> The next year, Edward II reaffirmed Hansa merchants’ freedom from taxes, travel, and arrest in exchange for £1,000 (which would have been three percent of the Crown’s total annual tax revenues). Remarkably, he even promised that neither he nor subsequent kings would place new restrictions on the Hansa without their consent. These privileges ensured that Hanseatic merchants paid even lower tax rates than their English counterparts.

Autocracy and the absence of accountability (either financial or criminal) for the very wealthy is an age old problem that we still deal with.