The South Dakota case where trusts proliferate whose beneficiaries are unknown. Brussels will file a motion against the abuse of shell companies.
Washington judges from nine countries, including Spain, Brazil, Australia and the Czech Republic, have already launched investigations into the findings Pandora Leaves: Tax evasion and money laundering. Paolo Gentiloni, the European Commissioner for the Economy, announced that Brussels will present a motion against the abuse of shell companies during the year.
An investigation by the International Consortium of Investigative Journalists, which includes 150 media outlets in the world, revealed: – smuggling 35 heads of state and government, From politicians, businessmen, sports and entertainment stars.
News continues to flow in the international media.
Le Monde wrote that Dominique Strauss-KahnThe former director general of the IMF, in 2013 he founded a company in Morocco, Parnas International, through which he directed his personal income, extracting it from the French tax authorities. On the other hand, the Guardian newspaper is skeptical The crown who bought a building in London From the family of Ilham Ali, President of Azerbaijan. Suspicion of high money laundering.
Yesterday was also the day of denial. Kremlin spokesman Dmitry Pesko denied Vladimir Putin revealed Unreliable. Jordan’s King Abdullah II justified the secret purchase of villas in the United States and London on security grounds. and so on and so on.
Pandora’s Papers opens up a political issue in the United States as well. The Washington Post followed in his footsteps 206 obscure accounts used by foreigners from 41 different countries. They include Dominican Republic President Luis Abenader, President of Ecuador, Guillermo Lasso, King of Jordan, businessmen, and stars of the show. One of the most active crossroads is South Dakota, a state that has encouraged the formation of so-called trusts. Local legislation allows these companies to examine the identity of the beneficiary and the movements of funds. Within a few years the trusts in South Dakota had doubled. The papers show how the most active Trident TrustIt is based in Sioux Falls. It is in fact a long-standing phenomenon, prevalent in different countries, albeit to varying degrees. From Delaware to Alaska, and from Florida to Nevada.
Joe Biden at a press conference, Evade the issue of tax havens interior. But the problem is that the president is committed to stamping out tax evasion and corruption.
On January 1, 2021, Congress, after two years of debate, approved Transparency LawAnd The law that updates, among other things, anti-money laundering tools. The ruling requires corporations incorporated in the United States to disclose shareholders or beneficiaries. But the new ruling does not mention trust. In theory, there is room to fix the legislative loophole: The rules will go into effect when the Treasury issues the implementing regulations. Deadline January 2022.
Management has to face The reaction of the concerned countries. Bipartisan alignment. Republican South Dakota; Delaware by the Democrats.
Oct 4, 2021 (change Oct 4, 2021 | 23:52)
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