General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo, if you're starting to fill out your tax forms, here's a little tutorial.
PoliticAverse
(26,366 posts)Celerity
(43,497 posts)https://www.dutchnews.nl/news/2021/04/abn-amro-to-pay-e480m-to-settle-money-laundering-investigation-out-of-court/
ABN Amro has agreed to pay 480m in an out of court settlement for violating Dutch anti-money laundering and counter terrorism funding rules, the public prosecution department said on Monday. The bank had broken the law for a number of years and on a structural basis, the department said.
In addition, three former members of the banks board of directors have been identified as suspects who were effectively responsible for breaking the law. The criminal investigation revealed that over a number of years, ABN Amro fell seriously short of compliance with the law, the department said. In total, 56% of the banks shares are still in government hands following its nationalisation in 2008. In one case highlighted by the prosecution department, an ABN Amro client who had been allocated the lowest risk classification, opened a total of 192 bank accounts with ABN Amro for 49 of their companies over a four year period.
Another client, also with a low risk classification, was addicted to gambling and was able to transfer money from his employer to his own bank account a total of 4.3m over a nine month period to fund his habit. In other cases highlighted by the prosecutor, the bank failed to respond when clients were involved in a widely reported corruption case and failed to deal adequately with a client depositing a large quantity of cash in 500 notes.
Suspects
Three former directors of the bank have now been identified as suspects but this does not necessarily mean they face prosecution, the department said. Once that investigation is finalised, a decision will be taken as to whether there is sufficient evidence and as to the way in which the investigation into these persons should be concluded, the department said. According to the Financieele Dagblad the three are former chief executive Gerrit Zalm plus his former colleagues Joop Wijn and Chris Vogelzang. Vogelzang has now stepped down as as chief executive of Denmarks Danske Bank, and Zalm has resigned from his supervisory role.
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Emile
(22,906 posts)Delphinus
(11,840 posts)oldsoftie
(12,597 posts)I WILL NOT use them
And I do my best to NOT buy stuff from china either
And to add; would it be legal/constitutional for the US to make a law stating that any US company cannot use those "zero tax" countries?
Klaralven
(7,510 posts)Their tax attorneys would be incompetent if they didn't
oldsoftie
(12,597 posts)I mean, you're not allowed to do business with Iran or NK & the like.
Klaralven
(7,510 posts)brooklynite
(94,727 posts)Elon Musk pays taxes. Jeff Bezos pays taxes Any value they receives from their companies, whether salary, dividends or capital gains is taxable. The valuation of their wealth based on ownership of his companies is all on paper until he cashes out.
As for the meme, this is about corporate taxation, not personal taxation.
sarcasmo
(23,968 posts)live love laugh
(13,129 posts)His names and Koch and Obamas mansion and even Pelosis wealth are what Ive seen around social media.
Hardly ever see Musk or McConnell or Trump(s) or -- the much higher numbers of wealthy Republicans who benefit exponentially from the tax laws Republicans created.
The issue of taxation is valid. The imagery is misleading and if it were accurate people could see whos really benefitting and maybe things would change.