People in the UK are struggling, yet the UK blindly ignores the vast tax avoidance happening under their nose. If the UK doesn’t know how much their own tax havens rob from the national treasury, imagine the rest of the world
Great doc from the Financial Times. “Russian oligarchs and companies have been investing in London for two decades, encouraged by British politicians of all stripes, but critics say the ‘London laundromat’ cleans dirty money from Russia and across the globe. The FT examines why it took Russia’s invasion of Ukraine to put the issue in …
https://www.theguardian.com/commentisfree/2022/apr/08/britain-war-in-ukraine-britain-putin-regime?CMP=Share_AndroidApp_Other
https://www.theguardian.com/business/2021/apr/08/biden-proposes-global-reforms-to-end-profit-shifting-to-tax-havens?CMP=Share_AndroidApp_Other
https://www.theguardian.com/money/2020/dec/21/luxury-london-homes-still-used-to-launder-illicit-funds-says-report?CMP=Share_AndroidApp_Other
Leaked documents show Cyprus passport scheme allowed political figures ‘vulnerable to corruption’ to buy EU citizenship. https://aje.io/49myq
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …
Clergy criticise tax-haven firms seeking coronavirus cash https://www.theguardian.com/business/2020/apr/27/clergy-tax-haven-coronavirus-richard-branson?CMP=Share_AndroidApp_WordPress
Coronavirus is also a threat to democratic constitutions – Not mentioned in this article is the power conferred on the state via financial bailouts. Governments around the world now control more and more of the financial machinery. Will this asphixiate the state or empower the state? https://giftarticle.ft.com/giftarticle/actions/redeem/59c2b45d-8239-4d3c-8af3-add70469b2c5 via @FT
Superyachts and private jets: spending of corrupt super-rich revealed https://www.theguardian.com/uk-news/2019/oct/24/superyachts-and-private-jets-spending-of-corrupt-super-rich-revealed?CMP=Share_AndroidApp_WordPress