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Mister Fister posted:Emma Watson, of all people, was found in the database I predict that the internet flips the gently caress out about this.
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May 11, 2016 02:08
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withak posted:I predict that the internet flips the gently caress out about this.  "How dare my Hermione keep secrets from me" You're drat right she'd need a shell company to do poo poo like buy a house to live in.
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May 11, 2016 02:14
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It's one thing to need a little extra privacy, but give me a break, she could've done it without evading taxes.
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May 11, 2016 02:15
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FAUXTON posted:
Can't you do that with a Trust though?
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May 11, 2016 02:16
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Mister Fister posted:Can't you do that with a Trust though? Probably, but most people didn't grow up with mentally ill creepers counting down the days until you turn 18.
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May 11, 2016 02:20
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Anyone got any Harry Potter puns for this yet?
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May 11, 2016 02:47
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FAUXTON posted:
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May 11, 2016 02:51
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Jumpingmanjim posted:Anyone got any Harry Potter puns for this yet? Obscuro Dinero! *taxable income disappears*
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May 11, 2016 02:54
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Mister Fister posted:Can't you do that with a Trust though? From the article: “UK companies are required to publicly publish details of their shareholders and therefore do not give her the necessary anonymity required to protect her personal safety, which has been jeopardised in the past owing to such information being publicly available. “Offshore companies do not publish these shareholder details. Emma receives absolutely no tax or monetary advantages from this offshore company whatsoever – only privacy.” It's a bit poo poo that it's all out the window again for her.
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May 11, 2016 02:59
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Bastard Tetris posted:Obscuro Dinero!  I wonder what the number of attempted intrusions at the other top outsourcing firms look like nowadays compared to before the PP leaks.
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May 11, 2016 04:44
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So she's a Slytherin then?
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May 11, 2016 07:38
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Discendo Vox posted:The structure of the entity looks more like it's for tax evasion. I don't know how to read these diagrams: what about that structure indicates that it's for tax evasion?
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May 11, 2016 07:47
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Subjunctive posted:I don't know how to read these diagrams: what about that structure indicates that it's for tax evasion? I'm not particularly knowledgeable about these things, but the trust is named in an obfuscatory way and the only other officer is an entity, Bedel Trusts Limited, that was apparently created only to set up the trust. Bedel is set in Jersey, the trust is set up in the virgin islands. Both are tax havens. At a minimum, it's avoidance. Both Bedel and Falling Leaves were probably set up in advance and sold to Watson as a way to keep her income invisible and minimally taxed offshore. Discendo Vox fucked around with this message at 07:56 on May 11, 2016 |
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May 11, 2016 07:53
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I doubt Hogwart's receives much public funding, so it's understandable she might have a bit skewed view on the usefulness of taxes.
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May 11, 2016 08:19
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Wheany posted:I doubt Hogwart's receives much public funding, so it's understandable she might have a bit skewed view on the usefulness of taxes. Hogwarts is run off of untold depths and hoards of goblin-run wizard-nazi gold. E: Where's your avatar from btw?
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May 11, 2016 10:22
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Strangely enough, J K Rowling was rather proud that she never squirreled away her funds and paid her taxes.
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May 11, 2016 11:52
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Armani posted:E: Where's your avatar from btw? https://www.youtube.com/watch?v=kwxIGe1oOJQ
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May 11, 2016 12:17
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Discendo Vox posted:I'm not particularly knowledgeable about these things, but the trust is named in an obfuscatory way and the only other officer is an entity, Bedel Trusts Limited, that was apparently created only to set up the trust. Bedel is set in Jersey, the trust is set up in the virgin islands. Both are tax havens. At a minimum, it's avoidance. Both Bedel and Falling Leaves were probably set up in advance and sold to Watson as a way to keep her income invisible and minimally taxed offshore. Thanks, that's cool. So if it weren't for avoidance, it would have another real officer, and probably be set up in a "good" jurisdiction?
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May 11, 2016 14:14
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Basically everyone is going to issue a press release emphasizing that there are legitimate uses for offshore holdings and that there was no wrongdoing on the part of their client, expect it to be the default and don't listen to any of them
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May 11, 2016 14:21
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Subjunctive posted:Thanks, that's cool. So if it weren't for avoidance, it would have another real officer, and probably be set up in a "good" jurisdiction? That's my not very educated take, yes. If it were for privacy purposes it might still have a meaningless name, though.
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May 12, 2016 00:14
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WarpedNaba posted:Strangely enough, J K Rowling was rather proud that she never squirreled away her funds and paid her taxes. it isnt so strange when you look at her history of being on the dole i know from experience that can help a person understand the value of taxes
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May 12, 2016 00:35
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mrbradlymrmartin posted:it isnt so strange when you look at her history of being on the dole It's unfortunate so many people in the US have similar awareness - hands off my medicare and the like. Sure, that's probably largely an effect of "rugged individualist" marketing which downplays or even omits the fact that someone is receiving publicly funded benefits.
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May 12, 2016 01:05
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mrbradlymrmartin posted:it isnt so strange when you look at her history of being on the dole Yeah, same. I'll take the usual deductions for retirement accounts and spousal support and charities, but I'd never play jurisdictional games to get out of my financial commitments to my country. Social and public services saved my family when I was young, and that's hard to forget.
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May 12, 2016 01:37
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Goffer posted:From the article: Unless I'm missing something about UK public disclosure she could have just as easily bought some shack on the Scottish countryside and registered that as her domicile. You do not need a literal tax heaven shell company to obfuscate your actual place of residency from public record if you have money.
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May 12, 2016 07:59
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No, you want to obfuscate who is participating In a financial transaction, so that when she bids on a house the seller doesn't know they're dealing with someone ultra-rich. Also so that ownership of a random property can't be tracked back to her through corporate records. (You see companies do this sometimes too, where they believe that the identity of one party would influence the other party. I've been part of two deals that were blinded that way.)
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May 12, 2016 08:04
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Subjunctive posted:No, you want to obfuscate who is participating In a financial transaction, so that when she bids on a house the seller doesn't know they're dealing with someone ultra-rich. Also so that ownership of a random property can't be tracked back to her through corporate records. You still don't have to wind up in Jersey by way of the Virgin Islands.
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May 12, 2016 08:09
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Couldn't you just as easily use an intermediary if that's all? And last I checked private company assets aren't public record in the EU.
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May 12, 2016 08:12
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mrbradlymrmartin posted:it isnt so strange when you look at her history of being on the dole Oh, no, I understand her circumstances. I'm more bemused that she didn't become a sociopath the moment she was eligible for Capital Gains Tax, which seems to be the trend.
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May 12, 2016 08:16
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WarpedNaba posted:Oh, no, I understand her circumstances. I'm more bemused that she didn't become a sociopath the moment she was eligible for Capital Gains Tax, which seems to be the trend. When something has saved you and your children from death you tend to be quite fond of it. The people that go full rich lord when they strike it famous are from middle class backgrounds who never really had to struggle for anything. Maybe they didn't have a holiday one year and that's the biggest amount of trauma from their childhood.
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May 12, 2016 08:42
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I know someone mildly famous who had to get a shell corporation set up in another country because otherwise when they use a credit card online they sometimes mysteriously have their info get around and would get mail and phone calls. Once they started using a card which had nothing with their name on it anywhere no matter how much you dug that all stopped. That's my anecdote. Doesn't mean people are not doing shady poo poo with shell companies though.
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May 12, 2016 08:47
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Discendo Vox posted:You still don't have to wind up in Jersey by way of the Virgin Islands. I'm not saying otherwise.
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May 12, 2016 12:41
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Discendo Vox posted:You still don't have to wind up in Jersey by way of the Virgin Islands. Well there was this one time, when we got really really drunk.
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May 12, 2016 12:44
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Space Skeleton posted:I know someone mildly famous who had to get a shell corporation set up in another country because otherwise when they use a credit card online they sometimes mysteriously have their info get around and would get mail and phone calls. Once they started using a card which had nothing with their name on it anywhere no matter how much you dug that all stopped. Did they get their credit card from https://www.freecreditcardsnow.com
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May 12, 2016 13:21
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Fried Watermelon posted:Did they get their credit card from https://www.freecreditcardsnow.com No they originally had one with their manager's name and that got back to them after using it online for a bit. Then they did one with a company name for an agency they didn't officially work for and that still got back to them. Finally they got in touch with a lawyer who does that kind of thing and set up a whole corporate entity using an existing company ready to use for this and it has not happened again for a couple years. There are paparazzi and weirdos who will sift through shittons of documents to find celebrities and it's kind of scary.
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May 12, 2016 15:17
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Bastard Tetris posted:Obscuro Dinero! Harry Potter and the Chamber of SECRET LAND INVESTMENT LIMITED
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May 12, 2016 15:33
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Harry Potter and the Philosopher's Trust
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May 12, 2016 18:48
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Bastard Tetris posted:Obscuro Dinero! Murderion posted:Harry Potter and the Chamber of SECRET LAND INVESTMENT LIMITED FAUXTON posted:Harry Potter and the Philosopher's Trust Looks like large-scale tax evasion has produced something of value after all 
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May 12, 2016 19:24
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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FAUXTON posted:Harry Potter and the Philosopher's Trust Literally the state of Harry Potters inheritance in the story.
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May 13, 2016 09:45
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Xoidanor posted:Literally the state of Harry Potters inheritance in the story. Potter for Tory Leader.
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May 13, 2016 09:56
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blowfish posted:Potter for Tory Leader. Goes to boarding school, engages in weird rituals and initiations, lives in a world that behaves entirerly without the knowledge or consent of the wider population checks out
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May 13, 2016 15:41
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