Customize

Why Orgs never make a profit

Discussion in 'Think Tank' started by RolandRB, Jun 21, 2010.

  1. Zak McKracken Member

    Re: Why Orgs never make a profit

    DOX or ???

    This is the first I've ever heard of such a thing.
  2. Ann O'Nymous Member

    Re: Why Orgs never make a profit

    Nice trolling. Let the big boys have a go at it. It is hard but worth the effort, IMHO.
  3. RolandRB Member

    Re: Why Orgs never make a profit

    Those used to be called the "Honor Roll", although the status names are all changed now. See the early Clambake document.

    Operation Clambake presents: The Cost of Scientology
  4. themadhair Member

    Re: Why Orgs never make a profit

    Honour roll =/= to those awards.
  5. The Wrong Guy Member

    Cayman Islands agrees to report US citizens’ offshore assets under controversial law | RT Business

    November 30, 2013

    The Cayman Islands has signed an agreement with the United States to combat offshore tax evasion pursuant to a controversial 2010 law that has caused some notable US expatriates to revoke their US citizenship.

    The US Department of the Treasury announced Friday the US has signed an intergovernmental agreement with the Cayman Islands to enforce the Foreign Account Tax Compliance Act (FATCA) in what it bills as an effort to promote transparency.

    In the Cayman Islands – one of the world’s largest offshore financial centers - foreign financial institutions (FFIs) will be required to share tax information about US account holders with the IRS via the Cayman Islands Tax Information Authority.

    Passed by Congress in 2010, FATCA seeks to snuff out Americans avoiding US taxes overseas by requiring FFIs to report yearly to the Internal Revenue Service (IRS) on US citizens holding over $50,000 at a year’s end. Should FFIs refuse to share the information, US financial institutions are ordered to withhold a portion of payments made to the FFIs. The FFIs can make agreements directly with the IRS or follow one of two kinds of agreements their host country signs. The Caymans’ agreement is a Model 1B agreement; a different agreement signed Tuesday with Costa Rica is a Model 1A.

    "By working together to detect, deter, and discourage offshore tax abuses through increased transparency and enhanced reporting, we can help build a stronger, more stable, and accountable global financial system. We look forward to collaborating with the Government of the Cayman Islands to further these objectives," said Julie Nutter, Minister-Counselor for Economic Affairs at the US Embassy in London, in a statement. Nutter signed the agreement for the US on Friday.

    The Cayman Islands signed a similar agreement with the United Kingdom early this month.

    Continued at http://rt.com/business/cayman-tax-report-agreement-505/
    • Like Like x 4
  6. RightOn Member

    ruh roh Davey, better move da cash
    • Like Like x 1
  7. Daverator Member

    The U.S. was working on this agreement for a while.
    Department of Justice
    Office of Public Affairs
    FOR IMMEDIATE RELEASE
    Thursday, August 29, 2013
    United States and Switzerland Issue Joint Statement Regarding Tax Evasion Investigations
    Switzerland Encourages Its Banks to Cooperate with New Program Which Will Require Significant Financial Penalties and Information Sharing from Banks That Aided Secret Account Holders
    The Department of Justice today announced a program that will encourage Swiss banks to cooperate in the department’s ongoing investigations of the use of foreign bank accounts to commit tax evasion. The department also released a joint statement with the Swiss Federal Department of Finance, stating that Switzerland will encourage its banks to participate in the program.

    Full statement at: http://www.justice.gov/opa/pr/2013/August/13-tax-975.html
    • Like Like x 2
  8. Quentinanon Member

    Most of the IAS slushfund asset account lies deposited in Luxemburg banks last I knew. Hubbard took his money out of Switzerland in the early 1970's.
    • Like Like x 1
  9. JohnnyRUClear Member

    Told ya those statists are nutters.

    Fists, star systems, yadda yadda....

Share This Page

Customize Theme Colors

Close

Choose a color via Color picker or click the predefined style names!

Primary Color :

Secondary Color :
Predefined Skins