The Panama Papers Why and how to join the club? Panama Papers Offshore Tax Havens Book 1 eBook Just for Fin
Download As PDF : The Panama Papers Why and how to join the club? Panama Papers Offshore Tax Havens Book 1 eBook Just for Fin 
Panama Papers & Offshore tax-havens is a 3-part book series, that provides a critical examination of the rapid proliferation of offshore tax-havens. These books go beyond what has publicly been revealed in the Panama Papers leaks by providing a detailed analysis of issues at stake, as compared to a rewriting of already public information.
While these books have been written in a humorous and perhaps sarcastic tone, this is only done with intent to make it more readable for a wider audience. However, the issues at stake, my interpretation of the eventual impact of these leaks and the longer-term solutions, are all very real.
The Panama Papers Why and how to join the club? is the first book in the 3-part series. In this book, an analysis of what makes offshore tax-havens so popular, details regarding how they operate, my understanding of why they will never be shut down and a study on how easy they are to join is provided. A snapshot is given below.
Offshore tax havens have very substantial positive benefits for the global economy and for the most useful people in different countries. By helping politicians in mutual exchange of favors, they help cut red tape and make things work faster and smoother. They remove the unfair burden on HNIs having to pay for services they are not really using. They level the lack of tax advantages that celebrities enjoy. Criminals that are providing a range of desirable public services, are allowed to enjoy the fruits of their hard earned money. Corporations can serve their shareholders better, by just hiring a few good lawyers, accountants and bankers.
With so many major multinationals, politicians, businessmen and celebrities enjoying the benefits of these jurisdictions, I do not see them ever getting shut down. A lot of noise may be made with every new whistleblower unsportingly disclosing some new confidential information, but this will just lead to some measures being taken meant to deceive the public.
The surprising part is how easy it is for anyone to set up an offshore tax-haven structure. Once you know the jurisdiction you wish to operate you tax-haven structure from (the only step which is a little complicated), creating an offshore structure is literally as easy as buying something on .
I argue that the solution is not to shut down tax havens (a situation that will likely never happen), but for all of us to join this club instead. What a fantastic world it would be if none of us had to pay any taxes.
In a way, this book is in defense of tax havens, explains how easy they are to join and plans to launch an initiative to make it even easier and cheaper for you to join this wonderful club.
The second book, The Panama Papers – Uber tax-haven, provides a surprisingly real and implementable plan to make these offshore tax structures accessible to all the people in the world, if governments do not take action to actually close these down.
The final book in this series, The Panama Papers – Government finances in an Uber tax-haven economy, shows how they are many solutions to how governments can raise tax revenues in a much more efficient manner as compared to existing means, in an environment where no person is paying income, capital gains, inheritance or wealth taxes.
The Panama Papers Why and how to join the club? Panama Papers Offshore Tax Havens Book 1 eBook Just for Fin
There is no substanative information in this book. I could have found the same quality of information by simply searching for tax haven on google. In fact, a substantial portion of this book was based around what the author cites as "two hours of extensive research" on google.Product details
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The Panama Papers Why and how to join the club? Panama Papers Offshore Tax Havens Book 1 eBook Just for Fin Reviews
In a very warm and typically lighthearted vein, ‘Just For Fin’ states in his biographical data ‘I believe that there are some serious challenges in global finance, yet a very large number of people are unaware about these issues, given how dull finance and investment books tend to be. Is there a potential to reach a larger audience using humor instead?’ The answer after reading this very short, very accessible book is a resounding Yes!
With a lot of tongue in cheek manner of sharing information our author writes, ‘Tax haven’s are some rather wonderful places. There are places that politicians, high net worth individuals, celebrities, criminals and corporations go, to escape what is deeply unfair behavior by their own governments. This unfair behavior includes things like taking their hard-earned money away (otherwise known as taxes), regulations that prevent them from doing things they want to do (also called red tape), the possibility of getting into trouble for having illegal money (also called money earned from criminal activities), having to pay their wives a fair share during a divorce (also called divorce settlements) and a whole bunch of other such unsporting behavior by their governments. It is important to understand, that all of these people have worked hard to get to the positions of wealth and power that they have managed to achieve. It is simply not fair that their governments and legal systems act in as unsporting a way as they do. Not everyone can handle the kind of pressure, hard work, ability to backstab others and all the dirty games that it takes to become a leading politician. Election campaigns are very expensive to fund, and politicians actually sometimes end up spending their own money on these, when donations from their supporters dry up. For all the hard work put in, very often they are in a position of power for only a few years, prior to their competitors winning the next election.’
Good timing for this book as it mirrors political shenanigans we are witnessing daily. ‘Offshore tax havens to the rescue! Put together some shell companies in an offshore tax haven, make sure that there is nothing which links this company back to you and accept the favors in these locations instead.’
So how do tax havens work? ‘So, if you are Apple, you sell all iTunes out of Luxembourg (a tax haven for transfer pricing), and have offshore companies set up in Ireland. You magically manage to have the bulk of your income transferred via Ireland, despite not legally being a tax resident there. You keep the bulk of your profits and valuable patents in favorable tax locations, helping you operate at low single digit taxation rates. If you are you route a substantial part of your goods (only in paper) via Luxembourg, your European headquarters, helping you save substantially in
tax. If you are Google you have all your IP owned in Bermuda. Then make all your subsidiaries pay this Bermuda company very significant royalties. Your Bermuda company which has to pay no tax on it’s profits, while subsidiaries in other locations make hardly any profits at all due to the very high royalty payments. Offshore tax havens help companies achieve their very essence of existence (i.e. making their shareholders richer).'
Getting down to the ‘how of Just For Fin’s concept and support of tax havens, the headings of his illuminating, often startling and humorous book are - The benefits of tax havens, Tax havens are typically absolutely legal, What makes a good tax haven?, Which are the best tax havens today?, Why they will never be shut down, How to join this elite club, Can it be made even easier and even cheaper?, and What happens to government finances if everybody stops paying taxes?.
Reading this book informs, makes us take a different look at tax havens, and is fun to read (forgive the minor punctuation, spelling, and grammar errors). It would be wise if Just For Fin decided to take on many of the other parodies just waiting to be disclosed with this kind of humor! Grady Harp, April 16
Panama Papers light!
There is no substanative information in this book. I could have found the same quality of information by simply searching for tax haven on google. In fact, a substantial portion of this book was based around what the author cites as "two hours of extensive research" on google.
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