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"in a country as corrupt as ukraine "Don't forget the most...

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thirdgo

7,275 Posts.

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18/05/24

10:12

Post #: 73890865
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Originally posted by watso: ↑

hilarious..

anybody remember the bottom of the harbour schemes in australia .. where drunks (with no money) etc etc were made directors of companies ..

The operation at the heart of bottom of the harbour schemes involved a company that would be stripped of assets and accumulated profits before its tax fell due, leaving it then unable to pay.

Once assets were stripped, the company would be sent, metaphorically, to the "bottom of the harbour" by beingtransferred to someone of limited means and with little interest in its past activities. The company's records were often lost too. The ATO, being in the same position as other unsecured creditors in the case of an insolvent company, ended up with nothing.

https://en.wikipedia.org/wiki/Bottom_of_the_harbour_tax_avoidance

looks like the ukrainians had a similar system - where the people making the money are nowhere to be found .. and the names of the people who are on the company documents have no idea about anything ..

ukraine money is called GRIVNA .. the presenter was trying to read hryvnias...

but the ukraine letter h gives a g sound ...

ahh but ukrainians are fighting for democracy freedom blah blah blah ..

they are simply fighting to maintain a corrupt system..

in a country as corrupt as ukraine .. there simply is no democracy

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"in a country as corrupt as ukraine "

Don't forget the most corrupt country Russia. Ukraine is working to eradicate corruption, Russian system built on corruption plan to continue the same path.. just swapping positions.
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