The game gets rigged everywhere power and money are involved. A case in point, Bloomberg ran a recent article highlighting a $5 billion no tax dividend paid to the brothers who own Chanel. It turns out payments from UK firms to other out of country firms, including "family offices", are not taxed and Cayman Islands have …
The game gets rigged everywhere power and money are involved. A case in point, Bloomberg ran a recent article highlighting a $5 billion no tax dividend paid to the brothers who own Chanel. It turns out payments from UK firms to other out of country firms, including "family offices", are not taxed and Cayman Islands have no tax on dividends. At the same time Britons are being asked to tighten their belts and forgo salary increases to help their economy.
It is great to see corrupt oligarchs getting their comeuppance, but I suspect greater inequity exists under the "legal" auspices of government policy bent to the will of the powerful and wealthy.
Well said Travis!
The game gets rigged everywhere power and money are involved. A case in point, Bloomberg ran a recent article highlighting a $5 billion no tax dividend paid to the brothers who own Chanel. It turns out payments from UK firms to other out of country firms, including "family offices", are not taxed and Cayman Islands have no tax on dividends. At the same time Britons are being asked to tighten their belts and forgo salary increases to help their economy.
It is great to see corrupt oligarchs getting their comeuppance, but I suspect greater inequity exists under the "legal" auspices of government policy bent to the will of the powerful and wealthy.
https://www.bloomberg.com/news/articles/2022-06-10/chanel-owners-get-5-billion-in-dividends-as-sales-of-luxury-goods-boom
Brothers Behind Chanel Worth $90 Billion After Massive Windfall