Quote of the day: William Browder, Russia and Ukraine

In an interview with The American Interest, looking at Ukraine and the looting of the former Soviet Union, the co-founder of Hermitage Capital speaks out – all guns blazing.

There are any number of Quotes of the Day we could highlight – but we thought we’d choose this one, prompted by the question of whether the West has any responsibility regarding the protection of looted wealth.

William Browder: Certain people in the West are completely enabling the kleptocracy in Ukraine and various other countries. And what makes it most shocking is that the people who have enriched themselves in the West from this kleptocracy then use their political influence to moderate any kind of reaction or condemnation of it. I’ve seen it here in the UK when we were fighting on the Magnitsky case: Some people here don’t want to rock the boat regarding Russian kleptocrats because it would cost money to the very close friends of people who are in political power.

AI: So what sort of need for reform do you see in that arena?

WB: I think that people’s political careers need to end. People need to be disgraced for their support of Ukrainian and Russian kleptocrats, in the United States and in the UK. So that the next guys who come around won’t want to be disgraced and have their careers ruined.

We couldn’t agree more. Now read on.

One for the Enablers and Intermediaries page.


Related Posts

New research on key role major economies play in global tax avoidance

offshore-network_colorcorrectedAn important new study on Offshore Financial Centres (OFCs) from the University of Amsterdam has made some fascinating discoveries, challenging, as the Financial Secrecy Index has, the popular misconception that tax havens are only palm fringed little islands and exposing that in fact major economies play a key role in global tax avoidance. Specifically they’ve […]


Launch of international research collaboration, #AltAusterity

alt austerityToday is the launch of #AltAusterity, a new, international research collaboration of which Tax Justice Network is a partner.  The project aims to stimulate public debate on the subject of austerity though high quality research. It is a response to the lack of evidence which has underpinned the current policy agenda on austerity. The project […]


RB tax avoidance – company calls for public country by country reporting after Oxfam report reveals profit shifting

pictureOxfam has today released a report on tax dodging by RB, the company formerly known as Reckitt Benckiser and the maker of thousands of well known household products. The report looks at the 2012 restructuring of the company which saw it set up ‘hubs’ in the Netherlands, Dubai and Singapore, all well known corporate tax […]


Half measures mean Mauritius will continue to be a tax haven for the developing world

MauritiusThere was news this week that Mauritius has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This is an initiative from the OECD to allow countries to take measures designed to stop tax avoidance by multinational companies and put them into their existing network of […]


G20: Pressure rising on tax haven USA

HamburgWhilst the eyes of the world focused on the isolation of the US from the ‘G19’ position on climate change, something remarkable played out elsewhere in the process. Following closely the common EU position that we highlighted a few days ago, the G20 communique devotes important space to tax justice. It’s so good we quote […]


About The Author

Nicholas Shaxson is a journalist and writer on the staff of Tax Justice Network. He is author of the book Poisoned Wells about the oil industry in Africa, published in 2007, and the more recent Treasure Islands: Tax havens and the Men who Stole the World, published by Random House in January 2011. He lives in Berlin
View all posts by

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top