The Pandora Files are the leaks of nearly 12 million documents revealing secret assets, tax avoidance practices and in some cases money laundering practices of some of the world's richest and most powerful figures. .
The Pandora Files have revealed networks of companies established across borders, often to conceal ownership of money or assets.
The Pandora records show that "the people who can end the possession of secret assets abroad are the ones who are benefiting from it. Therefore, they have no reason to end it".
Loopholes in the law make it possible for some people to legally avoid paying some taxes by transferring money or setting up companies in tax havens, however, this is often seen as illegal. morality.
Topic: Pandora Papers - Massive journalism work on tax avoidance and evasion (Read 257 times)
October 16, 2021, 01:05:34 PM
October 10, 2021, 10:39:05 PM
I saw a thread that disappered where it was defending bitcoin and made it appear clean and not used for criminality by citing the Pandora papers. I reckon this is wrong and foolish because those tax evaders can also use or maybe should use bitcoin for their moneylaundering and tax evasion.
They will probably start using BTC this time now that they know they could be exposed. I have not really downloaded the Pandora papers, I can't even find the link to the real papers nor PDF file of it. But there are names mentioned in the articles like Shakira, Elton John, Ringo Star, and some sports players but we all know where their money comes from. It's those NOBODY guys in the public's eye that's more interesting to know.
Anyone really found the link where the names are?
October 10, 2021, 10:16:11 PM
I saw a thread that disappered where it was defending bitcoin and made it appear clean and not used for criminality by citing the Pandora papers. I reckon this is wrong and foolish because those tax evaders can also use or maybe should use bitcoin for their moneylaundering and tax evasion.
October 10, 2021, 08:48:49 AM
By the way, everyone has a question - are offshore zones an officially permitted mechanism? The answer is YES! Actually, the question is - why is it that everyone dislikes that people officially use the officially accepted methodology? If this is bad - then ban it, and that's it, the topic will close, but no, no one forbids ... Maybe they were made specifically to periodically raise a buzz in the media and give them raw materials for their materials and "investigations" ?! 
October 10, 2021, 01:06:42 AM
This has been out a long time ago as well. It was called panama papers at the time, there were tons of famous and rich people who took their money to panama and saved on taxes thanks to that, do you know what happened? After 100+ billion dollars on taxes got avoided thanks to panama rules and so forth and rich people got to save all that money instead of paying taxes on it, the only thing that happened was the journalist got murdered (officially ruled as suicide I believe) for outing those rich people.
Same as 2008, when the journalist who figured out that banks were playing with fire and knew the risks when they did mortgage bonds and they still did it anyway because they didn't care if they lost since they knew they would be bailed out, so took low risk on high reward thanks to government backing them, that journalist was jailed for breaking confidentiality law. So, when the most powerful people do something illegal, who is there to stop them? Nobody has more power than them so they can do whatever they like.
Same as 2008, when the journalist who figured out that banks were playing with fire and knew the risks when they did mortgage bonds and they still did it anyway because they didn't care if they lost since they knew they would be bailed out, so took low risk on high reward thanks to government backing them, that journalist was jailed for breaking confidentiality law. So, when the most powerful people do something illegal, who is there to stop them? Nobody has more power than them so they can do whatever they like.
No, the Panama Papers was a different set of documents. The Pandora Papers are a distinct leak of documents detailing different people and gathered from different sources. Undoubtedly, there is some overlap and they are similar in that they both involve a leak of documents detailing wealthy people hiding their money offshore to avoid taxes, but these are separate incidents. It only goes to show how pervasive is the problem of the wealthy dodging taxes.
October 10, 2021, 12:02:46 AM
I have seen statements from a lot of people who are being named here. Most of them are saying that they just used loopholes in the tax system and their investments are perfectly legal. Some others are saying that their investments were already known to the authorities. In the end this set of leaks would face the same fate as that of the files published by ProPublica a few months ago. Back then also, a lot of hype was generated in the media, but it died down within a few weeks and no one is ready to discuss them.
October 09, 2021, 06:35:26 PM
I have seen this news and it is truly remarkable. This is a clear indication of the importance of diversifying into a strong currency, especially if you live in a developing country. development has a weak fiat currency. in the future for sure BTC will be a great alternative. but it also depends on where you live in Asia or the Americas. Does your country accept BTC or not? because if BTC becomes legal then I think they will definitely take measures to collect tax on your BTC income.
October 09, 2021, 07:52:53 AM
A question to the participants - what do you think, such a loud stuffing, such a large amount of compromising evidence and "truth" is just an attempt to "convey the truth to people", go a controlled process to divert attention from processes that would really not want to be known about them or paid to attention to them? What are we missing now, diverting all attention to this mega stuffing !? In the modern world, such actions are never done just like that, their goal is always either to distract from something, or to prepare public opinion for something, which in today's situation will be taken unambiguously negatively.
October 08, 2021, 04:29:36 PM
While the common guy is subject to taxes with no loophole or hideout, many of the wealthy around the world go about their business in a completely different way: not paying taxes. The Pandora Papers, a recent journalism work, shows factually, with names and dates how this is happening while you pay your taxes.
Please, note among the names the Queen of England (curiously, not under "Royalty").
https://www.bbc.com/news/world-58780561
https://en.wikipedia.org/wiki/List_of_people_named_in_the_Pandora_Papers
Please, note among the names the Queen of England (curiously, not under "Royalty").
https://www.bbc.com/news/world-58780561
Quote
The Pandora Papers is a leak of almost 12 million documents that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world's rich and powerful.
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The files expose how some of the most powerful people in the world - including more than 330 politicians from 90 countries - use secret offshore companies to hide their wealth.
https://en.wikipedia.org/wiki/List_of_people_named_in_the_Pandora_Papers
It's interesting to see how quickly this news became buried, it has almost become normalized now to the point where people expect huge scale corruption and don't even care to read about it. It got 2-3 days of front page coverage on the BBC and now it has vanished. People are so desensitized that they cannot process the sheer amount of money that these leaders have managed to steal from their countries. The sad part is lots of money gets completely lost because it is so hidden, besides the fact that it should really be helping millions of people instead of a few elites sitting at the top of the triangle. Someone really needs to make a wikipedia especially for tracking any official that has corruption uncovered in such documents so it is easily accessible and make the scale more understandable.
October 08, 2021, 04:09:38 PM
I'm surprised that Art Tugade from the Philippines made that list. The other personalities from this country that are listed there are really known for doing illegal things related to money, but that DOTr secretary is not known for his involvement on corruption, or at least that's what I know.
Dennis Uy, a businessman that have strong ties with the president and the administration, is also not a surprise. What's surprising is that no one from the current admin is listed there, for they are also alleged to have strong ties to the corruption re: overpriced PPEs (personal protective equipment) and other such necessities used by healthcare workers here in the Philippines.
Dennis Uy, a businessman that have strong ties with the president and the administration, is also not a surprise. What's surprising is that no one from the current admin is listed there, for they are also alleged to have strong ties to the corruption re: overpriced PPEs (personal protective equipment) and other such necessities used by healthcare workers here in the Philippines.
October 08, 2021, 03:46:23 PM
The reason why nothing big happens after such news is the fact that the rich and powerful who get to decide on the big things like this are the ones who are named in the list at the same time. So, we are basically expecting them to punish themselves for getting caught, that doesn't make sense at all.
I mean if it was that easy to convict the powerful people then we would have done it long before pandora papers came out, hell even before panama papers there were many who got caught on corruption and still lived a very happy life because they basically had to convict themselves and they did not, why would they? Powerful people will do everything to stay powerful, including their corruption coming out to light and still shamelessly continue to hold that power.
I mean if it was that easy to convict the powerful people then we would have done it long before pandora papers came out, hell even before panama papers there were many who got caught on corruption and still lived a very happy life because they basically had to convict themselves and they did not, why would they? Powerful people will do everything to stay powerful, including their corruption coming out to light and still shamelessly continue to hold that power.
October 07, 2021, 07:13:46 AM
This just confirms that crypto is transparent and reliable as a payment method.
AHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHAHAHAHACrypto, reliable?
How is 45 transactions a second reliable when you compare to the millions of transactions that fiat and credit bring?
Crypto, transparent?
How is crypto transparent when we don't even know the intentions and decisions made by the people who hold some of the largest quantities of crypto in the world or the exchanges that service the transactions?
Companies that lay outside the regulations and rules of government, that have incentives to drain people of their money and leave them with bags.
Transparency in an unregulated market is often left behind in favor of profits.
Hell, crypto can and has been used for money laundering.
October 07, 2021, 05:56:24 AM
A lot of people are saying that these papers show absolutely no significant sign of bitcoin related wrongdoing, and they are absolutely right.
This just confirms that crypto is transparent and reliable as a payment method.
All of the KYC/AML business that has been drummed up are mostly propaganda to restrict access to cryptos, unfortunately.
This just confirms that crypto is transparent and reliable as a payment method.
All of the KYC/AML business that has been drummed up are mostly propaganda to restrict access to cryptos, unfortunately.
October 07, 2021, 02:16:28 AM
Well, It was called panama papers at that time, there were a lot of famous and rich people who took their money to panama and saved tax money thanks to it, do you know what happened? After over $100 billion in taxes were avoided thanks to panama's rules. While the media will portray overseas tax havens as privileged and liberating for the rich and powerful, the who do not pay taxes. There are restrictions on the arrangement, which are not obvious. As far as I can tell, it's not good for people to evade the taxes they deserve, but I'm sure if hiding your money is a crime no Acceptable. 
October 07, 2021, 01:40:25 AM
I also started a thread on this a few days ago, but it was moved to the "Political" section of this forum. https://bitcointalksearch.org/topic/m.58095118
I am so happy about this leak, because the fingers that were pointed at Bitcoin for tax evasion ...has been bend backwards to point to the people that pointed the fingers.
A lot of world leaders and politicians are making decisions about Bitcoin and it's future ...and excuses like tax evasion and money laundering are being used to justify their negative decisions... so instances like this, smash their credibility.
I am so happy about this leak, because the fingers that were pointed at Bitcoin for tax evasion ...has been bend backwards to point to the people that pointed the fingers.
A lot of world leaders and politicians are making decisions about Bitcoin and it's future ...and excuses like tax evasion and money laundering are being used to justify their negative decisions... so instances like this, smash their credibility.
October 06, 2021, 11:35:33 PM
LOL.. in most of the other countries, this revelations are now being discussed and debated. But here in India, both the media and the politicians are silent. Some of the names that were revealed include Kiran Mazumdar Shaw, Anil Ambani and Sachin Tendulkar. And all of these individuals are associated with the opposition party. The silence from the opposition benches were expected.. but no one really understand why the ruling party is also keeping quiet. Perhaps they don't want to antagonize these industry heavyweights.
October 06, 2021, 06:42:28 PM
Is this different than the Panama Papers? That paper too got some big names in their lists too. This paper here and the people on the list is the reason why you don't trust the elites and that the only way to move forward is shake the hierarchy and let them all fall down. We need to open our eyes regarding this one because this is a clear evidence that they're all leeches and the taxes only came from us the working class.
In a way it is not surprising at all as have known for a long time this is the reality and the rich make use of all the tools they have at their disposal to not pay taxes, and since politicians are in it as well then those loopholes are never closed and they both take advantage of them, but at the same time to see the extent of all of this is really impressive, now in all fairness there are probably some people that have legitimate reasons to store their money at tax havens and they are not necessarily cheating the system, but it is not believable to think that every single person on the Pandora Papers falls into that category. 
October 06, 2021, 05:30:59 PM
OH MY GOD, RICH AND POWERFUL PEOPLE AVOID TAXES!! HOW COULD THIS HAPPEN!! All jokes aside, did we had any doubt in our mind that these people were avoiding taxes? In my nation there is a trick called "show everything as expense", you could literally go out to eat alone just because you wanted to, get the receipt and use that as business expense, has nothing to do with your business but you can do it.
This is what a small time place does, no grocery store pays taxes as much as they should they avoid it by showing future expenses they did not even paid for yet, just from their upcoming expenses that they agreed on a contract, these come to billions when you calculate every single grocery store.
If all these small timers can do this, do you really believed that rich and powerful would pay full taxes? If they did, the world would not have been in such a financial chaos, we could have afford every single political problems and pay for people's healthcare and educate for free all around the world, feed the starving, pay for underdeveloped places and much more, but not only rich people but even poor people try to avoid taxes, so it is totally expected, this news wasn't a shock to anyone.
This is what a small time place does, no grocery store pays taxes as much as they should they avoid it by showing future expenses they did not even paid for yet, just from their upcoming expenses that they agreed on a contract, these come to billions when you calculate every single grocery store.
If all these small timers can do this, do you really believed that rich and powerful would pay full taxes? If they did, the world would not have been in such a financial chaos, we could have afford every single political problems and pay for people's healthcare and educate for free all around the world, feed the starving, pay for underdeveloped places and much more, but not only rich people but even poor people try to avoid taxes, so it is totally expected, this news wasn't a shock to anyone.
October 06, 2021, 07:01:00 AM
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Accordingly, it was also declared in his SALN since 2012. However, such declaration is made under offshore investment, which could either mean deposits in a foreign bank or shares of foreign companies. His was obviously a company. It wasn't simply an offshore asset; it was an offshore business interest which was never declared as such in his SALN. In other words, there could have been unpaid taxes from the gains of this business interest.
Accordingly, it was also declared in his SALN since 2012. However, such declaration is made under offshore investment, which could either mean deposits in a foreign bank or shares of foreign companies. His was obviously a company. It wasn't simply an offshore asset; it was an offshore business interest which was never declared as such in his SALN. In other words, there could have been unpaid taxes from the gains of this business interest.
I read some opinions that they're not required to declare everything in detail. As it is now, it looks like he met what was required under the law. I'd rather have corporate tax lawyers together with some auditors look into this than make my own assumptions.
October 05, 2021, 07:43:05 AM
This is huge... and I am following this as well, there are a few big names from Serbia as well! One of the names there is our current minister of finance... and godfather of the current president, Sinisa Mali, and Nikola Petrovic!
But what will happen with all this we will see... I saw some people from the EU are talking about taking action against these people, but for sure not all countries will do it! I follow the situation in my region, and somehow I don't believe we will see anything more than denying, more denying, news spinning, a bit more denying... some big news that will throw a shadow on all this, and it will be forgotten after that!
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Siniša Mali, Minister of Finance and former Mayor of Belgrade
Nikola Petrović, Serbian businessman and best man of Aleksandar Vučić
Nikola Petrović, Serbian businessman and best man of Aleksandar Vučić
But what will happen with all this we will see... I saw some people from the EU are talking about taking action against these people, but for sure not all countries will do it! I follow the situation in my region, and somehow I don't believe we will see anything more than denying, more denying, news spinning, a bit more denying... some big news that will throw a shadow on all this, and it will be forgotten after that!
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