The spiritual forces of our African-Americana Ancestries, who arrived on the shores of Panama long before any colonial power did, have created the blissful space for the birth of what is now known as the “Panama Papers.” Our African-Americana Ancestries’ historical trauma, barbaric treatment and immoral, inhumane suffering has unleashed the wheels of justice to correct appalling acts of greed.
The most important fact that we the people must fully understand is; the information provided in the leaked Panama Papers is one of the greatest data leaks in history. It is a huge deal and its’ magnitude will eventually expand throughout the entire world. Those of us who represent the 99 percent of the global citizenry has been given a gift of monumental proportions.
With this knowledge in hand, we will command all elected officials and political leaders across the nation to name names and more importantly, create a “Blue Ribbon” committee charged with comprehensively investigating fraud, drug trafficking, and tax evasion of those identified in the Panama Papers. We must demand extensive transparently and above all, maximum accountability and punishment for those deemed responsible for committing criminal acts.
The world community is experiencing a major crisis in confidence as it relates to global capitalism. In the United States specifically, everyday Americans, after paying payroll taxes; however, they still struggle to find resources to pay additional taxes to avoid penalties and fines. Therefore, we must demand all off-shore scam operations utilized by heads of state, elected officials, moguls, and millionaires/billionaires to shut down immediately.
The United States of America is in the process of choosing the next president of the biggest economy in the WORLD; however, few US names has appeared in Panama Papers Leak- “Why Not”. Perhaps the reason there are so few Americans being outed in the Panama Papers is due to the 2010 United States—Panama Trade Promotion Agreement, which included a taxation clause. When executed legally, this agreement provides for information sharing between the two countries on tax related matters.
Soon after the release of the leaked Panama Papers, Both Democratic presidential candidates; Hillary Clinton and Bernie Sanders, promise to take decisive action against the wealthy and the powerful who has avoided paying their fair taxes. To date, not one of the Republican presidential candidates have mentioned the Panama Papers; undoubtedly one of the biggest financial scandals on the planet. Moving forward, we the people must demand that all candidates and all elected officials acknowledge their position, knowledge, and involvement in this fiscal scandal called the Panama Papers.
Taxpayers must demand that our government/political leaders answer these four questions related to the Panama Papers. (1) Do they have person involvement in the network of shell companies identified; (2) Do they know where the money invested in shell companies come from; (3) Do they know where these funds are going; and (4) What will they do to put an end to these illegal tax dodging money-laundering operations”?
In fact, governments and political leaders from around the world have always known about Mossack Fonseca and other global tax havens, shell companies, and other illegal corporate structures. They know that these associations are used for tax-evasion; however, they have not moved against them. These entities that operate in the shadows are responsible for maintaining global poverty and they are doing real harm to world economies. Moreover, they are doing it in plain sight.
Journalists from around the world are sharing information to hunt down “leads generated by the Panama Papers leaked files. They are using corporate filings, property records, financial disclosures, court documents and interviews with money laundering experts and law-enforcement officials. This is a good start; however, we cannot afford to leave the revelation of the names of wealthy individuals, corporate elite, wealthy investors or anyone else to a small group of investigative reporters. Nor can we allow this issue get caught up in the daily news spin and again, be hidden from view.
Each and every one of us who has access to a computer must investigate these selfish acts of high-tech thievery and keep this investigation alive. Governments have forced global taxpayers, year after year, to dig deep into our pockets to pay the taxes of for the rich and famous for far too long. The Panama Papers has revealed some of the most clandestine ways, world’s most well-known leaders, politicians, celebrities, corporate elite, Mafia groups, and other criminals have used unethical and in some cases illegal methods to hide money and business transactions to avoid paying taxes.
The impact of the Panama Papers has the potentials to create a pyridine shift in the area of global financial transparency and accountability. Additionally, we the people must pressure political leaders to close all the loopholes that allowed this situation to exist in the first place. We must aggressively go after every dime of this off-shore blood money and severely punish those guilty of crimes!
We, the global family of taxpayers, must use our collective powers to ensure that we live in a society that’s moving toward equity and fair-play, not away from it.
Information Revealed In The Panama Papers:
1) 1,000 secret Nevada firms, two overseas addresses
2) The financial records show more than 600 of the companies’ corporate officers are listed at one of just two addresses in the world
3) Files reveal the offshore holdings of 140 politicians and public officials from around the world
4) Some of the current and former world leaders in the data include prime ministers of Iceland and Pakistan, the president of Ukraine, and the king of Saudi Arabia
5) More than 214,000 offshore entities appear in the leak, connected to people in more than 200 countries and territories
6) Major banks have driven the creation of hard-to-trace companies in offshore havens
We the people must demand the next President of the United States to immediately commission the U.S. Banking System to freeze all illegal accounts and terminate all private tax system that benefits the wealthy and famous anywhere in the world. As President Obama has often said, WE ALL MUST PLAY BY THE SAME RULES