Pandora papers: biggest leak of offshore data exposes financial secrets of rich

Re:Pandora papers: biggest leak of offshore data exposes fin... by jazzyjackson on Sunday October 03, 2021 @08:59PM (#28741934)

What is the average person’s interest in creating laws aroubd i corporation? Doesn’t it stand to reason that it’s the people creating businesses that would be the ones suggesting the laws that protect themselves from liability?

The fact that corporate charters are never revoked points to the laws being in the corporations favor, not the citizens’

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Re:Pandora papers: biggest leak of offshore data exposes fin... by parineum on Monday October 04, 2021 @05:04AM (#28744621)

We allow those protections to allow people to take business risks without taking significant personal risk.

This encourages entrepreneurship. I don't think you'd see as many people trying to build widgets if they had to put their family's home on the line.

In exchange for those protections, we get widgets.

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Re:Pandora papers: biggest leak of offshore data exposes fin... by jazzyjackson on Monday October 04, 2021 @07:08PM (#28753512)

Sorry, I didn't mean to imply that LLC / incorporation has no benefit to society, it plainly does. I was responding to the conjecture that it's society at large that writes the rules. I figure the stakeholders writing the laws are the people who have the most to gain.

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Re:Pandora papers: biggest leak of offshore data exposes fin... by eropple on Sunday October 03, 2021 @09:53PM (#28742202)

You're right. They absolutely are. They don't have to be.

From where I stand, corporations should be afraid of the societies that grant them their charters.

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