Now that the Cold War is a distant memory, it is wonderful that Wall Street’s miraculous ways can now be exported in a warm global embrace of offshoring sweetheart deals. Arranged using cutting-edge neoliberal techniques, the recently-leaked Panama Papers reveal a world of plundering opportunity that benefit the 1% of Russian plutocrats and other "entrepreneurs":
The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes.
The Guardian, working with global partners, will set out details from the first tranche of what are being called “the Panama Papers”. Journalists from more than 80 countries have been reviewing 11.5m files leaked from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm.
www.theguardian.com/...
Go watch the short video at this link to see how it's done: www.theguardian.com/...
Trickle-down economics at its finest is much better tasted by the exploited/ripped-off masses with the sugar of noblesse oblige. Too bad Putin did not arrange for donations to a large well-placed transnational foundation. That is a price of doing business usually well worth paying. I almost pity Putin for not being well-advised.
Brother, can you spare a dime?
- Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.
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A $2bn trail leads all the way to Vladimir Putin. The Russian president’s best friend – a cellist called Sergei Roldugin - is at the centre of a scheme in which money from Russian state banks is hidden offshore. Some of it ends up in a ski resort where in 2013 Putin’s daughter Katerina got married.
- Among national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.
Now let's go back to the regularly-scheduled DC Madame story, and be glad that the U.S. has a squeaky clean presidential candidate who rejects neoliberalism, and the jet-setting financial and mercenary elite it produces and benefits.