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Emma Watson named in Panama Papers leak database
- Thread starter Audioboxer
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Vulcano's assistant
Banned
I do know two people friends of my mother who have their money there, but they are upper class Venezuelans so it was an intuitive finding. Big international stars on the other hand; seems like it says something about the person rather than their situation, but this is probably a cognitive bias.
Black Republican
Member
"I aint gon' say no mo'"
| Praxis |
Banned
Put her under house arrest.
In my house
It's just a nice perk.
a good person
He was, he said it in interviews. Couldn't handle the fame and stress. Got better.
It is possible, yes.
Audioboxer
Member
Suppose so, but from my post above it's at least been used to buy a home. Not sure if the leaks say anything else.
the_batman
Banned
Audioboxer
Member
Basically this:
And similar things, such as making donations to organizations that are required to disclose donors, like if a Super PAC discloses its donors and its a list of random entities (not sure if charities are required to disclose donors, probably varies from country to country). If Warren Buffet wanted to donate money to a human rights group in China, doing so directly from his bank account would expose what he is doing and maybe jeopardize his Chinese investments if that group is targeted by the government, etc.
Audioboxer
Member
Well the use above from the leak was setting it up a month prior to buying a very expensive house in London.
I've never heard of code names on bank accounts. The deed to a property will not be in the name of the bank account anyway.
That is why my first point was repeating the point that her name wouldn't show up in the Land Registry.
... I did not
How is any tax saved by buying a house through an offshore account?
If she wanted to avoid tax then the account would need to be set up prior to earning income, the vast majority of which would have been back in her Harry Potter days.
So why not set one up in the UK?
Salty Rice
Member
These are not the leaks i wanna see from Emma Watson.
Audioboxer
Member
... I did not
How is any tax saved by buying a house through an offshore account?
If she wanted to avoid tax then the account would need to be set up prior to earning income, the vast majority of which would have been back in her Harry Potter days.
http://www.standard.co.uk/news/lond...of-london-property-in-six-years-a3095936.html
She done it in 2013.
http://www.ibtimes.co.uk/panama-pap...ealth-exposed-global-elite-who-own-it-1553521
philipnash19
Neo Member
The guy who played Seamus, lost all his money on women and cars and has been ordered to pay his agent a lot of money which he doesn't have.
mehrmantrout
Member
If you're named as the beneficial owner of the offshore company it wouldn't have any tax benefits.
Because a lot of the information becomes publicly available:
https://www.gov.uk/get-information-about-a-company
Owning UK property through a company actually makes you liable for more taxes than if you own it as an individual:
https://www.gov.uk/guidance/annual-tax-on-enveloped-dwellings-the-basics
bodyboarder
Member
Respek.
Audioboxer
Member
Read what I posted above.
Remember the UK Gov website details things for poor people. Not the rich... /s but true.
It is cheaper to sell, it is not cheaper to own. You need to pay 23,350 pounds extra in taxes per year. You will need to do calculations on how it nets out in the end, but the ATED is intended to wipe out that benefit, especially if the capital gains tax exemption is closed like the stamp duty exemption.
old manatee
Banned
Relax, she just did it for kicks.
Audioboxer
Member
She bought it in 2013, presumably before Osborne done his knight in shining armour on stamp duty (which can probably still be circumvented). I'll take what the experts at the links above say about buying being cheaper.
all these tax evaders deserve to have their names dirtied.
the average citizen of Panama has to pay their regular taxes and these rich people come and do their evading and it's the country that gets dragged through the mud thanks to corrupt politicians.
pay your taxes and don't evade.
the average citizen of Panama has to pay their regular taxes and these rich people come and do their evading and it's the country that gets dragged through the mud thanks to corrupt politicians.
pay your taxes and don't evade.
andythinkpad
Member
Why the hell are they going after non politicians? Setting up off shore company to dodge tax is legal.
I guess there is no other names in the leak?
I guess there is no other names in the leak?
Why do you consider a reporter to be an expert? I am a tax lawyer, you should trust me more
The reporter seems to be wrong anyway, it seems like a closely-held offshore company still needs to pay capital gains tax on the sale of the property:
https://www.gov.uk/guidance/pay-capital-gains-tax-for-non-residents
https://www.gov.uk/guidance/capital-gains-tax-for-non-residents-uk-residential-property
Nicktendo86
Member
This is very true.
Just because something is legal doesn't mean that it should be or is morally right. Things like this mean pressure can be applied to have the law changed. Because at the moment society's tiers are diverging very rapidly.
old manatee
Banned
Nobody ever became rich by spending money.
Why not?
NHarmonic.
Member
No one is safe.
Why not? what is your point here? Just because it's "legal" doesn't mean it's a good look.
Chairmanchuck
Member
Celeb-loving GAF:
"It really could be for different reasons than tax-evasion!"
"It really could be for different reasons than tax-evasion!"
If this would have been Trump or Sanders or someone else this thread would look way different.
Seriously, it's probably a mental health issue. The same reason obese people eat more and more food, drug addicts go for harder and harder stuff, achievement hunters go after more and more achievements. Wanting more and more of something is human behaviour. Also peer pressure as well.
Woot Gaf gets carte blanche to unload on a fan favorite with a pretty much spotless record.
Facts of course will be an unnecessary nuisance.
The first things almost any financial advisor will tell you to do are A) set up something offshore B) set up a business holding at that one address in the US (In CT I think it was? Or was it Deleware?) that they have the huge tax benefits
Facts of course will be an unnecessary nuisance.
The first things almost any financial advisor will tell you to do are A) set up something offshore B) set up a business holding at that one address in the US (In CT I think it was? Or was it Deleware?) that they have the huge tax benefits
andythinkpad
Member
This is basically what Apple and Starbucks and other big companies do. I fail to see why a person need to be held up to higher moral standard than Apple Inc.
If US comgresscand UK parliament want to tax it, pass the law.
i find this most likely. 26 is pretty young to have an offshore account, assuming she's had it for several years now
SporeCrawler
Member
those poor unfortunate souls. I volunteer to take all of that monies
This is complete bullshit. It's reasonable to handle your finances as optimal as possible. Who knows what could happen in the next ten, twenty or thirty years?
sammyCYBORG
Member
I don't really give a shit if rich celebrities are getting around tax when it's the big corporations who are doing 100x worse. When they start paying their insane amount of tax properly then we can focus on the celebs.
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