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October 24 2009 at 10:51 PM
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  (Login privateinvestors)
from IP address 76.167.222.92



    
This message has been edited by privateinvestors from IP address 76.167.222.92 on Oct 31, 2009 11:22 AM


 
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(Login USCaribbean)
24.129.116.102

Re: Tax Havens--Tax Evation of Corporates, Monarchs, Dictators and Criminals.

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October 24 2009, 11:27 PM 

http://www.ustraining.com/new/index.asp

http://www.historycommons.org/timeline.jsp?us_occupation_of_iraq_tmln_contractors=us_occupation_of_iraq_tmln_blackwater_usa&timeline=us_occupation_of_iraq_tmln

http://en.wikipedia.org/wiki/Blackwater_Worldwide

KBR and Blackwater are Bu****e government contractors aka war profiteers raking in billions of borrowed deficit dollars and American taxpayers' money while evading paying US taxes.  They are by no means the only Bush corporate crony war profiteers attempting to avoid paying their taxes.

An article in the Boston Globe adds MPRI to that infamous list. "In March 2005, one of the Pentagon's most trusted contractors - Virginia-based MPRI, founded by retired senior military leaders - won a $400 million contract to train police in Iraq and other hotspots. Two months later, MPRI set up a company in Bermuda to which it subcontracted much of the work.


"It was not the first time that MPRI executives had used a shell company in an offshore tax haven to perform government-funded work. A year earlier, MPRI headed a joint venture that won a $1.6 billion contract to provide US peacekeeping forces in Kosovo and elsewhere. Three months later, MPRI set up a company in the Cayman Islands to do the work.
"But tax lawyers say that MPRI appears to be avoiding the payment of roughly $4 million dollars a year in Social Security and Medicare taxes for the police-training contract alone and is sidestepping scrutiny by hiring workers through offshore entities based outside the jurisdiction of the Internal Revenue Service.
"Workers classified as self-employed must pay Social Security and Medicare taxes themselves, the equivalent of 15.3 percent of their salaries. If they were classified as employees of MPRI, rather than independent contractors, they would split the cost with their employer.


"But sometimes the taxes are not paid at all. A former MPRI worker in Iraq said he was unaware of his tax obligations and did not pay self-employment tax for an entire year on his salary of $154,000. Such levies are very difficult for the IRS to collect, specialists say, and frequently go unpaid.


"But the IRS cannot conduct audits on overseas employers, such as the shell companies that MPRI set up in Bermuda and the Cayman Islands.
"Companies that use such offshore entities to avoid taxes, even as they profit from lucrative federal contracts, have captured the attention of Congress in recent months.   http://blog.progressivedem.com/2008/05/05/kbr-blackwater-mpri-phony-selfproclaimed-patriots-that-avoid-paying-taxes.aspx   http://www.halliburtonwatch.org/about_hal/nigeria_timeline.html   Haliburton... KBR.... Blackwater.. all offshore.. not a penny in taxes paid.. 100's of billions with NO taxes paid back into the same system that pays them..    

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(Login scp-rl)
98.185.229.142

now

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October 25 2009, 12:15 AM 

since I'm using offshore structures extensively I find nothing against people using loopholes against the greed of a state who more likely spends other peoples money on his favorite past times, however I understand the anger, but it the politicians who make the rules who are responsible, if you leave a hole and pressure than any element will use the hole. Anyway since US judges believe they are omnipotent they will find a way to get to structures normally out of their reach, if their masters want it then

 
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(Login USCaribbean)
24.129.116.102

Re: Tax Havens--Tax Evation of Corporates, Monarchs, Dictators and Criminals.

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October 25 2009, 3:53 PM 

Try Puerto Rico Richard.. you will be supirsed.. pleasantly..

Be well, JW



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