If there’s one thing Americans are not, it’s shocked. It's been that way for years. Rick: Last night we said a great many things. Tax Analysts has already tried, but that's a story for another day. Thus spoke Captain Louis Renault moments before receiving his roulette winnings in … William Claude Rains, born in the Clapham area of London, was the son of the British stage actor Frederick Rains. Ordered by Major Strasser to shut down Rick’s Café, he quickly improvises the excuse: He is shocked, shocked to learn that gambling is happening here . Although the tax code may not reveal the secrets of life, it does inform us as to the. Holding companies are not themselves scandalous. I write about recent developments in U.S. and international taxation. On the day that Turner Classic Movies (TCM) is honoring one of cinemas greatest actors, Claude Rains, I am confessing my unwavering love for Captain Louis Renault in a simple but heartfelt post. Captain Renault is the scheming, cheating, back-stabbing, lying, womanizing, corrupt prefect in Casablanca, and I adore him. "I am shocked, shocked to find there is gambling going on in here!". Captain Renault: Oh, thank you very much. Everybody out at once! ), multinational firms are free to use holding companies as a means to shift money back and forth from one affiliate to the next. The source for the documents was allegedly a former employee from PwC's Luxembourg tax office. And one final thought. . You said I was to do the thinking for both of us. Each tax (and each loophole) is an essay in stimuli and behavioral response. His fingerprints are all over Luxembourg's historic rise to prominence as a favored host nation for tax-efficient intermediary structures. RE: CUSA Bowl record . Blog, interior enforcement In his famous scene from Casablanca, Claude Rains, playing the role of Captain Louis Renault, jokingly suggested that gambling in the local Rick’s Café nightclub astonished him. You may opt-out by. When I first read of the supposed antics of Harvey Weinstein, I found myself in the position once assumed by Captain Louis Renault in Casablanca. Obama Concocts Legal Pretexts for Amnesty Edicts. Note : Claude Rains as Captain Louis Renault. As long as companies comply with applicable law to reduce their effective tax burden, who am I to judge? That's what they do. I blow with the wind, and the prevailing wind happens to be from Vichy. And since it’s Europe, there's a VAT. Louis Renault: I'm shocked, shocked to find there's gambling in these premises. In case you missed it, Lux leaks involves a trove of PwC internal tax documents that fell into the hands of the International Consortium of Investigative Journalists (ICIJ). The IRS still operates a secretive process whereby multinationals can negotiate bespoke transfer pricing outcomes. Archbishop Jose Gomez has earned and retired the Shocked, Shocked Award based on the response of Captain Louis Renault, played by Claude Rains in … Big Business Hypocrisy and the Latest Push for Amnesty, President Biden’s Regressive Immigration Policies Threaten America’s Future, Michael Rivera: I’m the United Nations of Political Incorrectness, and a Proud American. That makes them quite different from the private letter rulings regularly issued in this country by the IRS. In short, taxes are sexy. If you love thoroughbred horse racing...May your next wager be a winning one!UpInClass Racing Forum (USA)http://www.upinclass.com Money comes in one end and goes out the other. Copyright 2020 Californians for Population Stabilization Use of the information on this site is subject to the terms of our Legal Notice and Privacy Policy. Much like Captain Louis Renault, I was “shocked, shocked” when ISS ignored our advice and decided that it would generally recommend a “for” vote for these proposals. "I'm shocked, shocked to find that gambling is going on in here." He suggests to Rick that they join the Free French in Brazzaville. It’s been a while since we’ve given out a Captain Louis Renault award, but we have a classic winner today. Strasser, tipped off by Renault, drives up alone. That's how holding companies function. Ultimately he does right by Humphrey Bogart's character, the film's protagonist, but let's face it -- adherence to transparent governance isn't Renault's thing. "I have no conviction, if… European Commission President Jean-Claude Juncker unintentionally echoed the spirit of Captain Renault this week. Captain Louis Renault: I have no conviction, if that’s what you mean. The practice worked successfully to curb Central American illegal immigration during the Reagan administration, and could still work if the White House had the political will. So let's cut to the chase: Anybody who has followed international taxation in the past decade should know perfectly well that Luxembourg is a popular host country for holding companies. The occasion was Juncker's appearance before the European Parliament to address the unfolding “Lux leaks” scandal. To quell the revolt, Strasser orders police captain Louis Renault, a corrupt officer of the collaborationist Vichy government, to shut the club down. Sullivan, doing his best imitation of Captain Louis Renault from Casablanca, was "shocked, shocked" to find prosecutorial misconduct. Croupier: Your winnings, sir. “I’m shocked, shocked to find that gambling is going on in here!” exclaimed a not-at-all surprised Captain Louis Renault in the classic film Casablanca, and CNN reporter Randi Kaye found herself shocked, shocked to find that Super Bowl crowds were drinking in Tampa before the big game. Captain Louis Renault: I’m making out the report now. Captain Louis Renault, Casablanca, 1942 Like Captain Louis Renault (Claude Rains) in the 1942 classic movie, Casablanca, City Council President Herb Wesson and his fellow members of the City Council were shocked, shocked when the FBI raided the offices and home of Los Angeles City Councilman Jose Huizar in November looking for evidence of bribery, kickbacks, extortion, and money laundering. What? I gave up practicing tax law to write about tax law, and never looked back. Previously, he spent 18 years as Luxembourg's prime minister. © 2021 Forbes Media LLC. So are its neighbors, Belgium and the Netherlands. How many times would you like this to recur? Waiter: “Your winnings, sir." The great actor is best known for his performance as Casablanca’s Vichy authority, the slick Captain Louis Renault — and for one particularly enduring scene. The governor keeps telling anyone who will listen how close his father and he have been toward members of the Orthodox Jewish community for more than 30 years. (Of course, he isnt shocked at all.) The corporate actors include such well-known names as Amazon, AIG, Apple, Burberry, Cargill, Deutsche Bank, FedEx, GE, Heinz, HSBC, IKEA, Pepsi, Verizon, Vodafone, and many more. Like Captain Louis Renault in Casablanca they are absolutely shocked, shocked that Saudi Arabia would do such an awful thing! What waters? Reader Gary Cohen ended his letter to Morning Read by writing, “The PGA Tour is selling its soul for the almighty dollar.” (“From the … S acramento Just as the movie Casablanca ’s Captain Louis Renault was shocked to find gambling going on in a renowned nightclub and gambling den, I, too, am shocked … ( Your winnings Capitaine. ) On November 5 the ICIJ finally went public with the results of its probe, presented in the form of a searchable online database. Captain Louis Renault, in the movie “Casablanca”: I'm shocked, shocked to find that gambling is going on in here." As the police arrive, Renault pauses, then orders them to "round up the usual suspects". In truth, Renault is fully in the know, corrupt and on the take. Furthermore, from the 860 aliens who received final deportation orders, only 14 reported. . Yet the ICIJ disclosure confirms that foreign firms have been able to push their effective tax rates down to 1 percent (or less) by obtaining preferential advance rulings from Luxembourg's tax agency. Like Captain Louis Renault (Claude Rains) in the 1942 classic movie, Casablanca, City Council President Herb Wesson and his fellow members of the City Council were shocked, shocked when the FBI raided the offices and home of Los Angeles City Councilman Jose Huizar in November looking for evidence of bribery, kickbacks, extortion, and money laundering. There's corporate tax avoidance going on in Luxembourg? Author has 5.3K answers and 1.5M answer views It comes from the movie, Casablanca, where Captain Renault, playedbt Claude Rains, says, "I'm shocked! Juncker, meanwhile, is only two weeks into his new job as boss of the European Commission. Although the tax code may not reveal the secrets of life, it does inform us as to the fundamental social compact between the government and the governed. Capt. (including this payment) *. The American taxpaying public (and that includes the tax bar) is infinitely better off today because PLRs are disclosed to the public. For many, the fictionalized portrayal also serves as our lasting impression of the short-lived Vichy regime. So when members of the European Parliament responded to Juncker's flimsy defense with a loud chorus of disapproval, including shouts for him to resign, I suspect their fury was aimed less at the low tax rates on offer in Luxembourg during his tenure and more at the process he cultivated. After doing the math, the Associated Press, which broke the story, calculated that 41,000 aliens didn’t keep their court dates. I gave up practicing tax law to write about tax law, and never looked back. Hence our mantra —no secret law. Thus spoke Captain Louis Renault moments before receiving his roulette winnings in Casablanca. Just about everybody remembers Captain Louis Renault, in “Casablanca,” declaring, “I’m shocked, shocked to find that gambling is going on here.” Domestically, taxes touch almost every aspect of our lives: employment, marriage, investment, and even death. They influence our economic decisions in a variety of meaningful ways. [aloud] Captain Renault : Everybody out at once. "I am shocked, shocked to find there is gambling going on in here!" Captain Renault: I'm quote, shocked to find that captain is going on in here! He was very protective of Rick and the refugees, showing to secretly be trying to sabotage Strasser's plan showing himself to not be completely evil, even before he completely redeems himself. All Rights Reserved, This is a BETA experience. It is an old movie by today’s standards, made in 1942. The three nations actively compete against one other to see which can boast about having the most business-friendly tax environment. The great actor is best known for his performance as Casablanca’s Vichy authority, the slick Captain Louis Renault — and for one particularly enduring scene. Opinions expressed by Forbes Contributors are their own. Its statutory corporate rate is relatively high at 29 percent. Catch and release ” in October 2006, the fictionalized portrayal also serves as our lasting of! Night we said a great many things about having the most business-friendly tax environment IRS still operates secretive! Movie by today ’ s what you mean posts: 1,315 Joined: 2018..... shocked, shocked to find that gambling is going on in Luxembourg bar ) is an old by. ) is an essay in stimuli and behavioral response out the other, it does inform us to... Best imitation of Captain Louis Renault: Everybody out at once old Drury. invasion! 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