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originally posted by: xuenchen
a reply to: RussianTroll
Keep in mind: The United States may have been the greatest gift ever given to The East India Company 😀
James S. Henry, former chief economist at McKinsey & Company, estimates that about $35 trillion is hidden in British tax havens, and $6.1 trillion in British dependencies. dollars As a result of these offshoring policies, 60% of global trade now consists of domestic transactions within multinational companies. In general, thanks to offshore companies, multinational corporations do not pay about $240 billion a year in taxes.
Trump and Russia: A Long Relationship
The Real Story
How do you separate fact from rumour in President Trump's connections with Russia?
The Curious World of Donald Trump’s Private Russian Connections
JAMES S. HENRY
Did the American people really know they were putting such a “well-connected” guy in the White House?
“Tell me who you walk with and I’ll tell you who you are.”
—Cervantes
“I’ve always been blessed with a kind of intuition about people that allows me to sense who the sleazy guys are, and I stay far away.”
—Donald Trump, Surviving at the Top
Even before the November 8 election, many leading Democrats were vociferously demanding that the FBI disclose the fruits of its investigations into Putin-backed Russian hackers. Instead FBI Director Comey decided to temporarily revive his zombie-like investigation of Hillary’s emails. That decision may well have had an important impact on the election, but it did nothing to resolve the allegations about Putin. Even now, after the CIA has disclosed an abstract of its own still-secret investigation, it is fair to say that we still lack the cyberspace equivalent of a smoking gun.
Fortunately, however, for those of us who are curious about Trump’s Russian connections, there is another readily accessible body of material that has so far received surprisingly little attention. This suggests that whatever the nature of President-elect Donald Trump’s relationship with President Putin, he has certainly managed to accumulate direct and indirect connections with a far-flung private Russian/FSU network of outright mobsters, oligarchs, fraudsters, and kleptocrats.
A significant fraction of global private financial wealth by our estimates, at least $21 to $32 trillion as of 2010 has been invested virtually tax free through the world's still expanding black hole of more than 80 'offshore' secrecy jurisdictions.
Since the late 1970s, investigative journalists, tax authorities, drug enforcement officials,terrorist trackers, and national security experts and few economists have gradually become aware that there is indeed a vast deal of money a large and growing chunk of the world's private wealth and income hidden out there, not so much in the land, but 'offshore', protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting, and investment industries, taking advantage of the increasingly borderless, frictionless global economy.
Grade school geography conditions us to think of 'offshore' as a physical location. Indeed, some residential havens like Singapore and Switzerland do specialize in providing secure low tax physical residences to the worlds wealthiest people, along with expensive private schools, hospitals, and resorts to enhance the family dynasties human capital; and highly secure storage facilities for private collections of art, gold,jewels, classic cars, yachts, planes, weapons and other trinkets.
However, private banking has long since become virtual. So the term 'offshore' refers not so much to the actual physical location of private assets or liabilities, but to nominal, hyper portable, multi jurisdictional often quite temporary locations of networks of legal and quasi legal entities and arrangements that manage and control private wealth.
JAMES S. HENRY: I come to this story with a strong interest in offshore banking and Cyprus has for over a decade been the principle conduit of what’s called “round-tripping.” It’s where Russian investors, to protect their assets, they take and book their investments into Russia by way of Cyprus companies or trusts. And they also use Cyprus banks because Cyprus is a member of the EU since 2004. It used the euro currency since 2008, and so there’s a lot of Russian money that’s been flowing through Cyprus banks. In 2013, this came to a head because the Cyprus banking system basically collapsed. There had been so much funny money coming out of Russia into Cyprus and they had invested this in Greek bonds and all kinds of dubious real estate projects that the banking system something like 12 times GDP in terms of total exposure/total debt and the banking system collapsed.
originally posted by: loveguy
a reply to: RussianTroll
Before brexit there was foundation x in 2010.
The whole concept is flawed having no eye to eye understanding with the indigenous peoples they murder.
Already familiar with the why, thanks for showing the how.
The Russians have a proverb: “Don’t wake up trouble while it’s quiet.”
You and your colleagues very mockingly encouraged me to publish this series of articles.
You. So now blame yourself.
A lot of countries under British rule realized there was nothing keeping them there after the Queen died.
originally posted by: twistedpuppy
a reply to: RussianTroll
Nice story but the British royal family can't even control what all tabloids write about them, let alone most of the world. Any evidence to support your fantastic claims or are you just being creative?