I thought so too, it's silly to pretend this is all about putin putin putin and his cellists. Besides i would expect the russians to have moved their money in some offshore corner in middle east rather than panama. The Bloomberg website does not even report it in its frontpage right now (eventhough possibly many of their customers are in the list). However i trust that they are keeping the best bits for the starting week.
This seems very interesting btw. We should just face the fact that offshore banking exists and is neither good or evil, its a product of globalization and the emerging stateless jet set. If anything , maybe more and more people should take advantage of it.
Tax shelters and hiding money is difficult to explain to the average man on the street, so they're focusing on explaining the very real impact of this sort of corruption, talking about pension funds being drained, people not getting disability checks, and so on.
Corruption has a huge impact. The Putin fortune they talk about is blood money. It came from raping an entire country.
This seems very interesting btw. We should just face the fact that offshore banking exists and is neither good or evil, its a product of globalization and the emerging stateless jet set. If anything , maybe more and more people should take advantage of it.