Putin conceded defeat, a powerful international banker believes, when the president announced late last month that he accepts the establishment of Russian trusts to hold assets and income onshore and offshore without liability to pay domestic tax. According to Putin on March 25, “this is an innovation in our legislation, which before we didn’t have.”The West considers the influence of Russian oligarchs to be cronyism and corruption, while in the West similar influence is considered meritocratic. Go figure.
Dances with Bears
John Helmer
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