CluelessJackson wrote:E-Balla wrote:CluelessJackson wrote:
what a distortion of how offshore companies are set up. sure panamas laws have changed to make it less attractive for tax deferring or evasion and that is why many of the records in the leak are not from this past few years but include many accounts set up years ago. this shows nothing about sanders being uninformed because the leak clearly shows the intention to dodge direct or immediate taxation by those involved and that is the point. many of those shell companies then set up other subs in more countries which makes the chain of accountability hard to attack for the irs or law enforcement. all those comments indicate is a desire to make sanders look stupid when his broader point about the rich and corporations placing their money and cash offshore remains the same
It does show Sanders is uninformed because he specifically used Panama as an example. Panama isn't where there's a haven of offshore American accounts because they have a tax agreement with the US. Period. Yeah the leak shows the intention to dodge direct taxation of those involved but almost none of those people are American so what the hell does our trade agreement with Panama have to do with any of this?
if people are going to try and shoot down sanders because he tied the panama leaks to his broader point about tax evasion then fire away. its a lame point to hammer on. panama has been well known as one of the original points of incorporation for shell companies prior to the patriot act compliance they finally fell into line with. they will go now to the caymans or the virgin islands instead. big f deal
He wasn't making a point about tax evasion. He was trying to support his asinine and illogical argument against voting for a trade agreement with Panama...





















