i take it there's no extradition from Cyprus
Posted on 11/10/2020 7:55:44 PM PST by rintintin
The former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, Recode has learned, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs.
Schmidt, one of America’s wealthiest people, and his family have won approval to become citizens of the Mediterranean nation, according to a previously unreported notice in a Cypriot publication in October. While it is not clear why exactly Schmidt has pursued this foreign citizenship, the new passport gives him the ability to travel to the European Union, along with a potentially favorable personal tax regime.
(Excerpt) Read more at google.com ...
Avoid tax or arrest?
My very first thought was, is there an extradition treaty between the USA and Cyprus? And, in fact there is. So, it’s likely a Tax Shelter move.
For the last two decades, Russian Oligarchs have used the Cyprus banking establishment to launder their money.
I am not sure if the Greek and Turkish banks are unified or even cooperate.
Maybe there are two banking establishments on Cyprus, but just one of them is corrupt?
i take it there's no extradition from Cyprus
Enjoy it while you can, Schmidt. You have an appointment with the KIng.
....and by the way, don’t be evil.
Yes, the US and Cypress signed an extradition treaty in 1996. The treaty is still in place.
Cyprus froze bank accounts back in 2012-13 and took about half the depositors’s money.
Nantucket is so confining this time of year.
There’s a very big exception in Article 4(3).
What is it? (if it can be explained in a few words) ... I didn’t read it.
Bookmark
Singing “Here comes the taxman”, “Man on the Run”, “Take the Money and Run”, and I hate America so “So long, farewell, goodby”.
Fleeing?
How many trips did he make to the WH to discuss stuff during the Obammy years?
He’s probably guilty of something or wants to be.
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