Panama

What chance that Malcolm the Second eventually gets mixed up with the Panama leaks?

It’s got to be better than 50:50. I hope it happens; I love a live circus act.

And we could get Tony back simply because he’s not smart enough to earn sufficient money to think about avoiding tax

Honestly though, having met many very wealthy people, you have wonder at the psychology of the breed.

Many of them worry about every cent, to the exclusion of all else. Which is why they try to duck tax.

Most of their personal relationships are defined by their wealth, which is to say the relationships aren’t very real

This then creates a feedback loop where their money becomes even more important than all else because it’s all they’ve got that appears real.

They could of course keep it in operating companies that continue to invest in growth, and thereby avoid tax the honourable way.

But somewhere in their psychology they know they aren’t really that smart and then they turn to hoarding wealth, free of tax obligations.

As it turns out, they aren’t smart enough to go and live in the tax havens permanently.

Nostalgia gets them in the end, if the hollow existence doesn’t.