Hiding Money – The Panama Papers


Panama and the U.S. have at least one thing in common: Neither has agreed to new international standards to make it harder for tax evaders and money launderers to hide their money.

Over the past several years, amid increased scrutiny by journalists, regulators and law enforcers, the global tax-hav_panama_index_draft2en landscape has shifted. In an effort to catch tax dodgers, almost 100 countries and other jurisdictions have agreed since 2014 to impose new disclosure requirements for bank accounts, trusts and some other investments held by international customers — standards issued by the Organization for Economic Cooperation and Development, a government-funded international policy group.

Places like Switzerland and Bermuda are agreeing, at least in principle, to share bank account information with tax authorities in other countries. Only a handful of nations have declined to sign on. The most prominent is the U.S. Another, Panama, is at the center of a storm over tax evasion and global cash flight.

A law firm there helped set up tens of thousands of shell companies, according to a report by the International Consortium of Investigative _panama_firma_aufmacher_finalJournalists. ICIJ and other news organizations published reports they said showed global efforts to hide wealth, undertaken by global politicians and the ultra-rich, with the aid of banks and lawyers. The central tool: shell companies that people used to shield the identity of the owners’ assets. While such structures can be legal, they can also support efforts to avoid taxes.

Panamá y los EE.UU. tienen al menos una cosa en común: Ninguno de los dos ha acordado nuevas normas internacionales para hacer más difícil para los evasores y lavadores de dinero para ocultar su dinero.

En los últimos años, en medio de un mayor escrutinio por parte de los periodistas, los reguladores y agentes de la ley, el panorama global de paraíso fiscal se ha desplazado. En un esfuerzo para atrapar evasores de impuestos, casi 100 países y otras jurisdicciones han acordado desde 2014 para imponer nuevos requisitos de información de cuentas bancarias, fideicomisos y otras inversiones mantenidas por los clientes internacionales – las normas emitidas por la Organización para la Cooperación y el Desarrollo Económico, un gobierno grupo de política Internacional financiado.
One of the main reasons that Donald Trump has been able to successfully catapult himself from reality television star to dominant Republican presidential frontrunner is his unrivaled ability to vilify undocumented immigrants. More than any other candidate in the race, he’s been able to capitalize on the anxiety among many conservatives that undocumented immigrants are people who take from citizens without giving anything in return.

Undocumented immigrants pay an estimated $12 billion in taxes to the federal government annually. But that’s just for Uncle Sam. A new report by the Institute on Taxation and Economic Policy shows that undocumented immigrants also pay quite a lot in state and local taxes — $11.6 billion a year. And that amount would increase significantly if the U.S. was to undertake serious immigration reform.

How do they do it? Undocumented immigrants contribute to local and state government revenue in three main ways: sales taxes, property taxes and income taxes.

Undocumented immigrants vs. the 1%: The vast majority of the tax revenue is generated through sales and property taxes, which disproportionately affect low-income people. Undocumented immigrants are, on average, effectively paying 8% of their incomes in state and local taxes, while the top 1% of taxpayers pay an average nationwide effective tax rate of just 5.4%, according to ITEP. Undocumented workers are certainly not getting off easy.

Immigration reform would only improve the flow of money to the government. With legal status, undocumented workers’ wages would increase, and all of them would begin to comply with income tax protocols. Both of those would mean more money for the government, and exceed the increased spending on refundable tax credits and other federal benefits that would accompany legalization.

No matter how you cut it, undocumented immigrants are paying plenty in taxes. And the evidence suggests that allowing them to live here legally would be an effective way to have them pitch in even more.

Una de las principales razones por las que Donald Trump ha sido capaz de catapultar con éxito a sí mismo de estrella de televisión a favorito presidencial republicano dominante es su capacidad inigualable para vilipendiar a los inmigrantes indocumentados. Más que cualquier otro candidato en la carrera, que ha sido capaz de sacar provecho de la ansiedad entre muchos conservadores que los inmigrantes indocumentados son personas que toman parte de los ciudadanos, sin dar nada a cambio.

Los inmigrantes indocumentados pagan un estimado de $ 12 mil millones en impuestos al gobierno federal cada año. Pero eso es sólo para el Tío Sam. Un nuevo informe del Instituto en materia de tributación y de política económica muestra que los inmigrantes indocumentados también pagan mucho en impuestos estatales y locales – $ 11.6 mil millones al año. Y esa cantidad se incrementaría significativamente si los EE.UU. fue emprender una reforma migratoria seria.

¿Cómo lo hicieron? Los inmigrantes indocumentados contribuyen a los ingresos del gobierno local y estatal en tres formas principales: impuestos sobre las ventas, impuestos a la propiedad y los impuestos sobre la renta.

La manera más obvia es las ventas y los impuestos especiales, que se recogen cada vez que alguien compra bienes y servicios. Cada vez que los inmigrantes indocumentados gastar dinero en artículos como ropa o papel higiénico o de gas, una parte de eso va a las arcas de los gobiernos locales y estatales.

Los inmigrantes no autorizados también contribuyen impuestos a la propiedad, ya sea directamente si son propietarios de una casa, o indirectamente a través de sus cheques de alquiler que se rellenan para cubrir los impuestos.