Putin Says Panama Papers Part of US Plot to Weaken Russia (go.com)

An anonymous reader writes: Russia President Vladimir Putin says he has no links to offshore accounts unveiled in the Panama Papers. Moreover, Putin believes that these leaks are part of Western efforts to weaken Russia. As ABC News reports, Putin criticised Western media for involving his name in offshore business even though his name didn't feature in any of the leaked documents. Speaking in St Petersburg, Putin added that it certainly seems like a US-led disinformation campaign waged against Russia. Putin also defended a cellist friend who was named as the alleged owner of an offshore company, noting that his friend is a philanthropist.People in Russia, sadly, don't seem to care much about Panama Papers. As Radio Free Europe/Radio Liberty reports, most Russians haven't heard of -- or don't care about -- the Panama Papers. The media house interviewed 30 people on the street, of which it found only 1 person thought it was wrong. (video).

Comments

Charitable foundation

[rfengr]

Hell, in the USA you just need to establish a charitable foundation like the Clintons.

Re:Charitable foundation

[mi]

Or Mark Zuckerberg or the Koch Brothers or anyone else who has millions/billions and don't want to pay taxes on the money.

In countries, that do not tax wealth, only your actual income matters to your tax-bill. What you already have is irrelevant.

After all, I'm sure there's not a single Republican lawmaker who's upset at Bill Clinton for having such great economic success [...]

Whether other politicians are squeaky clean or not, you've got to admit, the Clinton Foundation racket is something special — not just for the scale, but also for the brazenness of it...

Re:Polls

[BarbaraHudson]

Russians aren't stupid just because they're drunk. They know that talking to foreign reporters (or pretty much any reporter) can get very, very career-limiting.

Re: To be fair

[MightyMartian]

As Simon Jenkins at the Guardian notes, while tax avoidance may be legal, the use of them, particularly by lawmakers, is just plain wrong. David Cameron, in particular, has stood against closing loopholes, and now it turns out that, because of his old man's dealings, he has been a beneficiary.

And this is the crux of the problem that the Panama Papers reveal. Yes, there is certainly a criminal element to all of this, in that these havens are used by people out and out evading taxes, and some criminals are using these havens to launder or hide their money (much as they used to do with their private Swiss bank accounts). But the real scandal here is that it is the very people who make the laws that create tax havens who are either directly making the laws (like Cameron) or have an extraordinary amount of influence over the laws being passed. These aren't just Joe and Jane Average using a few tax deductions or trusts to reduce their tax bill, these are some of he wealthiest people in the world, the kind of people that can put all sorts of pressure on lawmakers to make sure that their "avoidance" schemes stay legal.

The Panama Papers are an example of a worse kind of crime that evasion and money laundering. They are an example of the fundamental corruption of many even "liberal" political systems. In a way, this makes someone like Cameron no better than Putin, except Putin actually looks to be a lot smarter than the Prime Ministers of Britain and Iceland.