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Know What Is Panama Paper Leak That Ousted A PM From Power

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panama papers details, list of panama paper, panama paper scandal, pnama papers india names, panama papers politicians

 

Pakistan once again in a row loses its prime minister before completing 5 years of the term because supreme court barred him from the office as a head of country’s government. On 28 July 2017, Pakistani PM Nawaz Sharif held the second position in becoming the head of a government to abdicate the office, a political repercussion of Panama papers scandal.

The first head was Iceland Prime Minister Sigmundur Gunnlaugsson who gave up two days after his name got leaked in the paper that displayed some untold interests related to his wife’s health. They both share mutual compunction and cannot be exculpated of this opprobrium.

The only difference is, Gunnlaugsson resigned from his office just after the publication of Panama Papers revealed his name and this led to the riot in the Iceland last year and Sharif left after the quagmire of legal battle finally came to an end but not in favour of him.

Have you ever wondered why these Panama papers are creating a buzz all across the world? Who leaked Panama Papers? Why it has so much of power that it can become destructive to anyone relating to it. Let’s find out some details about these Panama papers.

What are Panama papers?

There exists a Panamanian law firm- Mossack Fonseca, basically, Panama papers are the leaked documents of this law firm. There was an enormous leak of 11.5 million documents of this firm and on April 2016, these documents disclosed that how the clients of Mossack Fonseca evade themselves from paying taxes, subterfuge law consent and launder money.

Why is Panama Papers leak hitting the headlines

The leak is creating so much of havoc all across the world. There must be something fishy that news channel, media companies’ are covering it too much. The reason behind this shock wave is that some of the elite personalities, celebrities who can be the role model to many, politicians are included in the list of leaked Panama papers.

panama papers details, list of panama paper, panama paper scandal, pnama papers india names, panama papers politicians

The documents reveal about the link of minimum 12 current and former heads of state and 143 other politicians to illegitimate financial transactions.

There is no shortage of esteemed personalities and high profile names whether from India or other different countries like- Amitabh Bachchan, Aishwarya Rai, topmost lawyer Harish Salve, relatives of Sharif and Sigmundur, Russian President Vladimir Putin, kins of Chinese President Xi Jinping, Barcelona forward Lionel Messi and many other prominent names.

The Panama Papers leak also revealed that more than 500 banks, including their subsidies and branches, registered nearly 15,600 shell companies with Mossack Fonseca.

How Panama Papers leaked from such a secretive offshore law firm?

It was soon after the German news paper Suddeutsche Zeitung published in a newspaper that world’s most secretive offshore law firm is exercising for decades to help their clients in evading tax and money laundering.

Mossack Fonseca tax haven, how Mossack Fonseca, offshore tax haven firms, how panama papers leaked, panama paper scandal pakistanAccording to the newspaper, an incognito contacted Suddeutsche Zeitung and submitted encrypted international documents from Mossack Zeitung that sells anonymous offshore companies around the world.

The newspaper approached Washington-based Consortium of Investigative Journalists (ICIJ) with these documents. And then this research took place on international level journalists. 107 media outlets in 78 countries were involved in this investigation.

This was the biggest ever leak in the history. 40 years of data was covered in these leaked documents from 1977-2015.

What was the impact of Panama Papers leak across the world?

Here we have a list of few instances:

  • Indian Prime Minister Narendra Modi tried to inquire about Panama Papers leak but the government told that it’s a complicated process and it requires a multi-agency group which will include officers from the investigative unit of the Central Board of Direct Taxes and its Foreign Tax and tax research division, Reserve Bank of India and Financial Intelligence Unit.
  • As we have already discussed, Prime Minister of Iceland, Sigmundur Gunnlaugsson, resigned from his office after the media coverage of this subterfuge.
  • Countries like Colombia and France proclaimed Panamanian firm as a Tax haven for the people and the businesses. This helped the government in restraining tax evasion and then they exhorted the Central American country to sign a financial information-sharing agreement.
  • Gonzalo Delaveau, president of the Chilean branch of Transparency International, resigned after documents from the Panamanian law displayed his link with at least 5 offshore companies.

Exploring more about Tax Haven Of Mossack Fonseca

  • Mossack Fonseca & co. is a Panamanian law and corporate service provider with more than 40 offices worldwide.
  • Founded in 1977, it is a leading global company which gives extensive legal and trust services.
  • It is specialized in commercial law, trust services, investor advisory, international structures.
  • It also offers maritime law services and Intellectual pproperty protection.
  • It performs in countries like Switzerland, Cyprus and British virgin Islands and in the Britain independently administered jurisdiction Guernsey, Jersey and the Isle of man.

(Author Stuti Agarwal is graduated in Bachelor of journalism and mass communication from Banasthali University, she wants to open her own channel in her city so she’s currently working on a start-up Moradabad live. She’s a freelancer at content writing, charismatic reader and a book reviewer.)

Also read: Why should you file ITR even if your income is not taxable

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6 Things You Need To Know Before Buying A Hosting Service

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Most of the companies cannot afford even a couple of minutes of downtime in which their website goes inaccessible for the visitors. For e-commerce companies, a few minutes of downtime can result into a big loss of money. That’s why everyone wants to have a good hosting service on their backend. But that may be easier said than done given the hundreds of alternatives out there which range from hosts in our own country to those who run their servers from EU or US and brag big about their services and add-ons.

But how can you know if you want to invest $10 per month versus $100?

If you are looking for best hosting in India, there are a number of posts covering the blogging websites and hosting platforms, which suggest and review the hosting services in India, but before you fall for the reviews list down all your requirements – what do you need and what not!

Which hosting is good or bad?

How close would be the data-centers for your customers? Just how friendly and fast that they solve your issues. Below there are various other elements which you ought to check while buying a hosting:

  • The Bandwidth: Most shared hostings will probably be beneficial for you if you have around 15000 traffic on your website a month. Do not fall for the unlimited features they provide. On shared hosting you’ll observe that even if your bandwidth and space are infinite, the processor time and ram and inodes are, and they’ll limit your website when you have lots of visitors.
  • The Uptime Guarantee: Most great players on the internet hosting marketplace are the same. When picking shared hosting, an essential aspect ought to be uptime and speed of delivery from those servers.
  • Customer Support: Nobody can stop glitches 100 percent, so when and if you end up in the midst of one, it’s better to get somebody who you can call on to find an instant solution. That means searching for suppliers offering 24/7 customer support service who talks your language and really pick up the telephone when you want them to. You do not have to only listen to reviewers tell you just how reliable a Web host’s customer service is, you can check and see for yourself before signing up together. Ask questions and listen to the way every hosting provider copes with your queries.
  • Web hosting location: You’d want UK/Europe based data center (much faster data delivery) and but remember, they won’t be speaking your native language and because of the time zone differences, their customer support representative won’t be able to solve your issues in your desired time.
  • Site hosting speed: Site Speed is a ranking factor too. The quicker the website, more visitors, and conversions and much more income to your company. That is why you require local hosting, and examine their ping and webpage loading time; Google urges server response time under 200ms.
  • Don’t fall for the name: Not all of the big-name Web hosts are all great for you. Big internet hosts are fantastic businesses which have built their forte to victory with time. However, we seldom get blindsided by their successes so much that we do not pay attention to if their hosting alternatives will suit our business requirements or not.

So which hosting would be best for your website? You already have the answer – the one that fits according to your requirements!

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OMG This Porn Can Kill Your Libido

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porn erectile dysfunction , porn induces ed, how porn is harmful

One of the biggest lies internet communities and modernism have sold us is that enjoying porn is totally healthy and acceptable. For many, cyber-porn is causing problems beyond finding ways to erase that browser history.

With republicans calling porn a public health crisis and governments banning it many countries, the damage done by porn has suddenly become a social evil as psychiatrists have linked porn with the making of ‘Young Sexual Offenders’ and sexual health experts have blamed it for inducing Erectile Dysfunction (ED).

How porn rewires your brain, hijacks your libido, and risks your bedroom life is certainly an issue that cannot be ignored anymore. Internet porn is creating a generation of young men who are hopeless in the bedroom, ruining many relationships and marriages, according to the recent researches.

Watching porn isn’t giving a guy erectile dysfunction, but also decreases their attraction to their partner, contribute to human sex trafficking, and addicting them to their computer screen.

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Porn can ruin your relationship by killing your libido

Researchers think the Internet makes people much more vulnerable to sex addictions because it gives them instant access to pornographic material. While most porn viewers are guys, about one third of visitors to pornographic websites are women, and psychologists say women struggle with cyber-porn addictions, too.

Participants in a study viewed only about five hours of pornography over a six week period. Afterwards they noticed a direct impact on their sexual satisfaction in real relationships. The more participants were exposed to porn, the less satisfaction they had with their intimate partners: they were less likely to be pleased with their partner’s physical appearance, affection, and sexual performance in the bed.

A man’s physical response to porn—faster heart rate, increased blood-flow, erection—is preceded by a deeper neurological process, which scientists have attempted to capture through brain scans.

The report, called ‘Porn-Induced Erectile Dysfunction is a Growing Problem’, explains that the loss of libido 30 years early is caused by continuous over-stimulation of dopamine, the neurotransmitter that activates the body’s reaction to s€xual pleasure, by repeatedly viewing pornography on the internet.

Exposure to lurid images and films in the new media is de-sensitizing so many young people that they are increasingly unable to become excited by ordinary sexual encounters, reports suggest.

How Porn Hijacks the Brain

A ‘paradoxical effect’ is created whereby with each new thrill, or ‘dopamine spike’, the brain loses its ability to respond to dopamine signals, meaning that porn-users demand increasingly extreme experiences to become sexually aroused. This imbalance in the brain leads to many problems: impotence with your spouse, frequent masturbation with very little satisfaction, anxiety, fatigue, lack of motivation, inability to concentrate, and escalating tastes for more bizarre or novel porn.

Over a decade ago, Dr. Judith Reisman called porn an “erototoxin,” theorizing that the brain itself might be damaged while watching porn. She speculated that future brain studies would reveal that the surge of neuro-chemicals and hormones released when someone watches porn has measurably negative effects on the brain.

Her theory was initially ignored by the perverts but the recent studies and brain mapping proves it scientifically that porn can ruin your sex life, romantic relationship and the marriage. People who think that porn is harmless and simply helps people “get in the mood”, or “relieves frustration”, are kidding themselves.

The chemical processes in our brains are really complicated, and when you start messing with them, it’s really difficult to develop a healthy sexuality again.

Also Read: Why You Should Go For A Blood Test Before Marriage

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