Post by jeffolie on Apr 6, 2013 7:15:26 GMT -6
Secret accts: 33% world wealth 50% trade Offshore
85 investigative journalists have been reviewing information, files to uncover the public fiquires participating in using Hidden Offshore Bank Accounts Around the World. This group will be releasing selective details of this data much like Wikileaks exposed information which embrassed govts, individuals.
The video is just under 8 minutes as a segment on the PBS newshour program.
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REPORT AIR DATE: April 5, 2013
Journalists Expose Trove of Hidden Offshore Bank Accounts Around the World
SUMMARY
Around the world, government officials and individuals use offshore accounts to hide their wealth and evade heavy taxes. Hari Sreenivasan talks to Gerald Ryle, director of the International Consortium of Investigative Journalists, about the findings of a massive cross-border collaborative investigation
www.pbs.org/newshour/bb/business/jan-june13/accounts_04-05.html
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my jeffolie notes on the 8 minutes PBS segment: Hidden Offshore Bank Accounts Around the World
the International Consortium of Investigative Journalists combing through more than 2 million files of 'transaction data' 60 larger than the Wikileaks data of 2010 for more than 1 year
more than 120,000 offshore accts data subject to the 1st, initial reviewing by 'journalists' in more than 46 countries
covert accounts and companies were used to 'shield' govt officials and individuals wealth with the help of banks
the secret world labelled "Offshore"
users included moderately wealthy such as doctors, dentists not just the super wealthy
'enables' fraud, tax dodging, corruption
mostly legal, legitimate users
'illegal; defined as those who legally should have reported their activities to authorities however did not report it
rogue nations including an Iranian shipping company use "Offshore"
4,000 American names included in the list of users of Offshore
$21 to $30 Trillion floats around in Offshore according to the 'Tax Justice Network', an advocacy group
50% of world trade and 1/3rd of all World's wealth in Offshore according to the 'Tax Justice Network', an advocacy group
names are from 170 countries
providers to service the Offshore for banks and individuals create the 'means' to setup Offshore accounts, Offshore companies, etc to conduct business secretly
the International Consortium of Investigative Journalists of 86 'reporters' plans to 'report' for another 2 weeks; then, go back to the remaining 80% of the data which has not yet been 'reviewed'
this represents the 1st attempt to break open the data by the International Consortium of Investigative Journalists
85 investigative journalists have been reviewing information, files to uncover the public fiquires participating in using Hidden Offshore Bank Accounts Around the World. This group will be releasing selective details of this data much like Wikileaks exposed information which embrassed govts, individuals.
The video is just under 8 minutes as a segment on the PBS newshour program.
=====================================
REPORT AIR DATE: April 5, 2013
Journalists Expose Trove of Hidden Offshore Bank Accounts Around the World
SUMMARY
Around the world, government officials and individuals use offshore accounts to hide their wealth and evade heavy taxes. Hari Sreenivasan talks to Gerald Ryle, director of the International Consortium of Investigative Journalists, about the findings of a massive cross-border collaborative investigation
www.pbs.org/newshour/bb/business/jan-june13/accounts_04-05.html
---------------------------------------------
my jeffolie notes on the 8 minutes PBS segment: Hidden Offshore Bank Accounts Around the World
the International Consortium of Investigative Journalists combing through more than 2 million files of 'transaction data' 60 larger than the Wikileaks data of 2010 for more than 1 year
more than 120,000 offshore accts data subject to the 1st, initial reviewing by 'journalists' in more than 46 countries
covert accounts and companies were used to 'shield' govt officials and individuals wealth with the help of banks
the secret world labelled "Offshore"
users included moderately wealthy such as doctors, dentists not just the super wealthy
'enables' fraud, tax dodging, corruption
mostly legal, legitimate users
'illegal; defined as those who legally should have reported their activities to authorities however did not report it
rogue nations including an Iranian shipping company use "Offshore"
4,000 American names included in the list of users of Offshore
$21 to $30 Trillion floats around in Offshore according to the 'Tax Justice Network', an advocacy group
50% of world trade and 1/3rd of all World's wealth in Offshore according to the 'Tax Justice Network', an advocacy group
names are from 170 countries
providers to service the Offshore for banks and individuals create the 'means' to setup Offshore accounts, Offshore companies, etc to conduct business secretly
the International Consortium of Investigative Journalists of 86 'reporters' plans to 'report' for another 2 weeks; then, go back to the remaining 80% of the data which has not yet been 'reviewed'
this represents the 1st attempt to break open the data by the International Consortium of Investigative Journalists