Home » Posts tagged 'irs'
Tag Archives: irs
Financial Flim-Flam Backs Imran Ahmed’s Center for Countering Digital Hate
Financial Flim-Flam Backs Imran Ahmed’s Center for Countering Digital Hate
Intelligence asset Imran Ahmed’s seedy money comes to light, although his lawyers won’t explain his false filings with the IRS.
The dark money that apparently birthed the censorship industry’s most critical “anti-disinformation” group, the Center for Countering Digital Hate (CCDH), recently came to light in an investigation by The Telegraph, which uncovered £700,000 in undeclared donations to British Labour Party politico Morgan McSweeney. And who’s McSweeney? He helped found CCDH in the UK in 2018—the same timespan when millionaire venture capitalists and businessmen were sending McSweeney secret money, triggering an investigation by Britain’s Electoral Commission.
As I first reported last October, Imran Ahmed is a Labour Party political operative who maintains close ties to intelligence agencies and began running CCDH from D.C. in 2021, when he started working closely with the Biden administration. That first year in D.C., Ahmed took in 75% of his donations from a dark money pass through, although new Internal Revenue Service (IRS) documents show Ahmed provided false information to the U.S. federal government to receive tax-exempt, nonprofit status.
“A finding that there is a materially incorrect statement on an application for tax exempt status should hopefully encourage the IRS to take a hard look,” said Dean Zerbe, a tax attorney with consulting firm Alliant, and a former Senate staffer who investigated corruption in the nonprofit industry.
While he was based in the U.K., Imran Ahmed ran both the CCDH and another Labour Party front group, Stop Funding Fake News (SFFN), to attack British leftists, to defund the Canary news site, and to remove Jeremy Corbyn as Labour Party’s leftist leader. Both CCDH and SFFN wielded wide influence in British politics and posed as grassroots movements, until reporters at the Canary exposed the groups’ ties to Labour Party conservatives Imran Ahmed and Morgan McSweeney.
…click on the above link to read the rest of the article…
Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools
Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools
Last month Alt-Market.com founder Brandon Smith warned that Bitcoin may not be all that it’s cracked up to be in terms of its purported anonymity:
For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam. Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly “anonymous.” The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions.
Because every transaction exists on a public blockchain ledger, an enterprising organization – say like the NSA or IRS – could conceivably implement blockchain analysis tools to track down Bitcoin fund transfers around the globe. These days most bitcoin transactions are originated on “trusted” exchanges that exist in Western nations, where governments have always found new and innovative ways to ensure citizens have no privacy whatsoever, especially when it comes to personal finances. This means that there is more than likely a record of your original Bitcoin transaction, perhaps involving a credit card or bank transfer, and if regulators ask an exchange to turn over the information you can bet they’ll do so in order to avoid unwanted government scrutiny. Moreover, most exchanges now require a driver’s license, passport and even a phone number in order to approve your account for trading.
…click on the above link to read the rest of the article…
Brad Birkenfeld: Lucifer’s Banker
Brad Birkenfeld: Lucifer’s Banker
Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS.
Brad Birkenfield, author of Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts he uncovered by his employer to help its clients cheat the US government out of tens of $billions in taxes.
But despite his working with the government closely to expose the gigantic conspiracy between US-based tax cheats and the giant Swiss bank, UBS, the so-called Justice Department went after Mr. Birkenfeld for abetting tax evasion by one of his clients. After spending thirty months in Federal prison, he was released and three weeks later, received a whistle-blower check for $104 million, the largest such check ever from the IRS Whistle-blower Office.
Once again, 300,000,000 Americans-plus got screwed by the corrupt Department of Justice. They’re not about justice, they’re about protecting themselves, trying to take credit, and making everyone else listen to what they say the story is.
We remember the financial crisis of 2008. It was devastating and so many people lost their jobs, lost their homes and so forth. In the entire financial crisis, there was not one banker to go to jail. The only banker to go to jail was the UBS whistleblower who exposed the largest and longest running tax fraud in the world.
Here’s the problem with the system. When you fine UBS you must realize UBS is a Swiss bank, so that means they write off the fine on their taxes. So then, that means the Swiss taxpayers carry the burden. That’s the first thing.
The second thing is go look at the millions and millions of dollars in legal fees spent to defend their conduct. The UBS shareholders pick up that tab.
…click on the above link to read the rest of the article…
Confusions, Delusions, and Illusions
Confusions, Delusions, and Illusions
Two recent surveys, along with numerous other studies and data, reveal most American households to be living on the brink of catastrophe, but continuing to act in a reckless and delusionary manner. There have certainly been economic factors beyond the control of average Americans that have resulted in real median household incomes remaining stagnant for the last 36 years. The unholy alliance of mega-corporations, Wall Street and bought off corrupt politicians have gutted the nation of millions of good paying jobs under the guise of globalization, while utilizing debt, derivatives and financial schemes to enrich themselves. The malfeasance of the sociopathic privileged class does not discharge the personal responsibility of citizens for living within their means. A lack of discipline, inability to delay gratification, failure to understand basic mathematical concepts, materialistic envy, absence of critical thinking skills, and a delusionary view of the world have left the majority of Americans broke and in debt.
The data that captured my attention was how little the average American household has in savings. Roughly 62% of Americans have less than $1,000 in savings and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website GOBankingRates.com. This dreadful data is reinforced by a similar survey of 1,000 adults carried out earlier this year by personal finance site Bankrate.com, which also found that 62% of Americans have no emergency savings for a medical crisis, car repair, or unanticipated household expenditure.
The fact is these are not highly unlikely scenarios. They happen every day as part of our routine existence. Everyone gets sick. Every car eventually needs new tires or an engine repair. Every home will need a new hot water heater or roof at some point. It is foolish and short sighted to not expect “unexpected” expenditures.
…click on the above link to read the rest of the article…
Concentrated Wealth + Widespread Stupidity = End Of Democracy
Concentrated Wealth + Widespread Stupidity = End Of Democracy
Today’s America is not a democracy:
That terrific investigative news report by Paul Blumenthal at Huffington Post, on 9 November 2013,penetrated beyond what the U.S. oligarchy — or more traditionally called aristocracy — requires its dark-money groups to disclose to the Federal Election Commission; and so Blumenthal researched also into what dark-money groups are required to report to the IRS (America’s tax-authorities).
This way, Blumenthal was able to discover, for example, that a “dark-money shell game allowed the Wisconsin Club for Growth to influence the elections with both its own ads and those of seemingly unrelated conservative groups with different public agendas. … The trail of cash moving from dark money nonprofit to dark money nonprofit can be traced, in part, through public records of the groups contributing it,” but only by accessing both FEC and IRS public records. And, even then, the picture was incomplete, because the 5-Republican bare majority, on the infamous pro-aristocracy 2010 U.S. Supreme Court Citizens United decision, by five traitors to the U.S. Constitution (which all judges are sworn to protect), prohibits public access to a complete picture of how (like in that Wisconsin election) a few psychopathic billionaires, plus millions of faith-driven fools they sucker with myth-affirming lies, can destroy government of the people, by the people, for the people, and turn it instead into government of the people, by the aristocracy, for the aristocracy. Blumenthal also showed the same billionaires+suckers system replacing democracy in other states. (Today’s Greece is a more extreme case of the same thing. Perhaps what’s today in Greece will betomorrow in America.)
…click on the above link to read the rest of the article…
The War on Cash Destroys a Small Entrepreneur
The War on Cash Destroys a Small Entrepreneur
Lyndon McClellan is a small entrepreneurwho owns and operates L & M Convenience Mart in Fairmont, North Carolina. L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish sandwiches. One day last July, more than a dozen federal, state and local law enforcement agents swarmed Mr. McClellan’s business, including agents from the FBI and the North Carolina Alcohol and Law Enforcement agency—and they were “asking” for him. When Mr. McClellan arrived, he was escorted by two federal agents into his stock room for a private chat. The agents showed him paperwork indicating that he had made two cash deposits totaling $11,400 within a 24-hour period in his bank account at the Lumbee Guarantee Bank. They informed him that the papers also indicated that he had a history of “consistent cash deposits” of less than $10,000, which was a violation of the the Federal law against “structuring.” They also informed him that the IRS had seized all of the $107,702.66 in L & M’s bank account.
What Mr McClellan did not know was that it was against the law to make cash deposits of less than $10,000. Banks are legally obligated to report any deposit of more than $10,000 to the U.S. Treasury Department. But if an individual makes several cash deposits of less than $10,000 over an unspecified period of time that total more than $10,000, then he is presumed to be a money launderer or drug trafficker who is committing the dastardly crime of structuring, that is, seeking to circumvent the bank’s reporting requirement and maintaining the privacy of his financial affairs Thus banks are also required to file “suspicious activity reports” on cash deposits of less than $10,000.
…click on the above link to read the rest of the article…
The War on Cash: Transparently Totalitarian
The War on Cash: Transparently Totalitarian
George Orwell once wrote “If you want a picture of the future, imagine a boot stamping on a human face—forever.”
Not exactly a cheery thought, and one I don’t agree with.
While the forces pushing for centralization of power have been prevailing for decades, they haven’t won a total victory yet. Technologies that empower the individual and that tend toward decentralization—including the Internet, encryption, 3D printing, and cryptocurrencies—offer a powerful ray of hope, reasons to be optimistic about the future.
So the tug of war between the collectivists and the rest of us continues.
One thing that would tip the scales heavily in favor of the collectivists would be victory in the War on Cash. Their goal is to eliminate the use of hand-to-hand currency, so that governments can document, control, and tax everything.
It’s exactly like what Ron Paul said: “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”
One way they are waging the War on Cash is to lower the threshold at which reporting a cash transaction is mandatory or at which paying in cash is simply illegal. In just the last few years…
- Italy made cash transactions over €1,000 illegal;
- Switzerland has proposed banning cash payments in excess of 100,000 francs;
- Russia banned cash transactions over $10,000;
- Spain banned cash transactions over €2,500;
- Mexico made cash payments of more than 200,000 pesos illegal;
- Uruguay banned cash transactions over $5,000; and
- France made cash transactions over €1,000 illegal, down from the previous limit of €3,000.
I recently spoke about this with Dr. Joe Salerno, an Austrian economist with the Mises Institute. Joe is the best chronicler of the global War on Cash and is here to offer an Austrian rebuttal to the economic nonsense peddled by advocates of this war.
…click on the above link to read the rest of the article…
Money Printing And The Bane Of Financial Engineering—–How The Biggest LBO In History Blew-Up
Money Printing And The Bane Of Financial Engineering—–How The Biggest LBO In History Blew-Up
Financial engineering is one of the worst ills perpetuated by the Fed’s regime of cheap debt and money market subsidies for speculation. And these deformations are turbo-charged by the tax code which creates a powerful bias toward loading capital structures with tax deductible debt, and to delivering returns as lightly taxed capital gains rather than ordinary income. In fact, stock buybacks and LBOs are the bastard offspring of the IRS and Federal Reserve.
Indeed, it would be safe to say that in an honest free market with a neutral tax regime, LBOs in particular would be as rare as a white buffalo. That’s because they inherently cause waste, inefficiency and malinvestment—–the opposite of market driven results. These deadweight losses to society are, in turn, the product of a symbiotic arrangement of convenience between an avaristic breed of money manger——private equity funds—–and institutional investors, such as pension funds and insurance companies, which have a desperate need for yield in a financial system where returns on conventional fixed income securities are systematically repressed by the central bank.
Private equity managers are tax-enabled speculators. Their winnings come in the form of a 20% carried interest on the thin slice of equity at the bottom of an LBO capital structure. This 20% share of the return earned by the limited partners (LPs), who actually put up the money and bear the extreme risk of being pinned under a mountain of debt, might arguably be considered generous. But there is no way that it should be considered a capital gain. It is nothing more than the service fee earned for managing other people’s money.
…click on the above link to read the rest of the article…
It begins: IRS launches International Data Exchange service
It begins: IRS launches International Data Exchange service
Yesterday, the IRS announced the International Data Exchange Service.
If you’ve not heard of it, it’s is an outgrowth of the Foreign Account Tax Compliance Act (FATCA), which requires every single bank in the world to get in bed with IRS to share information about customers.
We’ve said this over and over, FATCA is probably the dumbest law in the history of the United States. And I don’t say that lightly, because there’s definitely stiff competition.
Like any other bankrupt government, the US government has taken to intimidating its own citizens and the entire world in an attempt to make ends meet.
Their hope was that the minority of people committing tax evasion would come clean and that it would result in some huge boost in tax revenue.
But the fact is that tax revenues actually haven’t improved at all.
…click on the above link to read the rest of the article…
How the IRS and Department of Homeland Security are Expanding Undercover Work (IRS Agents Can Even Pose as Clergy) | Liberty Blitzkrieg
Those guidelines apply only to the law enforcement agencies overseen by the Justice Department. Within the Treasury Department, undercover agents at the I.R.S., for example, appear to have far more latitude than do those at many other agencies. I.R.S. rules say that, with prior approval, “an undercover employee or cooperating private individual may pose as an attorney, physician, clergyman or member of the news media.”
Across the federal government, undercover work has become common enough that undercover agents sometimes find themselves investigating a supposed criminal who turns out to be someone from a different agency, law enforcement officials said. In a few situations, agents have even drawn their weapons on each other before realizing that both worked for the federal government.
– From the New York Times article: More Federal Agencies Are Using Undercover Operations
If this article doesn’t prove to you without a shadow of a doubt what the prosecutorial priorities of the U.S. federal government are I don’t know what will. I have been railing for years on this site about how the rule of law is dead and buried in the USA. How the “justice” system is targeting average citizens for non crimes, while allowing the large financial criminals responsible for destroying the global economy to get off on DPAs, or deferred prosecution agreements originally crafted to deal with juveniles (see: The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally).
…click on the above link to read the rest of the article…
“They Just Want The Money!” The IRS Can Now Seize Accounts On Suspicion Alone | Zero Hedge
“They Just Want The Money!” The IRS Can Now Seize Accounts On Suspicion Alone | Zero Hedge.
How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”
The federal government does.
* * *
The topic of civil asset forfeiture has been high on our agenda recently as federal ‘agents’ discover how to steal Americans’ hard-earned cash with zero repurcussions , and decide unilaterally how much cash a ‘common man’ is allowed to carry; but as The NY Times reports, the escalation to The IRS brings a whole new world of possibilities with regard asset confiscation based on no actual crime being proved…
For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away – until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.
The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
Her money was seized under an increasingly controversial area of law known as civil asset forfeiture, which allows law enforcement agents to take property they suspect of being tied to crime even if no criminal charges are filed. Law enforcement agencies get to keep a share of whatever is forfeited.
…click on the above link to read the rest of the article…
