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> This outrage is warranted, because it underscores how tiered the legal system is World wide (The US is least represented in the Pandora release but 2 Federal
by baybal2 5y ago
> This outrage is warranted, because it underscores how tiered the legal system is World wide (The US is least represented in the Pandora release but 2 Federal Reserve Presidents have just stepped down due to insider trading [0]) for those closest to power, whereas tax evasion is one of the most effective ways to get a criminal indictment for the average citizen in most of the World.
For those closest to the power, the easiest way to get around the law... is to follow it to the letter.
Biggest, and most famous Russian mafiosos live in the open in London, while diligently paying taxes on their multi-billion ill gotten wealth, and without using any offshore structures, or shady law firms at all.
And the British establishment, Downing St., is very happy with this arrangement.
What people forget about these things is that those offshores are a refuge for at most second grade rogue economic players, whose main rationale hiding their wealth is to hide it from other much bigger gangsters, and mafias from their home countries.
They themselves choose places like London not because it's a rich city to live in, but because of London offering much better protection from being gunned down in broad daylight than cities in their home countries.
- Melting_Harps 5y ago> For those closest to the power, the easiest way to get around the law... is to follow it to the letter. I'd agree but not for the reason(s) you've outlined, what they they will do is get their crimes legalized. Or, if they get caught as in the case with Christine Lagrade [0], they will get convicted but serve no sentence and remain in their position. Proving that selective application of the Law, nepotism and the failing up method is as prevalent as ever within these circles. The City of London Corporation is nearly autonomous to the greater UK with it's own political and legal framework [1], and given it's incredibly checkered past, you'd do well to keep that in mind when you decide to be an apologist for Russian tycoons and oligarchs. To be clear: I'm not against wealth or the wealthy, I'm merely pointing out the hypocrisy (and my disdain) for those who use their relation to the State for their own largess. 0: https://www.bbc.com/news/world-europe-38369822 https://www.bbc.com/news/world-europe-38369822 1: https://en.wikipedia.org/wiki/City_of_London_Corporation https://en.wikipedia.org/wiki/City_of_London_Corporation
- bserge 5y ago> because of London offering much better protection from being gunned down in broad daylight than cities in their home countries. Highly doubt it. A targeted assassination would be as easy in London as anywhere else.