Tyler Durden
April 7, 2016
(ZEROHEDGE)
Anyone closely following the Panama Papers tax haven story, is by now
familiar with the role that Rothschild plays in providing virtually
identical services right here inside the US by the Rothschild Trust, as
explained in our recent article “Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World.”
They are also probably familiar with the name Andrew Penney profiled in January by Bloomberg as follows:
“Rothschild, the centuries-old European financial institution,
has opened a trust company in Reno, Nev., a few blocks from the Harrah’s
and Eldorado casinos. It is now moving the fortunes of wealthy foreign
clients out of offshore havens such as Bermuda, subject to the new
international disclosure requirements, and into Rothschild-run trusts in
Nevada, which are exempt. […]
“For financial advisers, the current state of play is simply a good business opportunity. In
a draft of his San Francisco presentation, Rothschild’s Penney wrote
that the U.S. ‘is effectively the biggest tax haven in the world.’ The U.S., he added in language later excised from his prepared remarks, lacks ‘the resources to enforce foreign tax laws and has little appetite to do so.’”
