Britain and its European allies have announced new rules designed to be a “hammer blow” against tax evasion in direct response to the Panama Papers leak that exposed how the world’s richest and most powerful people hide their wealth from tax authorities. -Guardian
Never in the history of humankind has it been impossible to create an anonymous legal entity.
But now it will be. And this doesn’t seem to be a momentous event to the world’s mainstream media which is reporting on the story as if it has to do with tax evasion.
The larger issue is that a handful of elected and unelected bureaucrats have decided that YOU – a person, a businessman, an investor – have no right to set up a corporation without publicly affixing your name to it.
And just in case you have second thoughts about that, “tax havens” around the world will be pressured to cooperate with “Britain and its allies” who intend to deal a “hammerblow” to tax evasion.
The US must be seen as part of this allied charge as the “U.S. Treasury is Finalizing Rule to Combat Tax Evasion,” according to the LawyerHerald.
U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday. Secretary Lew said that the U.S. has planned a rule to combat shell companies.
… Lew also call all countries to exchange financial account information automatically in the wake of Panama Papers leak.
Lew’s statement corresponds to intentions voiced by Europe and Britain – and also by the Group of 20. The G20 issued a release calling on countries around the world and especially tax havens to voluntarily release information on corporate beneficial owners.
Previously, International Monetary Fund and World Bank officials had issued similar statements.
As well, the IMF seemed to indicate that it might take the lead on creating an international register of private companies that would reveal beneficial ownership.
In other words, countries would not allow the creation of anonymous companies.
To ensure that privacy was thoroughly penetrated, beneficial owners of such corporations – trusts, private corporations, shell companies – would be publicly listed in a way that might offer instant access via electronic communications.
The cascade of announcements occurred throughout last week in Washington DC where the IMF and World Bank were meeting with G20 officials.
The speed and gravity of the announcements certainly gives rise to the suspicion that they were pre-planned.
In fact, we are supposed to believe the opposite.
We are supposed to believe that the entire spectrum of international political and financial executives were so incensed with what the Panama Papers revealed that they were able to act in concert within a couple of weeks of the initial hacks.
This is in stark contrast to most international gambits that take months and even years to orchestrate.
And, yes, it is really unbelievable.
The entire Panama Papers leak is unbelievable. The 11.5 million email leak seems carefully calibrated to embarrass US and British “enemies” – especially political opponents such as Vladimir Putin.
And accusations that Russia itself organized the leak are almost laughable given the recent reactions emanating from Washington DC.
More and more it becomes difficult to deny that a sub stratum of organized globalism exists that is orchestrating a global regime of rules and regulations. These will affect seven billion people around the world while exempting a relative handful of families and individuals doing the orchestrating.
The mainstream media is habitually blasé about what’s taking place and the way the global regime is growing – quickly and powerfully.
It is the biggest story in the world and yet only the alternative ‘Net media gives it the singular urgency it deserves. And even then there are plenty of evolutions that are not fully noted.
This would seem to be one of them. The ramifications of what just happened in DC are enormous. Financial and investment privacy – a hallowed right for centuries if not millennia – has just been outlawed.
You, of course, are reading this article, and perhaps you do understand the heinous ramifications of what just occurred.
Conclusion: If you are one of the minority that does, no doubt you are already contemplating ways you can reinforce your privacy in a manner that does not fall afoul of the new regime. Physical delivery of gold and silver from anonymous sources may feature prominently in your thoughts, as no doubt they should.