Rothschilds establish billionaire tax haven INSIDE America

rothschild-tax-haven-nevada-reno

http://thefreethoughtproject.com/rothschilds-prove-elite-bankers-rule-world-establish-billionaire-tax-haven-america/

‘Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom.” – William Pitt Chancellor of the Exchequer, at the inauguration of the first National Bank in the United States under Alexander Hamilton.

The U.S. is quickly becoming known as the new Switzerland of international banking, due to its refusal to sign onto the new global disclosure standards, issued by the Organization for Economic Co-operation and Development (OECD), a government-funded international policy group.

The process of moving massive amounts of international capital from typical tax havens, into the U.S., is being driven by a familiar name in the world of international finance – Rothschild & Co.

Rothschild, a centuries-old European financial institution, manages the wealth of many of the world’s most wealthy families and has been instrumental in helping move the global elite’s wealth from traditional tax havens like the Bahamas, Switzerland and the British Virgin Islands to the U.S.

Driving the phenomena of international capital flow into the U.S. is its refusal to agree to the new international disclosure standards that it essentially wrote. After coercing almost 100 countries to sign on to the OECD disclosure standards, the U.S. now refuses to become a signatory.

“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent legal journal. “That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”

The U.S. Treasury Department has proposed similar standards to OECD for foreign-owned U.S. accounts, but those proposals have failed due to political and banking industry opposition.

According to a report by Bloomberg:

For decades, Switzerland has been the global capital of secret bank accounts. That may be changing. In 2007, UBS Group AG banker Bradley Birkenfeld blew the whistle on his firm helping U.S. clients evade taxes with undeclared accounts offshore. Swiss banks eventually paid a price. More than 80 Swiss banks, including UBS and Credit Suisse Group AG, have agreed to pay about $5 billion to the U.S. in penalties and fines…

The U.S. was determined to put an end to such practices. That led to a 2010 law, the Foreign Account Tax Compliance Act, or Fatca, that requires financial firms to disclose foreign accounts held by U.S. citizens and report them to the IRS or face steep penalties.

Inspired by Fatca, the OECD drew up even stiffer standards to help other countries ferret out tax dodgers. Since 2014, 97 jurisdictions have agreed to impose new disclosure requirements for bank accounts, trusts, and some other investments held by international customers. Of the nations the OECD asked to sign on, only a handful have declined: Bahrain, Nauru, Vanuatu—and the United States.

After opening a trust company in Reno, Nev., Rothschild & Co. began ushering the massive fortunes of the world’s most wealthy individuals out of typical tax havens, now subject to OECD international disclosure requirements, and into the Rothschild run U.S. trusts, which are exempt from the international reporting requirements.

The impetus for the wealthy to put their money into the U.S. is the promise of confidentiality, which in itself is interesting – considering how little of it Americans actually have at this point.

In an odd twist of fate, the U.S. Treasury Department takes a very strong stand against international tax evasion – unless you put that money into a U.S trust account – which coincidentally is being helmed by Rothschild & Co.

The words of Andrew Penney, managing director of Rothschild & Co., are extremely clear to international investors; the U.S. is now the world’s biggest tax haven. In a draft for a presentation in San Francisco, Penny wrote that the U.S. “is effectively the biggest tax haven in the world.”

Penney, 56, is now a managing director based in London for Rothschild Wealth Management & Trust, which handles about $23 billion for 7,000 clients from offices including Milan, Zurich, and Hong Kong, according to Bloomberg Business. A few years ago he was voted “Trustee of the Year” by an elite group of U.K. wealth advisers.

For decades, Switzerland was the global capital for confidential bank accounts. But, in what seems like some kind of odd parallel universe, the U.S. has now become one of the only countries in the world where financial advisors actually promote that accounts will remain secret from international authorities.

So let’s be clear – if you are an international uber elite with vast amounts of wealth you can hide that capital in the U.S. to evade taxes, but if you are an average American citizen that refuses to pay your taxes, expect to be locked in a cage.

————

thanks to maria for the link..

https://seeker401.wordpress.com/2016/01/30/oecd-deal-on-corporate-tax-avoidance-signed-by-31-nations/

“few notable countries missing as well..”

yeah there was..one being the old US of A..

and or good reason..reno is now tax haven central..these guys are evil geniuses..always two steps ahead..

“the U.S. has now become one of the only countries in the world where financial advisors actually promote that accounts will remain secret from international authorities.”

irony..

“The words of Andrew Penney, managing director of Rothschild & Co., are extremely clear to international investors; the U.S. is now the world’s biggest tax haven.”

he “said” it..not me..

401

~ by seeker401 on February 3, 2016.

28 Responses to “Rothschilds establish billionaire tax haven INSIDE America”

  1. https://nevadastatepersonnelwatch.wordpress.com/2016/02/01/you-do-realise-that-exposing-the-illegal-things-your-government-has-been-doing-is-illegal/

  2. out of topic
    look-out
    http://www.theregister.co.uk/2016/02/03/wordpress_javascript_malware_attack/

  3. Get rid of usury, and you get rid of the Rothschilds and debt-slavery.
    Too many people have been raised & indoctrinated into thinking usury is a normal state of affairs when, in reality, all you need do is originate your shekels from the government Treasury department and you could be living in a country that bans usury, lends its money to qualified borrowers interest-free, and thus eliminates almost all of its inflationary problems.

    But if you did that, you would eliminate an important conduit through which the parasitic can lay around on their butts and take a share of everyone else’s productivity without lifting a finger to produce anything themselves…

  4. Presenting The Mossack Fonseca Interactive Web Of Secret Companies

    http://www.zerohedge.com/news/2016-04-03/presenting-mossack-fonseca-web-secret-companies-and-all-available-source-files

  5. http://www.zerohedge.com/news/2016-04-03/mossack-fonseca-nazi-cia-and-nevada-connections-and-why-its-now-rothschilds-turn

  6. So it would seem that Rothchild really is the global ‘Godfather’ among the cabal member’s Jewish mafiosa.

  7. wow. the biggest tax haven is USA…?

  8. this ties in to deflation… money rushing to the US puts upwards pressure on the value of the dollar.

  9. Goldmoney has just begun issuing a Goldmoney MasterCard to be used anywhere in the world .. except the following ..

    Currently, we are unable to issue a GoldMoney® MasterCard® Prepaid to clients resident in any country which is determined to be a sanctioned country by, inter alia, the Office of Foreign Assets Control, the States of Jersey, the European Union, and the United Nations, including but not limited to the following countries: Afghanistan, Albania, Belarus, Central African Republic, The Democratic Republic of Congo, Côte d’Ivoire, Cuba, Dominican Republic, Ecuador, Eqypt, Eritrea, Guinea, Guyana, Haiti, India, Indonesia, Iran, Iraq, Laos, Nigeria, North Korea, Lebanon, Liberia, Libya, Myanmar, Panama, Papua New Guinea, Russia, Rwanda, Sudan, Syria, Tunisia, Uganda, Ukraine, Yemen, and Zimbabwe.

    Apparently those countries are non compliant with FATCA .. the net used to rein in loose change ..

    Genius: FATCA has brought in just $13.5 billion in revenue on a cost of $1 trillion

    https://www.sovereignman.com/trends/genius-fatca-has-brought-in-just-13-5-billion-in-revenue-on-a-cost-of-1-trillion-18665/

    • States of Jersey..

      • Having taken over Goldmoney, it’s now clear who’s behind this ‘safe haven’ …

        Roy Sebag And Josh Crumb View On BullionVault

        Throughout our journey with BitGold we have found there to be two types of people in the gold industry. First there are those that truly believe in gold’s value. They understand the math and physics of money, and they want savers to be on the right side of history. These people often have altruistic motives for the companies they create, to educate and look after their clients and to lower the barriers to prudent financial services. This group includes Eric Sprott, James Turk, the Fleming family, the Soros family, and many major institutions that have embraced our mission and the business proposition of BitGold…

        http://seekingalpha.com/instablog/1309921-roy-sebag/4042506-roy-sebag-and-josh-crumb-view-on-bullionvault

      • Israel’s Flourishing Fintech Has Many Fathers

        Fintech also is buzzing on a governmental level. In November, Israel’s Economy Ministry’s Chief Scientist Avi Hasson signed an R&D agreement with the Commonwealth Bank of Australia to develop joint research projects in the field of financial technology.

        While Israeli fintech industry is relatively nascent, the country will continue to draw resources, human capital and innovation from sectors where Israel has already established itself as a world leader.

        “I suspect there will be many startups that will emerge as leaders in the space. Recently, I spent some time with entrepreneurs in Israel utilizing machine learning algorithms in ways I had never seen before. The advantage Israel has is the deep pool of human capital across multiple disciplines in technology, math, and physics. Once the local community focuses on a new industry — in this case fintech — it’s only a matter of time before they build a better mousetrap,” Sebag concluded.

        http://techcrunch.com/2015/12/19/israels-flourishing-fintech-has-many-fathers/

      • https://en.wikipedia.org/wiki/States_of_Jersey

        The States of Jersey (French: États de Jersey) is the parliament and government of the British Crown dependency of Jersey.

        The origins of the legislature of Jersey lie in the system of self-government according to Norman law guaranteed to the Channel Islands by King John following the division of Normandy in 1204.[1] The Assembly of the States of Jersey has exercised uncontested legislative powers since 1771, when the concurrent law-making power of the Royal Court of Jersey was abolished.[2]

        The Assembly passes and amends laws and regulations; approves the annual budget and taxation; appoints and removes the Chief Minister, Ministers, presidents and members of committees; debates matters proposed by the Council of Ministers, by Ministers or by individual members. Members are also able to ask questions to find out information and to hold Ministers to account.[3] Executive powers are exercised by a Chief Minister and nine ministers, elected from among the members of the States of Jersey and known collectively as the Council of Ministers. Ministers are accountable to the Assembly for the conduct of their departments.

  10. Millionaires Migrate to USA

    The United States of America is emerging as a top tax haven after beating Switzerland, the Cayman Islands, and Panama. You can have secrecy in the USA and states such as Delaware, Nevada, South Dakota, and Wyoming are now competing with each other to provide foreigners with the secrecy they need. However, many are now just migrating to the States. Some 3,000 millionaires from Greece; 10,000 millionaires from France; 6,000 millionaires from Italy; 2,000 millionaires from Spain, and about 2,000 millionaires from Russia have all migrated to the USA. The trend is picking up momentum as tensions between Muslims and Christians rise throughout Europe. After the revelation of the Panama Papers, in which Americans were named the least, the trend is now picking up speed.

    https://www.armstrongeconomics.com/world-news/taxes/millionaires-migrate-to-usa/

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