@springrain » Not to mention the Bank of England's complicity!
Yeah, ask Venezuela about it. The Bank of England refuses to return the Gold stored for Venezuela in it's Vaults when the current "elected" Government requested it.
https://apnews.com/article/europe-busin ... db9da33f67
This is really nothing new. Wealthy and even the less wealthy always had ways to get their monies to a "safe haven" where they did not have to pay tax. You look at the superrich like Bezos @ Co. no tax paid at all. Trump made me laugh when he finally had to report several hundered dollars he had to pay in tax.
The British Virgin Islands, among many other places around the world used this as a way to get rich. My thought is that British PM Boris Johnson and the Brexiteers had this kind of Business Model in their mind when they pushed Brexit through, no matter what. (The Irish seemed to have been shoved over the cliff). Having London as the defacto Financial Center (next to Wall Street) would lure all the black money there without a doubt, once they got the mess in place. Why bothering a banana republic to take care of your wealth when you can have Britain guarantee it ?
Switzerland is a laughing stock for all mentioned in the Pandora Papers. They lost their lure after the US grabbed Switzerland and it's guaranteed Bank Secrecy by the Balls. They're fucked, so is Luxemburg and perhaps even Singapore.
Pandora Papers: Looted Khmer Treasures
- ផោមក្លិនស្អុយ
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It seems that the big guy agrees with me. This has just been announced.ផោមក្លិនស្អុយ wrote: ↑Tue Oct 05, 2021 5:59 pmI'd have thought it wouldn't be well received in many countries if the de facto ruler of the country felt the need to seek citizenship from another country.
I'm sure there are other examples, but I can't think of them...but IMO dual citizenship due to residency/parents isn't quite the same as an adult seeking citizenship due to investments.
I think Sam Raingsy used to get criticized by the CPP big boys for having French/Khmer dual citizenship whilst secretly some of them held Cypriot passports.
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