Where
is Your Money Going?
Large-scale
conglomerates and billionaires bypass the treasury with the aid
of postbox companies. Criminals conceal their proceeds. The
revelations of the Panama Papers have made international headlines.
But
what are postbox companies? There is just a postbox in their name on
the outside of the building yet nothing inside the building belongs
to the company and none of the people working there are employed by
them. The trail leads only to a bank account.
They
are companies only name. As a rule, a postbox company is
established in one of the caribbean tax havens such as Panama, the
British Virgin Islands or the Cayman Islands with the help of local
lawyers and accountants. Pro
forma
there is often a nominee, but his task is only to pay the
registration fee once a year. In order to conceal cash flows, money
is bounced around all over the world through various accounts.
Consequently it is nearly impossible to figure out who is the end
benefit to the company.
Where
is the money coming from? The postbox companies hold the money of
many politicians, actors, celebrities, billionaires, arms dealers and
perhaps also tax fraudsters. Big companies like Google, Apple or
Starbucks skiped their money with the help of postbox companies
around all over the world for pay the lowest taxes as possible.In the
fact that tax fraudsters do no pay any taxes, means that taxpayers
have to compensate them. Countries like Great Britain and France
override against this companies but countries like Germany do not.
But why? Germany would endamage themselves by proceed against - for
example - Google. Instead of win more taxes they would lose billions.
For though the german export industry pay taxes rather at home than
in the countries, where they bring billions in.
At
the beginning of June, the European parliament set up the "Pana"
Research Committee to clarify the events. But this Committee is
causing anger. European Council juries accuse Parliament of illegally
interfering in the affairs of the Member States. In an opinion the
governments are obliged to cooperate with the committee - and even
point out that the panel could be dissolved.
