Biden, Messi’s PSG, and the opaque millions of shame

Steve Jobs, in addition to being a genius, was an opportunist. 35 years ago he dedicated himself to weaving a network of subsidiaries to take advantage of the tax advantages that Ireland had to offer. He shifted the bulk of his worldwide profits to the small town of Cork, to save billions of taxes. From there he used what is known in tax jargon as the “Irish double” or “Dutch sandwich”, a double ham and cheese tax that allowed him a reduced taxation of said income, as well as an adequate financial “screen” to divert the bulk of the profits to tax havens.

Apple led the way that companies such as Google, Microsoft, Facebook or Amazon followed. Today the city of Cork is a peaceful “pirate harbor”, without an eye patch, where hundreds of multinational corporations take refuge. The Fiscal Observatory of the European Union collects an extensive list of companies installed very “willingly” in this warm universe of evasion.

One of them is the business holding Qatar Sports Investments, owner of Paris Saint-Germain, which carries out the bulk of its financial activity from the city. It is estimated that the interstellar “zeros” of Messi’s transfer were designed from here, as well as the annual “manufacture” of the 1,169 million euros of the budget of the French first team. The research agency ProP República considers the average business taxation in the city to be below 3%. Millionaire “liquefied” profits that erode the public coffers of the States. Today’s unpleasant Irish taxation may have its days numbered. A few weeks ago, Joe Biden presented a decree with 72 initiatives in charge of twelve federal agencies: “No more covert tax evasions. No more tolerance for abusive actions by monopolies. No more harmful mergers that lead to massive layoffs, ”he said.

Hear such a social speech from a Biden politically born in the tax haven of Delawere and voter in favor of the tax cuts of Reagan In the eighties, it makes us wonder how much we had regressed. The elderly president oxygenates his economic policy with measures so “Bolivarian” that it is disconcerting for international organizations. On July 1 -in an initiative promoted by the US and the G20– 131 countries signed a historic agreement to reform the international tax system. The jewel in the crown is a global minimum rate of 15% on corporate tax. Far removed from the evasive tax “gymnastics” of today. Qatar Sports Investments he is a famous “gymnast”. A holding company accused – with a final judgment – of fiscal opacity, tax obscurantism, and of systematically violating the fair play financial. A gem.

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Messi was ripped from a Barcelona in debt to take refuge in a sophisticated “lobby” chaired by some “Sheikhs Magos” who operate from the East of Corleone. Goodness. One is calmer. Leo is more protected.

The top leader of Paris Saint-Germain, the qataire Nasser Al-Khelaifi, was charged by the Swiss General Prosecutor’s Office, together with the former number two of the FIFA, Jerome Valcke, for crimes of corruption and bribery in the purchase of television rights from 2018 to 2030 of the World Cups and the Confederations Cup of the FIFA. The Swiss Prosecutor’s Office sat him on the bench accused of “committing criminal administration aggravated by falsification of documents.” The imputation of Valcke He was determined to accept alleged millionaire bribes through a shell company that operated on the rental of a mansion in Sardinia (Italy), cover of Qatar Sports Investments. Gianni Infantino he had to testify at the trial as the former chief executive of the UEFA, accused of facilitating perks and hiding financial excesses of the Parisian entity. These are just some of the holding company’s numerous problems with the law. The privatized “small ball”Does not rest. So innocent she. So integrated into the “establishment “. It’s true. You feel calmer. Now Leo is more protected.

* Former Velez player, World champion in Tokyo 1979.

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