December 2021 - cypherpunks - lists.cpunks.org

U.K. Man Slips, Wedges WWII Anti-Tank Missile Up His... Umm... This Is Awkward
by jim bell 17 Dec '21

17 Dec '21

https://news.yahoo.com/u-k-man-slips-wedges-203900148.html Doctors were able to defuse what could have been an explosive situation. - A man in the U.K. sought medical attention after he was unable to remove an anti-tank shell from his rectum. - The hospital called the British Army, which determined he was in no danger of exploding. - The man explained that he had “accidentally” fallen on the shell while cleaning. An unnamed British man is recovering somewhere—and likely thanking hospital privacy laws—after being treated for an anti-tank shell stuck in his rear end. The incident, which took place in Gloucestershire, England, saw the army’s explosive ordnance called out to ensure the shell, more than two inches in diameter (above), posed no threat to the man or medical staff treating him. Scroll to continue with content Ad Jim Bell's Comment: "No Shit!!!!!"

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Washington proposing tracking road usage?
by jim bell 17 Dec '21

17 Dec '21

BY DORI MONSON SHOW Weekdays on KIRO Radio 12pm-3pm "Nearly 20 years ago, a source inside Washington state government told me that within two decades, the Puget Sound Transportation Commission had plans to make every single inch of every single road in our region a toll road. My source was solid. —" "When I reported this, people responded, “Oh, come on, Monson. You’re full of … hyperbole.” "But just this week, KIRO Radio’s own traffic reporter Chris Sullivan reported on a Washington State Transportation Commission meeting where a pay-by-mile or road usage charge (RUC) system is under review. And one system could track your driving round-the-clock." https://mynorthwest.com/3285666/doir-privacy-washington-tracking-driving/

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3 worst shitholes on the planet
by Punk-BatSoup-Stasi 2.0 17 Dec '21

17 Dec '21

those are sweden, england and the US. The three of them are imperialist mafias. The swedish shithole deserves a special mention because it is hilariously seen as some kind of 'progressive' 'socialist' 'utopia' when in reality it's a country of thieves and murderers, or pirates, just like england. The viking scumbags are responsible for invading and looting all of europe including france and england! The nature of those three shitholes becomes particular clear when one looks at the assange affair which shows the US, english and swedish turds fully cooperating to destroy justice as completely as possible. On the other hand, only one country in the whole world helped assange, and that is a poor country in the 'third world' - which further illustrates the fact that the worst enemies of human rights are the 'developed' jew nazis from the 'developed' world. ps: worst shithole #4? isreal of course.

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Intellectual Property Platform
by Stefan Claas 17 Dec '21

17 Dec '21

Hi all, pretty cool IMHO, if you are familiar with IPFS. https://www.notex.ch/home Regards Stefan

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Sin City is a no-holds-barred game where factions feud over territory and resources.
by professor rat 17 Dec '21

17 Dec '21

Sounds like cryptoanarchy https://cointelegraph.com/news/mafia-themed-metaverse-game-gearing-up-for-l…

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LOL-GOP-Qanon pay to join Trump Crime Family
by professor rat 17 Dec '21

17 Dec '21

washingtonpost.com reports GOP agrees to pay up to $1.6 million of Trump’s legal bills in N.Y. probes The Republican National Committee voted to cover Trump’s costs even though the N.Y. investigations predate his time as president. As a favor for the Don. https://en.wikipedia.org/wiki/Salvatore_Testa

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Russian Foreign Ministry spokeswoman Maria Zakharova needs raping
by professor rat 17 Dec '21

17 Dec '21

Bad joke, sorry. I apologize. But it shows the pressure we're all operating under here. Journalist complains about journalist persecution - journalists reporting https://groups.io/g/marxmail/topic/caitlin_johnstone_the/87770944?p=,,,20,0… Media journalists are spinning a case against a fellow journalist? Sounds like cannibalism in a leper-colony. Cannibal Caitlan calls on all pseudo-left pundits to do their duty " … The most powerful regime on the planet imprisoning a journalist for journalistic activity is as brazen and obvious an act of tyranny as you could possibly come up with, and yet you still get pseudoleft pundits acting like you’re some kind of weird freak for expecting them to oppose it. . . "

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JFK files release damming of Marxist Communist, James A. Donald
by professor rat 17 Dec '21

17 Dec '21

JFK files - Many of the files shed light on Oswald’s Soviet and Cuban embassy visits, and mention tensions between the United States and Cuba, and a statement from Marxist leader Fidel Castro about possible danger to U.S. leaders “if they helped in any attempt to do away with leaders of Cuba.” The documents also include discussion, in the days after the assassination, of the potential for Cuban involvement in the killing of Kennedy. One CIA document marked “Secret” states that one individual that Kennedy’s assassin spoke to was the Soviet embassy’s consul, who had links to the Marxist KGB’s “assassination department.” The pair discussed the gunman’s efforts to obtain a visa to visit the Soviet Union, according to the documents. On Oct. 3, 1963, more than one month before the assassination, self-described Marxist revolutionary, Donald, sorry, Oswald drove back into the United States through a crossing point at the Texas border. Also made public was a report that Australians in 1962 had received a tip from a man who claimed there was a plot to kill Kennedy. The man claimed he was a driver for Marxist Communist Soviet diplomats.

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Ham actor charged with violent sexual assault
by professor rat 17 Dec '21

17 Dec '21

"Will you be my Mary Magdalene, Heather? And bathe my feet at the cross?" - Assange 2011 https://www.today.com/money/how-julian-assange-could-seduce-even-you-1C8368… Julian Assange arrested in London on rape charges https://www.csmonitor.com/World/terrorism-security/2010/1207/WikiLeaks-Juli… GEOFFREY "sexual offence for a man to deliberately deceive a partner whose consent has been conditional upon his use of a condom" ROBERTSON JULIAN " Being guilty of aggravated rape has nothing to do with our party" A. Broinowski. Wikileaks Party NSW candidate for au Senate. 2013.

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Cryptocurrency: Tax Havens Being Sought By HODLers
by grarpamp 17 Dec '21

17 Dec '21

Crypto Rich Flock To Puerto Rico, World's New Luxury Tax Haven Paradise https://www.bloomberg.com/news/features/2021-12-11/crypto-rich-are-moving-t… https://news.bloombergtax.com/daily-tax-report/irs-seizes-foothold-on-puert… https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-C… President Joe Biden says the 1980s Reagan era trickle-down economics doesn't work as he wants to roll back tax cuts for the rich. The impending clampdown has spooked top affluent investors, including crypto investors, who are descending to Puerto Rico to dodge tax hikes. Puerto Rico passed two important tax bills in 2012 that has transformed the island into a cryptocurrency tax haven paradise. Under Act 22 of its local tax code, the Caribbean island and unincorporated U.S. territory offers full exemption from all local taxes on passive income to new residents. Act 20, provides a 4% corporate tax rate and exemptions on dividends. This is a much better deal than the U.S., where investors pay 20% in long-term capital games and 37% in short-term gains. The explosion of remote work, expansion of crypto markets, and tax haven have made the Caribbean island attractive for crypto investors. That was the case for Anthony Emtman, who left Los Angeles behind and bought a condo at the resort in March. The chief executive officer of Ikigai Asset Management is now a part of a burgeoning crypto community along Puerto Rico's north shore, where the tropical weather is just a bonus. Emtman and his crypto peers take a page out of hedge funds' books and seek residence on the island to reap huge tax savings. - Bloomberg The rise in crypto markets has made it an easy target for the Biden administration and Democrats to tax the living hell out of the industry. Smart money understands what's coming and wants no parts of it. Crypto funds Pantera Capital and Redwood City Ventures have moved to the tropical island to escape U.S. taxes. Facebook product manager-turned-whistleblower Frances Haugen recently disclosed that she moved to Puerto Rico to be with her crypto buddies. Now, "it's not just, 'Move to Puerto Rico to save tax,'" said Giovanni Mendez, a corporate tax attorney. "It's, 'Move to Puerto Rico because everybody is there.'" Puerto Rico's tax laws were put in place to help its struggling economy a decade ago. Hedge funds have been shifting operations from the Northeast U.S. to the island for at least half a decade or more. So far this year, Puerto Rico has received more than 1,200 applications — a record — through its Individual Investors Act, which exempts new residents from paying taxes on capital gains, according to the island's Department of Economic Development and Commerce. The number of U.S. mainlanders seeking Puerto Rico's tax breaks has tripled this year. Another 274 corporations, LLCs, partnerships and other entities were approved for the Exports Services Act, which provides a 4% corporate tax rate and a 100% exemption on dividends. Both fall under Puerto Rico's Act 60, a group of tax breaks that were packaged together in 2019 to attract investment not just from crypto, but finance, tech and other industries. -Bloomberg Michael Terpin, the founder of BitAngels, moved to the island from Las Vegas in 2016. He's known as the "messiah" for convincing people to move to the island. Crypto investors are interested in several areas on the island: Bahia, which resides 26 miles east of San Juan, and the Ritz-Carlton Dorado Beach resort. The wave of new newcomers has lifted property markets in the country. Francisco Diaz Fournier, the founding partner of Luxury Collection Real Estate, said some properties are now selling for more than $20 million. "Right now we are selling a home in Dorado Beach for $27 million, and another one is going for $29 million," Fournier said. Blanca Lopez, the founder of Gramercy Real Estate Group, said Bahia prices per square foot have doubled. "We are seeing prices north of $3,000 per square foot," Lopez said. She said homes in Condado are between $1,400 to $1,500 per square foot, an approximately 35% increase from a year ago. Meanwhile, inventory is running low for high-end homes. "We don't have room, at least not in Dorado, Bahia or Condado," said Fournier. "The market is spreading out, so we're seeing spillovers in areas of San Juan where people wouldn't look before." So far, the tax incentives appear to be working. Crypto investors flock to the island to dodge Biden's proposed tax increases. However, the IRS has a message for net-worth individuals, corporations, and cryptocurrency traders moving to the island: 'We're waiting for you...' The bad news is the push for statehood would kill its tax system. In the meantime, wealthy crypto investors don't care and seek tax shelter on the tropical island. Hedge fund managers have been descending on Puerto Rico in the hopes of dodging Biden tax hikes, and to take advantage of tax incentives rolled out in 2012 which have lured high net-worth individuals, corporations and cryptocurrency traders alike. If you fall under any of the above and you're falsely claiming to be a resident of Puerto Rico, the IRS has a message for you: 'We're waiting for you...' According to Bloomberg Tax, the agency has been the focus of a "sweeping" review to examine individuals who took advantages of the tax incentives. According to the report, "More than 4,000 mainland U.S. residents and firms have moved to the territory between 2012 and 2019, revealing potentially hundreds of millions of dollars in lost tax revenue to the U.S. government, according to an IRS report delivered to Congress." At issue are taxpayers who may have excluded income subject to U.S. tax, or failed to file and report income altogether when they moved to Puerto Rico, according to the IRS notice. The agency is also targeting those who claim to be bona fide residents of Puerto Rico but may be “erroneously reporting” U.S. income to evade taxes. The IRS’s push is taking place as Biden’s proposed tax increases have triggered moves by America’s wealthiest from high-tax states like New York and California, while hedge funds like Izzy Englander’s Millennium Management and ExodusPoint Capital Management have moved to establish subsidiaries on the island. An ExodusPoint spokesman declined to comment, while a representative for Millennium did not respond. -Bloomberg Tax Tax attorneys who advise HNW clients on Puerto Rican tax incentives are already reporting that they've received requests for information from the IRS, while more audits are expected now that the US tax filing deadline has passed. "The IRS doesn’t start a campaign and not follow through," said international tax layer J. Clark Armitage. "There are going to be a lot of audits." The Puerto Rico crackdown is part of a wider sweep by the Treasury Department, which estimated that wealthy taxpayers are hiding billions of dollars in income. According to Treasury Secretary Janet Yellen, the tax gap between what's owed and what's collected could grow to $7 trillion over the next decade if nothing is done. "One of the purposes of a campaign is to stop whatever fraud is going on while you’re doing the investigations and audits," said former IRS commissioner John Koskinen. "You like to stop people in their tracks." Campaigns by the IRS often take years to organize, as agents begin to detect factual patterns that indicate a significant loss of revenue due to non-compliance. In the case of Puerto Rico, much of the focus will be on establishing whether individuals are truly island residents and whether they properly sourced income to Puerto Rico. Unlike previous IRS efforts, the campaign’s origins began in Congress after lawmakers requested a report from the agency in their 2020 appropriations bill over concerns Puerto Rico’s tax laws may be enabling tax avoidance and that federal and state governments were being shorted revenue. “Every revenue authority everywhere is facing the same issue of needing to find an efficient process when there are fewer resources and budget constraints,” said Sharon Katz-Pearlman, global head of dispute resolution and controversy for KPMG. The IRS’ report to Congress calculated that more than 1,924 applicants—corporations, LLCs, partnerships, and other types—had been granted tax benefits under the Exports Services Act (formerly known as Act 20) as of March 2020 based on partial information provided by Puerto Rico. Act 20 offers entities a 4% corporate rate on business income and 100% tax exemption on dividends. That provision along with the Individual Investors Act have now been consolidated into a new incentive law to attract individuals and investments to the island. https://www.sovereignman.com/trends/what-happens-if-puerto-rico-became-a-st… What Happens If Puerto Rico Becomes A State? In late 2018, after more than seven fantastic years of living in Chile, I decided to move to Puerto Rico to take advantage of the island’s incredible tax incentives. By moving to Puerto Rico, I traded my right to vote in US federal elections for a 4% tax rate. And I’m pretty confident I got the better end of that deal. I’ve written about this quite extensively– but stick with me, because there’s a new twist to the story. As we’ve covered before, Puerto Rico is a territory of the United States. This means that the island falls under the jurisdiction of the US government for certain matters, like immigration and national defense. But it operates independently in other matters– like taxes. In fact, taxes is probably the most important one: Puerto Rico has its own tax system that’s completely independent from the United States. So residents of Puerto Rico can disconnect entirely from the US tax system, as long as their income is generated from Puerto Rican sources. This is a critical point: what constitutes Puerto Rican income? According to the tax code, this includes dividends paid by a Puerto Rican business, as well as capital gains from certain investments like stocks and bonds. So if you live in Puerto Rico and make most of your money from your Puerto Rican business, or you trade stocks, commodities, crypto, etc., then in most cases your income would be considered Puerto Rican in origin. If that’s the case, you are generally no longer required to pay US federal taxes on that income. In fact you might not even have to file a federal tax return at all. Instead, you would pay Puerto Rican taxes. And that’s where the incentives come in. Several years ago the Puerto Rican government established a number of extraordinary tax incentives, specifically targeted at those two cases– Traders, whose primary source of income is capital gains from their financial investments, literally pay ZERO tax. And entrepreneurs with qualifying businesses are only required to pay a 4% corporate tax rate (plus a tiny municipal rate that’s just a fraction of a percent, depending on which city you live in.) Plus, any dividends that your company pays to you are tax free as long as you live in Puerto Rico. This is an enormous benefit. If you live in the US mainland and operate an LLC, you’d pay, say, a 25% to 40% average tax rate on business income, not counting self-employment tax. If you run your business through a corporation, you’d pay 21% corporate profits tax, plus an additional 15% to 20% dividend tax, plus the 3.8% Obamacare surtax, plus state and local tax. In Puerto Rico it’s just 4%. Call it 4.5% to account for the local municipal tax. But that’s it. No extra dividend tax. No Obamacare surtax. You put more than 95% of your earnings in your pocket. This isn’t some obscure loophole or shady tax shelter. It’s the law. Section 933 of the United States federal tax code specifically exempts US citizens from federal tax on their Puerto Rican sourced income, as long as they are bona fide Puerto Rico residents . (Note that if you have US-sourced income, or income from foreign countries, that income would still be taxable by the IRS. Section 933 only excludes Puerto Rican income from US federal tax.) And in Puerto Rico, the incentives are also codified by law. In fact, once your tax incentive application is approved, you actually sign a contract with the government and are issued an individual tax decree. So even if they change the law later, you’d still be grandfathered in under the old rules, and continue to enjoy your current tax benefits. Now, here’s the twist: there are very, very few events that could trigger a problem with your tax incentives. But one of them just became more likely: Puerto Rico is currently a US territory. But there’s been a movement for quite some time for Puerto Rico to become a state… similar to how there’s a statehood movement for Washington DC. Just like DC, Puerto Rico tends to skew quite liberal politically. So the blue party in the US is very much in favor of Puerto Rico and DC becoming states. (I hate breaking down the world into red and blue, but in this case, it’s relevant.) It means they would likely pick up 2 more senate seats for each one, nearly guaranteeing the Democrats control of the United States Senate. Several months ago, in fact, the House of Representatives passed a bill authorizing DC to become the 51st state. It was killed in the Senate. But it shows the movement is real. Last week, Puerto Ricans had their own election. And statehood was on the ballot. The final tally showed that a majority of Puerto Ricans want to become a state. The Democratic party wants them to become a state. And if that happens, the benefits would go away. Sure, your company would still be subject to a 4% tax rate in Puerto Rico. But then you’d have to pay US federal income tax on top of that. So statehood pretty much kills the deal. But does last week’s vote mean that Puerto Rico will become a state? No, not necessarily. Statehood would require approval by the US House of Representatives. Then the Senate would have to approve it. And in order for that to happen, the Democrats would need to take control of the Senate AND agree to eliminate the filibuster. Then the President would need to sign it into law. So, it’s possible this could happen, but it’s not especially likely. And even if it did happen, there would still be several years of a transition process. So, bottom line, the tax incentives in Puerto Rico are still valid and extremely valuable. And even if they only exist for another 3-5 years, they’re still definitely worth considering.

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