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Chuck DarwinRarely do private companies find themselves punished for using <a href="https://c.im/tags/shell" class="mention hashtag" rel="nofollow noopener" target="_blank">#shell</a> <a href="https://c.im/tags/companies" class="mention hashtag" rel="nofollow noopener" target="_blank">#companies</a> to move capital and avoid taxes. The fine accountants at Ernst & Young cooked up a complicated scheme in 2008 for a restructuring of <a href="https://c.im/tags/Koch" class="mention hashtag" rel="nofollow noopener" target="_blank">#Koch</a> <a href="https://c.im/tags/Industries" class="mention hashtag" rel="nofollow noopener" target="_blank">#Industries</a> via shell entities in Luxembourg, a notorious tax haven, with the reasonable expectation that the ruse would never be revealed. But then someone leaked a raft of private documents from <a href="https://c.im/tags/Mossack" class="mention hashtag" rel="nofollow noopener" target="_blank">#Mossack</a> <a href="https://c.im/tags/Fonseca" class="mention hashtag" rel="nofollow noopener" target="_blank">#Fonseca</a>, a law firm in Panama that specializes in the creation of shell companies. The info dump became known as the <a href="https://c.im/tags/Panama" class="mention hashtag" rel="nofollow noopener" target="_blank">#Panama</a> <a href="https://c.im/tags/Papers" class="mention hashtag" rel="nofollow noopener" target="_blank">#Papers</a>, and among its many revelations was Koch Industries’ bid to reinvent parts of the company, on paper, as tax-avoidant Luxembourg shell companies. According to the Center for Public Integrity, the essence of the Koch Industries deal was to “reorder the ownership of many subsidiaries and centralize them under Luxembourg companies that are all served by internal corporate finance companies, akin to a company’s own bank.”Maybe that’s where the Koch siblings got the idea to get behind <a href="https://c.im/tags/DonorsTrust" class="mention hashtag" rel="nofollow noopener" target="_blank">#DonorsTrust</a> —a sort of house bank for the array of political entities and think tanks they fund. Of course, as with all of the organizations funded by Koch, they’re not in it alone. <a href="https://c.im/tags/Betsy" class="mention hashtag" rel="nofollow noopener" target="_blank">#Betsy</a> and <a href="https://c.im/tags/Dick" class="mention hashtag" rel="nofollow noopener" target="_blank">#Dick</a> <a href="https://c.im/tags/DeVos" class="mention hashtag" rel="nofollow noopener" target="_blank">#DeVos</a> helped fund DonorsTrust, according to Mother Jones.And then there are the many Koch-network “pass-through” groups, such as "Freedom Partners" and the "Center to Protect Patient Rights", which function much the way that shell companies do in the world of private capital: -- they add layers of obfuscation over the provenance of the dollars flowing from one right-wing organization or institution to the next.For instance, there’s the <a href="https://c.im/tags/Wellspring" class="mention hashtag" rel="nofollow noopener" target="_blank">#Wellspring</a> <a href="https://c.im/tags/Committee" class="mention hashtag" rel="nofollow noopener" target="_blank">#Committee</a>, a pass-through funded in part via the Koch network, whose director, Ann Corkery, also sat for six years on the board of the <a href="https://c.im/tags/Becket" class="mention hashtag" rel="nofollow noopener" target="_blank">#Becket</a> <a href="https://c.im/tags/Fund" class="mention hashtag" rel="nofollow noopener" target="_blank">#Fund</a> for <a href="https://c.im/tags/Religious" class="mention hashtag" rel="nofollow noopener" target="_blank">#Religious</a> <a href="https://c.im/tags/Liberty" class="mention hashtag" rel="nofollow noopener" target="_blank">#Liberty</a>, a pro-bono law firm, according to tax filings. With its portfolio of so-called religious freedom cases, the Becket Fund gained notice as the firm representing the principals of the <a href="https://c.im/tags/Hobby" class="mention hashtag" rel="nofollow noopener" target="_blank">#Hobby</a> <a href="https://c.im/tags/Lobby" class="mention hashtag" rel="nofollow noopener" target="_blank">#Lobby</a> company in a 2014 Supreme Court challenge to a mandate in the Affordable Care Act for employer-based health insurance to cover, without a co-pay, the costs of prescription <a href="https://c.im/tags/contraception" class="mention hashtag" rel="nofollow noopener" target="_blank">#contraception</a>.One type of private company is the “<a href="https://c.im/tags/closely" class="mention hashtag" rel="nofollow noopener" target="_blank">#closely</a> <a href="https://c.im/tags/held" class="mention hashtag" rel="nofollow noopener" target="_blank">#held</a>” variety, which may occasionally trade stock publicly, but has only a few shareholders. The Supreme Court’s decision in favor of Hobby Lobby (number 106 on the 2016 Forbes list of the nation’s top private companies) specifically cited its “closely held” status as a qualification for its exemption from the ACA contraceptive mandate.

tagesschau"Panama Papers"-Skandal: Anwalt Fonseca mit 71 Jahren gestorbenRamón Fonseca half jahrelang reichen Menschen, ihr Vermögen in Steueroasen zu verstecken. Öffentlich wurde das mit den "Panama Papers". Nun ist der 71-Jährige gestorben. Das Urteil in dem Geldwäscheprozess wird bald fallen.➡️ <a href="https://www.tagesschau.de/ausland/amerika/fonseca-panama-papers-100.html?at_medium=mastodon&at_campaign=tagesschau.de" rel="nofollow noopener" target="_blank">https://www.tagesschau.de/ausland/amerika/fonseca-panama-papers-100.html?at_medium=mastodon&at_campaign=tagesschau.de</a><a href="https://ard.social/tags/PanamaPapers" class="mention hashtag" rel="nofollow noopener" target="_blank">#PanamaPapers</a> <a href="https://ard.social/tags/Fonseca" class="mention hashtag" rel="nofollow noopener" target="_blank">#Fonseca</a>

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