Dirty Banks help clients “steal over $63B” in taxes from European countries — massive theft

in #esteem6 years ago

Source: https://news.bitcoin.com/worlds-biggest-banks-helped-clients-steal-63-billion-in-taxes-in-europe/

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Undercover journalists in over 12 countries have detailed the greatest tax theft known.

Over 180,000 documents show a trail of Banks working with clients to massive defraud countries for taxes.

Leading banks you, UBS, BNP, Barclays, JP Morgan, Morgan Stanley, Deutsche Bank and other are all involved.

It appears that together the banks and clients would create the false paperwork and receive monies and split the ill-gotten funds.

The investigation covers from 2011 - 2016 (source : https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/8772-cumex-files-european-taxpayers-cheated-out-of-55-billion )

German media discovered this anomaly in 2017 data.

This should be front and center in all media around the world this weekend.

The banks are caught red-handed and are up to their nose in corruption — they got caught. They have the documents.

Of course the politicians now come out and say how terrible it is.

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Over a dozen countries were affected with Belgium, Denmark and Germany “hardest hit”.

It nice to see journalists discover this....kudos to them.

Let’s see all the bankers and clients held accountable.

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Almost half the total of BTC market. I think they will be fined a few million only

Yes....steal a $million and pay a $100k fine. That seems to be the norm for the bankers.

Have to punish individuals not just money fines. Jail time.

I agree. I thought this would be bigger news. It shows you how information is controlled vs the bankers.

They have a hold on everything but "all" the people.

Yes, the people are beginning to see.

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