Peter Schiff Tax Evasion - ATO Operation Atlantis

Discussion in 'Gold' started by willrocks, Oct 18, 2020.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
  2. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,585
    Likes Received:
    1,939
    Trophy Points:
    113
    What's the difference between tax evasion and avoidance? Is it avoidance when government workers and large corporations do it and evasion when everyone else does it?
     
    Ivykoin, dragafem, SilverDJ and 2 others like this.
  3. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Avoidance is legal. Evasion is illegal.
     
    JohnnyBravo300 likes this.
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,556
    Likes Received:
    3,398
    Trophy Points:
    113
    Location:
    Colorado USA
    Also evasion is when you knowingly lie, then sign your name to it.
    Avoidance is doing neither and signing your name to nothing.

    As soon as you sign your name you are saying its truthful under penalty of law.

    Evasion has criminal penalties after you've basically incrementated yourself with your signature and your tax forms are found to be wrong.
    Avoidance has no criminal penalties because it's not a crime.

    At least in the us. Cant speak for other places of course.
     
    willrocks likes this.
  5. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    And the problem with exploiting legal loopholes is?....
    Don't want them exploited?, close them.
     
    oziwassabi, slavaja, 66rounds and 2 others like this.
  6. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    The real reasons behind Operation Atlantis seems to be an expansion of money laundering laws that would in effect strip away client legal privilege and also implement other globalist agendas.

    Banking laws require bank employees to secretly report customers to government authorities, if they tip-off the customer they can face huge fines $300K+ or even criminal charges.

    Imagine going to a lawyer to discuss legal offshore investments or for asset protection. Then finding out your conversation has been secretly reported to the ATO so they can put you on their internal watchlist.

    https://www.smh.com.au/politics/fed...-lawyers-and-accountants-20201020-p566w8.html
     
    66rounds likes this.
  7. gsswan

    gsswan Member

    Joined:
    Jul 11, 2019
    Messages:
    33
    Likes Received:
    46
    Trophy Points:
    18
    Location:
    West Aust
    Would of been interesting if the reporter asked PS why would an aussie put money into Europac Bank & Schiff say to avoid bail-in of deposits
     
  8. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,009
    Likes Received:
    719
    Trophy Points:
    113
    Location:
    Melbourne
    Well worth watching Peter's Rebuttal on YouTube ... If it hasn't been shadow banned.

    Hatchett job at best.

    Ben from Perth Bullion and I were on his table at a dinner function with him 5 years ago. What a trip! He told us he planned to move to Peurto Rico soon.

    Channel 9 and The Age have lost all my respect.
     
    Skyrocket, slavaja, willrocks and 4 others like this.
  9. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,987
    Likes Received:
    3,390
    Trophy Points:
    113
    Location:
    Melbourne
    I'm surprised they had any respect with you to begin with!

    His response is pretty detailed. Would be interesting to see the full interview if it's ever released

    First rule of media interviews: RECORD IT FROM YOUR SIDE!
     
    Last edited: Oct 25, 2020
    dollars, leo25, slavaja and 1 other person like this.
  10. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,585
    Likes Received:
    1,939
    Trophy Points:
    113
    I'm surprised this isn't standard practice by now.
     
    dollars, 66rounds and willrocks like this.
  11. gsswan

    gsswan Member

    Joined:
    Jul 11, 2019
    Messages:
    33
    Likes Received:
    46
    Trophy Points:
    18
    Location:
    West Aust
    Seen it in other interviews to do with banking but when they say criminals had bank accounts with xxx bank I can't help but think how many criminals have accounts with the big in oz...

    Then if you use cash they try to make out you're a criminal, the media might as well just start shooting people
     
    willrocks and 66rounds like this.
  12. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,987
    Likes Received:
    3,390
    Trophy Points:
    113
    Location:
    Melbourne
    You have a bank account? Must be a criminal!
    You have cash? You must be a criminal!
    You're broke and starving on the street? You must be a criminal!
     
    Shlomo Goldberg and sctpc like this.
  13. gsswan

    gsswan Member

    Joined:
    Jul 11, 2019
    Messages:
    33
    Likes Received:
    46
    Trophy Points:
    18
    Location:
    West Aust

Share This Page