Westpac, Perth Mint, Peter Schiff caught up in a global tax evasion probe

Discussion in 'General Precious Metals Discussion' started by ozcopper, Oct 18, 2020 at 11:04 AM.

  1. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Westpac Banking Corporation, the Perth Mint and hundreds of Australian citizens have been caught up in a global tax evasion probe into a Puerto Rican bank co-owned by a flamboyant American millionaire.

    Euro Pacific Bank, fronted by US financier and celebrity business commentator Peter Schiff, has been proscribed as a “top tier” organised crime threat to Australia because of its suspected use by Australian and international organised crime syndicates.

    More Here: https://www.smh.com.au/national/wes...global-tax-evasion-probe-20201015-p565la.html
     
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  2. ozcopper

    ozcopper Well-Known Member Silver Stacker

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  3. slavaja

    slavaja Well-Known Member Silver Stacker

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    Peter schiff was on 60 minutes as well. He walked out of the interview.
     
  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Hmmmmmm...juicy stuff that.
     
  5. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Don't think I've ever seen him squirm so much in an interview. Mind you, it was only a short clip.
     
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Didn’t see any interview with Westpac or the PM. Looks like sensationalist ploy to stir up something. Seriously, HSBC was making steel deposit boxes for the Mexican drug cartel, and JPM and Deutsche ......we know what they do.
     
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  7. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    AUS banks are caught on the web... HA HA!

    Bet ya ScoMo will start his 'Royal Commission' inquiry to do 'smoke 'n mirror'.... cause he needs his campaign monies soon...
     
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  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Will PM ends up like PB?!
     
  9. Karoi

    Karoi Active Member

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    That’ll be the day :D
     
  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Lol, I was seriously looking at opening a bank account with them way back in my paranoid/flag planting days. Blew the $$$ on alcohol and punting instead.
     
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  11. willrocks

    willrocks Well-Known Member Silver Stacker

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    The bottom line is it's not Shiff's or any other bank's responsibility to administer tax laws of various jurisdictions.

    The ATO have been trying to demonize offshore accounts since Project Wickenby. Around 2014 they started asking every Australian taxpayer whether they have $50K or more offshore. Most tax jurisdictions only want to know about reportable offshore income not details about your assets. Many jurisdictions don't even tax foreign income.

    IDK, maybe some people just don't fully trust Australian banks. Or they want a gold backed account.

    Here's a balanced view.

     
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  12. leo25

    leo25 Well-Known Member Silver Stacker

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    Peter's only mistake was facilitating dodgy transactions in the millions. If he was doing dodgy transactions in the 100s of billions like all the big banks, then he would be golden.

    Also that smartass "reporter" needs a swift kick to the head.
     
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The State (and its mates) has a monopoly on dodgy transactions and don't appreciate having their turf cut.
     
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  14. willrocks

    willrocks Well-Known Member Silver Stacker

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    He really does. Apparently the interview was agreed on the false pretext that Peter would be discussing economic issues, gold and inflation.

    The reporter also appears very ignorant about international laws and banking.
     
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  15. slavaja

    slavaja Well-Known Member Silver Stacker

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    A interview discussing economics, gold and inflation would have been a much better topic.
     
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  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Gotta love 60 Minutes.....I once heard some describe 60 Minutes as "13 minutes of commercials and 47 minutes of BS". Spot on
     
  17. Chilli

    Chilli Member Silver Stacker

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    Schiff is sueing

     
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