Author Topic: Panama papers no big deal in the USA  (Read 1464 times)

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Plane

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Panama papers no big deal in the USA
« on: October 18, 2016, 11:12:23 PM »
   Because we do not really need to cross national borders to find Tax Havens. Crossing a state border is enough to shelter a lot of taxes.

https://www.theguardian.com/business/2016/apr/25/delaware-tax-loophole-1209-north-orange-trump-clinton


As it turns out , Hillary and Trump both  have shell companies sheltering a lot of money from taxation in Delaware, and both are mail drops in this building .


This is not a huge coincidence this building has hundreds of persons and corporations using this as a tax dodge.


So Trump is smart to pay few taxes , and Hillary is also the same sort of smart.

IN Europe there were dozens of political careers interrupted when shell companies in Panama were discovered hiding the money of prominent people from taxes.


I don't see Americans getting that sort of outraged at Trump or Clinton.

Plane

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Re: Panama papers no big deal in the USA
« Reply #1 on: October 18, 2016, 11:26:57 PM »
https://en.wikipedia.org/wiki/Corporation_Trust_Center_(CT_Corporation)


http://freebeacon.com/issues/delaware-address-home-200000-shell-companies-including-hillary-clintons/

Quote
The address “1209 North Orange Street” in Wilmington, Del., has become known in recent years as the epicenter of U.S. corporate secrecy. The squat, split-level building is the official address of over 285,000 companies, many of which are looking to take advantage of Delaware’s Panama-like secrecy rules, tax incentives, and business-friendly case law.

In the wake of the recent “Panama Papers” scandal, this unassuming brick office has received renewed scrutiny from the Washington Post, the New York Times, the Telegraph, and advocates for corporate tax reform.

But one of its tenants may come as a surprise—a company owned by Democratic presidential frontrunner Hillary Clinton.