So if you have hid your head under a rock for the past few days you may have missed the news about the Paradise Papers. This is another large group of financial documents, similar to last year’s Panama Papers, that detail the wonderfully creative avoidance of tax by the mostly super rich.
To many of us this just seemed like an expected news round, like the revelations that say governments spy on us as much as each other, or that elections and media agencies are targeted by foreign powers with agendas. It isn’t news if we expect the world to happen that way and we just dolefully accept it as such.
Personally I think we should drop some of our weary cynicism and try to engage with the news here. We have seen that the online world now has a strong voice, it is often visceral but the effects are physical. maybe it is time for us to voice our general displeasure.
The problem is that we have become so indoctrinated to the ideas that this is what happens that we are insulated to the cost. This is a bankruptcy at the heart of our systems of finance and distribution. It will eventually affects us all and when crashes happen, as they will, they are devastating.
Already the news cycles seem to be waning. Partly this is because like some apocalyptic Chinese curse we are currently stuck in an Interesting Times of news cycles. Where the cycle is a monocycle with a missing wheel, a jet engine and a coked up, blind and epileptic rhinoceros as the rider.
If I were to be suspicious I would hazard that there is a collective push back by a cadre of hidden oligarchs to quell this particular piece, and the Panama papers round and lifespan might support that. but I also have to balance it with dodging the Rhinoceros.
One of the most prominent elements of the news coverage has been the element of legality. Like when Tim Cook of Apple in the past declared they paid every dollar they were due to. We are told that those in the spotlight have done nothing illegal.
I hadn’t presumed they had, that’s silly to think so. This is why they have clever lawyers. This is why they have teams of accountants. This is why they have political influence that creates vague definitions and applications of law.
This is tax avoidance not evasion.
They haven’t committed a crime, per se. But what does that mean? In the UK it is pretty much illegal for me to beat my children with a stick. But that is not a universal law. So if I holiday in a country where they allow beating with a stick it is all okay as long as Ii obeyed the non-beating in my domestic homeland. Like Apple I am now taking the stick to children in the right territories.
It isn’t illegal, but it might be immoral.
If you want to stay abreast of the stories you can follow the page linked below. it is a good starting point to know who and whom so that you can conduct searches elsewhere.
It may be time we kept up the conversation on this.