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lets not be naive. A head of state can't have $2 billion in offshore saving without illegally sourcing some of that money. So for corporations, even though they
by gnufied 11y ago
lets not be naive. A head of state can't have $2 billion in offshore saving without illegally sourcing some of that money. So for corporations, even though they are too evading tax, their sources of income is known. For many powerful individuals sources of income ins't known (and probably illegal)
- Ntrails 11y ago> A head of state can't have $2 billion in offshore saving without illegally sourcing some of that money Sure you say that now, but when President Trump comes to power is it still true? (I have no clue how much he is actually worth, just countering that heads of state can have significant legitimate private wealth)
- azernik 11y agoSure, ones that were working on legitimate economic activity before taking office. But if someone comes into the presidency as a lifelong intelligence officer with no massive inheritance, and after 15 years in office is a multi-billionaire, it's pretty clear what's going on.
- tim333 11y agoThe legality can be a grey area. Say Putin has the state bank loan his company $2bn, the company invests in stocks which double and then sells them and pays back the loan, which law has he broken?
- pixl97 11y agoIn the US he would have broken many laws doing just that, as that kind of behaviors causes depressions. I have no idea what Russian laws are on the topic. If people discover he is doing something like that it would cause a drop in the stock market, it is extremely risky behavior.