Such a sweet deal. Loan yourself $42 Billion from your business in  another country, and then write off the debt against your taxes because you have to pay yourself back. It makes some of those operations mentioned in the Panama Papers look pissy-arsed.

http://www.abc.net.au/news/2016-06-09/chevron's-$7b-loan-aims-to-shift-income-offshore,-critics-say/7498002

unbelievable.....if they dont throw the book at this group   then we have a sorry lot in govt thats all I can say...

Cods, unfortunately "the book" says its OK. You will have noticed that the Panama Papers story has gone cold. Why? Because too many people are making too much money. Panamanian authorities raided the named offices. That was simply to defend themselves from public criticism. They wrote their corporate laws, just as we wrote ours.

Politicians get pay-offs from their actions. Look at how much money former UK PM Tony Blair has made. Its falling out of his stuffed pockets.

Howard is the same.

Hilary Clinton didn't even wait to get out of politics before harvesting the largesse from her actions in government.

They all do it.