Pandora papers showed that people are using loopholes in tax laws to hide their wealth in tax havens to hide their wealth or ill gotten gains. They are not using cryptocurrency to do that, there are plenty of loopholes in tax laws for doing it legally.
The rich are holding properties and investments under a network of offshore companies that are set up in other countries, or "offshore".
These offshore countries or territories are where:
- it's easy to set up companies
- there are laws that make it difficult to identify owners of companies
- there is low or no corporation tax.
The best part of it is that using tax havens to dodge taxes is not illegal. Loopholes in the law allow people to legally avoid paying some taxes by moving their money or setting up companies in tax havens, but it is often seen as unethical.
Its estimated that from $5.6 trillion to $32 trillion is hidden in tax havens, according to the ICIJ. The IMF has said the use of tax havens costs governments worldwide up to $600bn in lost taxes each year.
To hide money all you need to do set up a shell company in one of the countries or jurisdictions with high levels of secrecy. This is a company that exists in name only, with no staff or office. It costs money though. Specialist firms are paid to set up and run shell companies on your behalf. These firms can provide an address and names of paid directors, therefore leaving no trail of who is ultimately behind the business.
When such a huge amount of money is hidden in offshore havens, the rich still blames cryptocurrency as the culprit for money laundering. This is classic gaslighting. They are projecting and blaming the most vulnerable group, what they do themselves.
This legal way of tax dodging will never end because the people that could end the secrecy offshore are themselves benefiting from it. So there's no incentive for them to end it.
Its time more people speak up against this and move more towards cryptocurrency where all data is independently verifiable.
EDIT 1: It was a mistake on my part to say crypto is not used for money laundering. I saw that Bill Gates mentioned cryptocurrency as an innovation that the world can do without because it is sometimes used for criminal activities and with the current pandora papers leak where the ultra rich was dodging taxes using tax havens and trusts and thought , here is a guy doing borderline unethical things to dodge taxes and is bad mouthing a nascent technology becau
... keep reading on reddit ➡I really need the answer for this thanks. P.S: I live in iran and as you know internet is heavily censored and monitored and all ISPs are working with government.
Detailed report on some new attacks by threat actors on systems around the world. The last point in the list is interesting as so many people will click on OK without thinking...
Mandiant continues to track multiple clusters of suspected Russian intrusion activity that have targeted business and government entities around the globe. Based on our assessment of these activities, we have identified two distinct clusters of activity, UNC3004 and UNC2652. We associate both groups with UNC2452 also referred to as Nobelium by Microsoft.
Some of the tactics Mandiant has recently observed include:
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Compromise of multiple technology solutions, services, and reseller companies since 2020.
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Use of credentials likely obtained from an info-stealer malware campaign by a third-party actor to gain initial access to organizations.
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Use of accounts with Application Impersonation privileges to harvest sensitive mail data since Q1 2021.
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Use of both residential IP proxy services and newly provisioned geo located infrastructure to communicate with compromised victims.
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Use of novel TTPs to bypass security restrictions within environments including, but not limited to the extraction of virtual machines to determine internal routing configurations.
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Use of a new bespoke downloader we call CEELOADER.
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Abuse of multi-factor authentication leveraging “push” notifications on smartphones
Full report: https://www.mandiant.com/resources/russian-targeting-gov-business
A young person's perspective on the state of Australian politics:
I frequently wonder why protesting is less common now than in years gone by, in particular because of climate change and this government's (lack of) action. As well, democracy in Australia seems to be under genuine threat.
I have a genuine sense of frustration that there's not a whole lot I can do to affect change and exercise a democratic voice. I follow politics moderately closely - informed but not obsessed - and the conclusion is inevitable: this government is leading an unprecedented decimation of Australian democratic precedence and values, and is demonstrably corrupt (both materially and morally).
It therefore surprises me that there is not a unified, loud, protesting voice against Scott Morrison and his blatantly self-interesed government. When it comes to protesting, it seems like you either a) do nothing, or b) f---ing chain yourself to some train tracks. The women's march was a good example of mainstream protesting action - why hasn't there been more?
Obviously the answer is not simple. It probably involves factors like social media (the ability to express a voice without moving), governments' gradual clamping down on protesting having some impact, and a lack of recognition in maintream Australia of the extent of the issues (probably fed by an outdated media model - "fourth estate" - that is being taken advantage of by Scott Morrison as an amplifier of his message, even if it is a lie).
Perhaps COVID is the big underlying explainer. I don't know. I'd be curious what others thought of this too. So far the only outlets I've found for doing something have been donating (e.g. the grassroots independent movement) and obviously voting. Another idea is door-knocking or otherwise volunteering closer to the election, but the thought of that is still marked by a sense of fatalism - would it even make any difference?
Tl;dr, where's the coordinated movement against this government? Curious as to people's thoughts about why it's not there.
Regular US citizens are often too busy to look into politics and the passing of new laws each year. This is why independent journalists and mainstream media are depended on to review the news and details of these subjects and report the highlights. Well what if for one week the whole of government stops besides for the essential departments. All government documents regarding the previous year are opened up and we as the US people go through their dealings. Then if there is anything people feel should be reversed or reviewed we go through a new process of evaluation.
I know we like to stay hyped but being victimized for the last 7 months by their ongoing criminal activity has taken a toll on my mental health. Negligence is listed as an at fault reason for a civil suit, looking at you SEC.
This probably has been asked before but seriously. Why not create a Men in Black type organization with memory erasing magic that solves supernatural activity instead of alien? You would think the military or CIA or FBI would know of the supernatural.
Make sure you patch your exchange servers.
Looks like they are exploiting CVE-2021-34473
