Secrecy breeds corruption
February 7th, 2007
I’ve been putting up some links to offshore suppliers of corruption services of late. This one is sickening.
It’s not difficult to see why the Tax Justice Network wants to redefine corruption to include the supply of such services when this sort of thing is going on.
1. Enron maintained its nonsensical growth by offloading all losses onto SPV’s.
2.. Do you really believe they were alone?
3. In a zero sum game how can every private equity entity and every “hedge” fund entity win every time every year? See 1.