January 11, 2022 - Douglas Myser

Pandora papers tax corruption. The Tax scandel known as the Pandora Papers, not to be confused with the Panama Papers which goes back several year and involved the same type of tax related fraud, is causing headlines as is showcases the fact that celebrities, sports figures, and politicians, are gaming the tax system, to avoid paying taxes that ordinary people pay. The revelations are more startling, given that the governments of the world have a huge need for additional revenue due to the Covid Pandemic, and govenrment programs needed to combat the pandemic. Pandora papers tax corruption.

In Kenya, Uhuru Kenyatta has cultivated the persona of a determined foes of corruption, saying in 2018 that "every public serviant's assets must be declared publicly". But Pandora documents show that he and several close relatives set up at least seven entities offshore that hold money and real estate worth more than $30 million. Its doubtful he will need Tax Resolution Services. In a statement, Kenyatta didnot refer to specific allegations buy said that "these reports will go a long way in enhancing the financial transparency and openness that we require in Kenya and around the globe." He said the Pandora Papers will "lift the veil of secrecy and darkness for those who can ot explain their assets or wealth." An amazing denial in the face of direct allegations !!!

Other world leaders linked to offshore accounts found in the Pandora trove include President Milo Djukanovic of Montenegro, President Sebastian Pinera of Chile, and President Luis Abinader of the Dominican Republic. There are revelations about the offshore holdings of Sri Lankan power couple Thirukumar Nadesan and Nirupama Rajapaksa: and Dubai ruler Mohammed bin Rashid al-Makoum. But newly revealed details about the offshore assets held by King Abdullahof Jordan, a long time U.S. ally, are particularly torubling. As his tax free stash was amoung the largest of all the world leaders that was disclosed. It seems a two tiered system for paying taxes has been set up, and most of the world is being fleeced by a select samll group of corrupt individuals.