BREAKING: U.S. FEDERAL COURTS ALLOW THE IRS TO PURSUE WEALTHY AMERICANS SUSPECTED OF OFFSHORE TAX EVASION

Who wrote the rules to make offshore tax evasion legal?

“US authorities obtained a court order allowing them to demand financial information from banks and couriers about wealthy Americans suspected of using a Panamanian law firm to evade taxes.”

behind the paywall https://www.bostonglobe.com/2021/07/29/business/wealthy-americans-targeted-by-us-panama-tax-fraud-probe/

NOT behind the paywall

https://www.bnnbloomberg.ca/wealthy-americans-targeted-by-u-s-in-panama-tax-fraud-probe-1.1634573

U.S. District Judge Gregory Woods modified an order Wednesday that authorized the IRS to issue summonses to entities including the Federal Reserve Bank of New York, the Clearing House Payments Co., HSBC Bank USA N.A., Citibank N.A., Wells Fargo N.A., Bank of America N.A., FedEx Corp., United Parcel Service Inc. and DHL Express.

The IRS will be figuring out who has what money where, how they’ve hidden it, who helped out the transactions…OMG it’s gonna be like the Lollapalooza of wire fraud and racketeering felony prosecutions.

https://twitter.com/ericgarland/status/1420866727882203147/photo/1

That’s going to mean that Crown tax-haven Jersey island is going to have to get its shit together. You know? Like getting a real, internationally acceptable, credible, criminal justice system. Can’t wait!

Trump Made Millions of Dollars From Drug Money Laundering in Panama: Report

Didn’t Princess Grifter have a big project in Panama?

Robert Mercer’s estimated $6.8 billion unpaid tax debt is a crucial example of the other problem of ‘dormancy’ and the need for reform.

Remember Drumpf didn’t want to sign this

US lawmakers move to end anonymous shell companies in national defense spending bill

A major anti-money laundering reform is expected to arrive in annual omnibus legislation with bipartisan support.
https://www.icij.org/inside-icij/2020/11/us-lawmakers-move-to-end-anonymous-shell-companies-in-national-defense-spending-bill/

NOT GOOD

The Air Force plans to spend at least $55,000,000,000 to field its new bomber, and we’re supposed to believe we can’t afford child care, paid family leave, and climate-resilient infrastructure?

Someone’s been faking the locations of aircraft carriers, nuclear submarines, and more to make it look like they crossed into disputed territory—even though they’re hundreds of miles away in real life. Wild scoop from @meharris

Phantom Warships Are Courting Chaos in Conflict Zones
The latest weapons in the global information war are fake vessels behaving badly.

https://www.wired.com/story/fake-warships-ais-signals-russia-crimea/