Friday, May 10, 2013

THE MOTHER OF ALL LEAKS

The Fall of the 1%
Johann Wagener 5-10-13


They can run but there's fewer places to hide. What good is having all the money in the world and no place to spend it without being scorned?

You are not going to read about this or hear it on cable news in the USA because the people who own the media are the same people who are being called out; along with all those who pander to them.


The U.S., British and Australian authorities are working with a gigantic cache of leaked data that may be the beginnings of one of the largest tax investigations in history.
The secret records are believed to include those obtained by the International Consortium of Investigative Journalists that lay bare the individuals behind covert companies and private trusts in the British Virgin Islands, the Cook Islands, Singapore and other offshore hideaways.
The hoard of documents obtained by ICIJ represents the biggest stockpile of inside information about the offshore system ever gathered by a media organization.
But the British tax authority claims it has even more data.
The total size of the ICIJ files, measured in gigabytes, is more than 160 times larger than the leak of U.S. State Department documents by Wikileaks in 2010.
A statement from the British tax office puts the size of the data obtained by the three tax authorities at 400 gigabytes, compared to the 260 gigabytes gathered by the ICIJ.
“The 400 gigabytes of data is still being analyzed but early results show the use of companies and trusts in a number of territories around the world including Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands,” the British tax office statement said.
“The data also exposes information that may be shared with other tax administrations as part of the global fight against tax evasion.”


Tax Authorities Move on Leaked Offshore Documents