By: DD

DD — Wed, 06 Mar 2013 14:43:27 +0000

Most western democracies lock into mental asylums people that suffer from the grandiose delusions Putin suffers from, because such people concurrently pose a threat to society. The Russian people would best be served by locking away from public view and scrutiny their mentally insane president before his narcissism harms anymore innocent people.

By: DD

DD — Wed, 06 Mar 2013 13:51:33 +0000

For a parent company to do business in any nation they are required to register a local business that is considered a subsidiary. Hermitage did just that. It operated a Russian investment fund. Once paying local taxes retained income at the end of each tax year either can be recycled into new investments, or some or all of it distributed to shareholders. This is decided by fund managers. UK taxes are higher than Russian taxes so any portion of the income to be distributed as dividends to shareholders of the UK parent company was reduced further paying UK income taxes, less the tax already paid to the Russian government. This is a fundamental principle under globalization–the policy to arise when the Soviet Union collapsed. Shooting itself in the foot is a great analogy in this article! Some of Hermitage’s fund investors likely have dual citizenship. Some likely are Russian ex-pats. Even they weren’t personally holding the shares, though shareholders are defined as owners. The fund was holding the shares (as I understood from previous articles on the subject matter it wasn’t actually shares but underwritten derivatives). Hence, in reality, “the fund”–singular is being defined by the Russian government as foreigners, plural. Browder is one of many shareholders. Why just charge one foreign shareholder and not the others? This gives the appearance of malicious prosecution, and also proves the prosecution of just Browder as a shareholder originates from a personal vendetta against him. My mom used to call this “divide & conquer.” I have a sister that used to do that when we were kids. She’d break a bond to conquer individuals in a dispute…so the Kremlin is engaging in childish conduct. Entrance into the WTO is conditional and it requires that the principles of globalization be observed by all its members. The newer charges being cooked up against Browder are a breach of WTO rules. WTO members can easily kick-out Russia from the WTO at the speed of a pin’s drop, and if Russia doesn’t alter course immediately I predict this to be its fate no later than next year.

Comments on: Russia plans new fraud charges against Hermitage’s Browder

By: DD

By: DD