IRS Threatens Americans: Come Clean Now, Before We Use Panama Papers Against You

Chris Menahan
Apr. 18, 2016

The IRS is now threatening American taxpayers that they're going to use the illegally obtained Panama Papers data to prosecute tax cheats.

Last week, we reported how UBS whistleblower Bradley Birkenfeld said he's "sure" the CIA is "behind" the Panama Papers leak.

At this point, what more proof could one ask for?

From NBC News:
U.S. officials revealed to NBC News that they have taken part in two global meetings about the Panama Papers to plan how to use the huge trove of leaked documents to catch criminals -- and urged Americans to come clean now before illegal activity is discovered.

Last week's discussions in Paris and Washington between IRS and Treasury officials and their counterparts from around the world are the first evidence of U.S. involvement in the growing international coalition eager to analyze and use the data about more than 214,000 offshore companies listed by Panamanian law firm Mossack Fonseca.

In a statement to NBC News, the IRS acknowledged participating in a "special project meeting" of JITSIC, the Joint International Tax Shelter Information and Collaboration network, about the papers in Paris last week.

The IRS also encouraged any U.S. citizens and companies that may have money in offshore accounts to contact the agency now before any possible illegal activity on their part is identified. According to media reports, the documents contain information on potentially thousands of U.S. citizens and firms that have at least an indirect connection to offshore accounts affiliated with Mossack Fonseca. Many other firms provide similar services, and the Treasury Department estimated last year that more than $300 billion dollars of illicit proceeds are generated in the United States annually, with criminals using such companies here and abroad to launder funds.

"People hiding assets offshore should recognize the continued changes and progress in the international tax arena," the IRS said. "More than ever, their best option remains to come forward voluntarily and participate in the IRS Offshore Voluntary Disclosure Program."
This "leak" is such blatant fraud it's comical. Nonetheless, it shows the depravity our usurper government will sink to, they already use illegally obtained NSA/DEA spy data to bust Americans for petty drug offenses, it's just a matter of time before they use their entire spy grid against us for every minor offense. The spy grid is about controlling Americans, not protecting the country from terrorists (nowadays they fly them into the country).

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