MinBane

I write what I like.

Archive for the tag “Swiss Leaks”

Opinion: A little rant to the long serving Presidents out there; I had too after the NBS TV Uganda 100 days since M7 stole the Election BS recently…

M7 100 Days

With the NBS TV Uganda who wanted to ask President Museveni how he felt after his first 100 days into his 5th official term… how he felt of his achievements as Executive after a hundred days we’re the journalist questions to the man who have ruled since 1986. President Yoweri Kaguta Museveni has run the Ugandan Republic for over 10950 days! So the question was blurred out and surely lost sight of the reality of their long serving Executive.

The same can be said with President Robert Mugabe who is heated and demonstrated against in Zimbabwe. In a country with fiscal economic issues and loss of agricultural output together with weaken production as the El Nino has hurt the economy more. Together with rampant corruption and a Zanu-PF Elite who are more concern with their luxurious vehicles in Harare than the empty stomachs of the poor working class. This happens while the Police are brutalizing the demonstrators and the ones speaking against the government are either harassed or detained. Even hurt so they end up at the Hospital. So the dire oblivion for the economic landscape as the tension between the citizens and draconian state will not dissolve overnight.

Hon. Kemi Adeosun said this on the 18th August: “The Economy is challenged and people are extremely frustrated, and we need to rebuild fundamentality. We need to prioritize… We need to realize that with the collapse of commodity prices. We don’t have enough  foreign exchange to buy as many imported goods as we like to, so when there is import substitution, we must embrace it”.

Zim Ministry of Information

When the Financial Minister says this as the Opposition are harassed and the public is silence and more draconian laws like Cyber Crime laws coming in Parliament. Show’s the ability of Zimbabwean regime wishes to push laws to silence social media and other dissidents as the policies and the regulations of Zanu-PF haven’t born fruits. This has to be hurtful for the President who has had years upon years to build, instead has skimmed money for himself and his elite.

Therefore with the knowledge of President Museveni (Sudan), President Deby (Chad), President Dos Santos (Angola) , President Nkurunziza (Burundi) , President Kagame (Rwanda), President Kabila (DRC), President Bashir (Sudan), President Afewerki (Eritrea), President Guelleh (Djibouti) and President Mugabe (Zimbabwe) has all been sitting a long time and has nothing new to show (and surely I could given some honourable mentions that I haven’t said). They can’t and they are not hungry to deliver. If they deliver or does anything profound it would be by rare luck or a new cash-cow for their elites and the political affiliates.

It is a reason why the Members of Parliament are greedy, why the corrupt behavior is happening and why the transparency is so low. The Executives who runs for life and runs for decades upon decades wish to run the game without question. That is their wish and their ways of assembling the needed riches for themselves.

NRM Oyee! 09.04.2016

President Museveni might drop by district and deliver some equipment and check of a few million shillings, but the depleted hospitals and schools isn’t built on wink and nudge from the master. While the inflation and the unstable currency doesn’t make the investors safe to have a haven of business in Uganda. This together with everything is connected to the President and his entourage as the family of Museveni is connected to all kind of business and agreements. Land is being delivered to the Elite or Financial backers, while locals and Internal Displaced Persons are living decades-on in camps. So the Museveni cannot drop a new sense of accountability as the walking budget isn’t promising anything new or creating a solid foundation now as that is not in his interest.

The interest of these long serving leaders isn’t to have strong institutions; they want them weak and keep people loyal around them. The Electorate and Citizens are not really important they are only important when they are pawns useful to trade aid or trade agreements of government loans to secure fiscal funding of the Financial Year and the Budget.  

These long serving leaders have control over foreign exchange, central banks and also the businesses that are vital for export commodities so that they can earn money on the hard work of the citizens as they do what they can to survive and live basic on the mercy of these political leaders. This happens years upon end… without question and with the powers of controlling the heads of the Military and Police so they can silence the population. Therefore the worst crimes aren’t murders or stealing under these dictatorships. The worst crime and worst offence is to offend and counter-claim the legitimacy of the Executive. Parts of that is also to solidify popular support of the public and therefore needs to be detained and charged with amazing amounts affidavits and draconian laws to determine the fate of the opposition by any means.

So this is the profile of the fellow Presidents, they are doing it in their own way, but the key of results is this: keep themselves in Power and secure the government funds together with business in the Nation for their loyalist and the people that the President can trust.

swiss leaks africa accounts

Since they cannot win the popular ballots as some of them could have in their first elections and ballots as they might have liberated the Nation or even gotten rid of former dictators or the fantastically corrupt who used the army and economy themselves to build palaces and get more government funds into Swiss Bank Accounts than amounts of sheep on New Zealand. The Presidents and their elites are in recent elections either using fear, armies to disrupt and silence opposition; if that doesn’t work ballot-stuffing, pre-ticked ballots and even stop the counting and fix the result for the Ruling Regime. So that the “legitimate” government is still there and with their “elected” men and woman even if the Electorate meant differently. That has happen again and again. The Presidents uses elections as big-caving events and periods to finally buy loyalty of local communities and give pledges that they have never plans to achieve as they keep the district in dire poverty to secure the aid and donor funds. While having ability to skim the funds and take the taxpayer’s money as the accountability doesn’t matter as much as the personal relationship between the Elite on the top. So when the President passes by the impoverished district he would drop some shillings and pay the community leaders with a new car or big brown envelope.

Why do we accept these men to run these ruthless games and when is this supposed to end?

When will the public and citizens be respected?

What do you think about my opinions, does they fit the bill?

Do you have any answers as I was just ranting again today! Peace.

#PanamaPapers: A little reflection on the reason why these operation exisist and thrieving on the Fortunate

285de-corruption-cartoons-from-india-8

For those who have been surprised by the recent allegation and findings in the #Panama Papers that incites lots of politicians, the general elites and businessmen connected close to the governments. The money always talks, the money always moves and by any means possible.

For the wealthy and close connected they have the ability to forge networks and find businesses that earns coins on helping to move that money. But that is not for the ordinary people, as we pay a fortune to use RIA or Western Union to move between usually loved ones. But the Panama Papers are for whole other ordeal.

BVI Tax Evation

This here is for Tax Aviation’s and getting rid of extra burdens on the solid amount money they have gained. The persons and companies are set-up Shell-Companies to stack up money in British Virgin Island (BVI), Panama or Luxemburg. As this places doesn’t have that many inhabitance or sheep to earn money on, they earn tiny percentage on being “big-banks” for all kind of operations, while securing that the companies and persons involved can keep it discreet and silence. Until cover-ups like the recent ones shows the true color of the amount of money, that are dished away. The money that are stashed-away is millions upon millions of American Dollars; dipped away in a treasury chests that most economies would dream of having in circulation!

That should not be surprising as all of well-known government leaders are setting up and making it possible to have sophisticated economic systems that cross-borders for the benefit of trade; while these are used to ship the money from the places that have initially no taxes and programs that made up to build societies. This is also the places where they can have it without any concern, except some extra sunshine and a family resort at the beach, though I would not consider that in Luxemburg, unless suits and gas-stations are your thing.

bankers-dont-go-to-jail

The business-men and government officials, even relatives usually walks around with that without problems for decades as the banks, and the legal advocates set-up this fixed businesses to secure the fueling of their money. The worst thing is the loopholes and the ways that this decisive methods to undermine the local public to create and secure more funds for already wealthy clients. Where the bank as HSBC and lawyers of Mossack Fonseca divided fees to pocket the money that the client needed to send away from the shores and country-sides; where the money was raised and earned. While getting away from local agony of having fortunes and paying taxes on the high-incomes earned to the local communities.

If you we’re shocked of the values and the persons that was involved in the scandal of late, I wasn’t as the government officials, presidents sons and daughters; kin and other close connections have always gained extra through the cronyism or nepotism have been a thing since the Roman Empire, and does not stop any time soon. That the President Museveni of Uganda owns businesses and would have dashed a fortune for his grandchildren in an tax-haven through multiplied shell-companies. The same would not also be surprising on the Kenyan President Kenyatta who recently brought Sameer Diary and Livestock Limited who sells ‘Fresh Diary’ in Uganda through his company Brookeside. Surely his kins and family have some money abroad to secure in dire times might come. The same is certainly with President Kagame, who even been seen during the scandal that RPF-Elite men have been insiders in the scandal, as President Kagame have control and ease over it; surely he would skim over the top and gain some extra funds as the Executive. Similar is it in Democratic Republic of Congo where President Kabila sister is central profile in the scandal and shows how the monies and funds appear in tax-havens as she owns businesses and also the centralized economy around nepotistic and cronyism. Something that should not  be shocking for anyone.

Hard to Hide

What this scandal shows is the amounts and estimates, this is through to major companies who serves this clients that are close by this totalitarian and big-men leaders who have close connected with central industries as they have to be granted and get contracts with government to drill oil, mining or even gain markets in the countries. With that power comes also embezzlement, kick-backs and percentage of the top that get skimmed through the advanced economic products that the blue-collar lawyers and bankers offers; they do that legally, but in a moral grey area as this thieving of government controlled funds in the name of the beneficiary or the shell-company in discreet secrecy. It’s not only dictators and their wives who are into it, I am sure if it wasn’t for the failed ‘Wonga Coup’ Mark Thatcher would still be up to game as the son-fallen from grace and proud family tradition; as even David Cameroon have been put into the mix. There is no shortfall when it comes to greed, and corporate greed never stops.

As the world leaders tries the best to hide their businesses and ownership through shell-companies and strawmen, or getting a cousin to run the business kind of like what Trump does to his son, just a little more subtle.

Human Being

The governments are taking the sides of happy uncles as they all tries to open trades with tax-havens to keep businesses in their countries. The Companies who in many countries are seen as “Legal Person” can own land, own other businesses and be sued. Certainly with that power as stakeholders and shareholders does not care about other things than the bottom-line, they want to sell or sell enough services so that their earning a profit, by any means. That is why big businesses have been taken for tax-evasion in the UK this was Amazon and other online-retailers as they we’re officially legal unit in a tax-haven and not in the United Kingdom, though the products bought on Amazon was sent from a warehouse in UK, and sent to UK houses. The transaction between costumer who got the book from Amazon payed to a British account, but before the cash kissed the taxation to the Government of UK, it was sent to multiply Amazon shell-companies before ending at a Tax-haven. So that the United Kingdom get only pennies in tax compared to the Pound Sterling the UK state was supposed to earn from the Amazon LLC. That is just an example, but still important as a precise maneuvers the companies and international companies do, so they does not pay full-taxes or truthfully through sophisticated economic programs and revisions get the monies through foreign banks and tax-havens with help of legal teams in companies similar to Mossack Fonseca.

Scrooge McDonald

How to set up shop:

The LLC and Shell Companies will be used in market strategies as ghost straw-men for the owners sending monies through networks of intricate syndicates and money-laundering operations; That make Uncle Scrooge or Scrooge McDuck wishing he was a real person and not a cartoon character made up by Carl Barks in 1952; instead he is owning a Oil Company drilling oil in either Kazakhstan, Nigeria or North Dakota. Where he got the proceedings through UBS AG or HBSC; where the profit gets through manufactured holding companies and sent to BVI or Guernsey; where the McDuck Oil Company has headquarter, by official paperwork. That paperwork is written and made by lawful actions through Mossack Fonseca; while most of the Blue-Collar men are working in the unofficial Headquarters in the heart in the City of London or New York. But their taxing is little or near none there, because of McDonald Oil is fixed in Guernsey; Where they only have a Post-Box at the island; which by my reckoning would forward the mail to London or New York as the employees would actually be there.

This is a way of getting the bottom-line and the more of the ends directly to the stakeholders and owners of these companies tries to advance with this opportunities, that we the ordinary citizen, commoner, person or fellow human being would not be offered, since we don’t have the money to fix this or hire these men to forward our money, as we need the cash we have to get a home rent or buy, get food on the plate, pay electricity, airtime, taxes and then trying to get a chocolate bar once in a while. There is where we are. The once who was surprised about these papers have had too much faith in their rich, the elites and the once who has fortunes. They do not want to share that fortune that they have earned on our governments and our consumption; while trying to avoid giving something back to society, and giving the government more funds to develop the society the rich are doing business in. Peace.

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