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Ted's avatar

Oligarchy isn’t just an American problem. Trust in Laws play a part in any business. This intersection of oligarchy and corporate law presents challenges for western companies. Is Risking everything with Oligarchy, bribes, kickbacks, and breaking laws good for shareholders?

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Ted's avatar

Dimitri Firtash, Ukrainian stooge for Russia and basically Putin's personal international business secretary of commerce, busted for bribes in India where Boeing buys titanium. Was under house arrest in Austria, but never extradited to US during DT presidency. Just sayin, Global Oligarchy is a problem and much worse than you may know.

https://www.justice.gov/opa/pr/six-defendants-indicted-alleged-conspiracy-bribe-government-officials-india-mine-titanium

https://www.nytimes.com/2018/12/30/world/mckinsey-bribes-boeing-firtash-extradition.html

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Reid (Seattle)'s avatar

Hmm... This doesn't seem to have much to do with what we were talking about. One need not break any laws to establish a low corporate tax rate.

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Ted's avatar

Internationally, Oligarchs have more in common with each other, across boundaries than with regular people in their home countries. This presents several challenges to policy makers in Governments as influence & favors can be purchased, for example, corporate tax laws, blind (dark money) shell corporation investments to buy real estate.

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Lanita Grice (WA, the state)'s avatar

If shareholders over stakeholders guides a corporation, then the risk may very well be worth it.

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