it, so what’s happening now is fund managers and trust companies and tax lawyers who have clients outside the USA are worried about their accounts and came in Switzerland. The British Virgin Islands are moving that money into the USA that’s actually happening.

Rothschild has set up a trust company in Reno Nevada and other places and they are in the process of moving wealthy clients from Asian, Turkey out of the Bahamas, out of Bermuda and into Nevada.

MUST READ
President Putin Explains Who Support ISIS

Why Nevada and South Dakota, what are they doing?

They’re moving into the US because the US hasn’t signed onto these international protocols. South Dakota and Nevada some other states have trust laws that are particularly beneficial make it easier for you to avoid taxes add an extra layer of confidentiality.

The Treasury Department has made two responses, one as they say that the laws which we have in place are enough and at the same time the Obama Treasury Department has made a proposal that would be similar to what some of these other countries have signed onto so you realize that they are suggesting to do things that would kinda up the level of scrutiny however so far that hasn’t occurred it would need congressional approval which i believe the treasury department agrees to be quite difficult.

For decades, the US has been sanctimonious in its condemnation of Swiss banks, Caymen Island, Bahamas etc., for helping the rich with tax avoidance.

On Jan 1, 2016, the OECD Global Standard on Automatic Exchange of Financial Information (AEOI) in tax matters comes into effect. More than 100 countries signed up to the AEOI…..except the US. The U.S. “is effectively the biggest tax haven in the world”.

Share your thoughts on “Facts about Panama papers” in the comment section down below. It’s appreciated and important you share this article to spread the news like an unstoppable virus by using the share buttons. Do join the community for truthers and share what’s on your mind without being ridiculed at lionsground.com

Liked it? Take a second to support Lions Ground on Patreon!