Corruption from systemic to endemic to potential political

Corruption from systemic to endemic to potential political

I am not qualified to expand on this by default but I can formulate a thesis for the young in financial fields to be successful by forging ahead with these strategies.

The least qualification is the degree and it has no value at all only theoretical but no practical know how.

Our mothers an fathers have perfected this at year five entry into National Schools and our schools are the seat of or the institute to learn corruption in style from younger age as young as five years.

I have excluded forces including the Police that only investigate potential rackets but not the established rackets.

I have excluded the Cricket Board and Cricketers since they are the Elite of This country.

But a few words about a guy said to be from UK (putative estimate) and claimed to be a lawyer but no legal experience in winning a single case in UK or Ceylon.

He fills the GAP between the student lawyer and a practicing lawyer.

He was operative from 2017 on YouTube.

His strategy was to collect 20 million from unsuspecting Sri-Lankan expatriates for his SCUM BUG SCHEME (SBS for short similar to S.O.B son of B????) and succeeded claiming half of that.

I can remember only one guy in UK, a guy similar to him apart from our own Sounderanayagam (a minion in this field).

The leader of the Labour Union during Mrs.Thatcher.

He hoodwinked everybody and disappeared to South America (probably) with millions of Labour Union money and Panama was a late offshoot.

That was the end of my sympathy for British Labour Party still limbering under Gerome Corbin.

Corruption in Ceylon

• Bribery
• Cronyism
• Kleptocracy
• Economics of corruption.
• Electoral fraud.
• Nepotism.
• Slush fund.
  
  
  Political scandal
  To this I should add the dummy candidate originating from the field of Rugger.
   
• Dummy candidates
• This is the latest vogue Ceylonese can be proud in political history of the world where the ballot paper is printed on scented toilet paper of edible variety.
• It is so long while waiting for casting the vote one can consume 34 of the 35 candidates and leave only one candidate as the democratically desirable choice of one’s own.
   
   
  Let me finish with my experience in thew last 24 hours in Ceylon in Kandy, the venerated Buddhist City.
  A guy tried to cheat me (I dressed myself like a Foreign Visitor and my disguise worked) Rs.2000 in cash in a HiFi place.
  A guy cheated me of Rs. 3000/= on a cheap cellphone (which I am going to return).
  A guy cheated me of a Appa (an Egg Hopper) in spite of asking for a receipt.
  A stale coffee (probably the coffee strainer was not cleaned properly) in a mug old as me.
  A banana with cadmium poison.
  A banana cake without banana.
  A cheese sandwich almost without cheese and the bread was as thin as a toilet paper.
  A toilet paper non absorbent.
  A glass of Red Wine without spirits in it but 15% VAT and 2% N.B.T.
  
  The war was finished 10 years ago and we are still paying a TAX named after the WAR of attrition.
  
  
  
  Reproduction
   
• Sri Lanka’s banking and finance sector has been treated unfairly by the government when charging taxes from the entities in this sector, experts say.

 This Piece is OLD!

 
Unlike other companies, barring tobacco and liquor firms, the banks and finance companies pay nearly 60 per cent in taxes to the government. “We pay collectively 60 per cent from our profit before taxes,” a CEO of a finance company told the Business Times.
It turns out that the banking and finance sector pays over US$1billion which translates to around Rs. 160 billion in taxes to the government annually under the present taxation system.
These taxes include 28 per cent in income tax, 15 per cent VAT, 7 per cent debt repayment levy and 2 per cent Nation Building Tax. So it’s 52 per cent in taxes. Bankers say that when computing taxes on a profit before tax base after adding employee salaries etc, it comes to some 57 per cent in taxes.
The reason to tax this sector seems almost sinister. As one CEO put it, it’s almost as if these entities are penalized for doing well.
So how are the banks and finance companies reporting such stellar profits? All major banks and sound finance companies don’t seem to be affected by these taxes. This is so because they invariably pass these taxes on to the customer. As one CEO put it, “ultimately it is the public that suffer with these taxes.”
Another sector expert said that the government treats the banking and finance sector companies like they do with the liquor companies when slapping taxes. This (liquor) sector pays almost 92 per cent in taxes. The expert also added that the government is the major beneficiary of these taxes earning nearly 60 per cent whereas the shareholders get 40 per cent of the profits. “This is not fair. They are taxing the golden goose.”
They urged that the government must not discriminate the sector when taxing. Analysts say that as operating conditions continue to be difficult against a challenging macroeconomic backdrop this regressive taxation is expected to continue to pressure bank performance in the short to medium term.
A CEO of a major bank noted that the government should not target individual sectors or industries just because they are ‘ easy ‘. “The banking and finance sector is easy to target. Successive governments have done so in the past,” he said.
A finance company CEO told the Business Times that each owner of a leased three wheeler costing Rs.400,000 has to pay Rs. 1,500 each month to the finance company.
This means that the finance company has also passed their tax invariably on to the three wheeler owners. Rightly or wrongly this has been done by the companies and the banks. “So the Government’s objective in taxing the banking and finance sector has fallen flat,” he said. 

My death wish is not be born again here.

Forms of corruption vary, but include bribery, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise such as drug trafficking, money laundering, and human trafficking, though it is not restricted to these activities.

Political corruption (from Wikipedia)

Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain.

Forms of corruption vary, but include bribery, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise such as drug trafficking, money laundering, and human trafficking, though it is not restricted to these activities. Misuse of government power for other purposes, such as repression of political opponents and general police brutality, is also considered political corruption.

Over time, corruption has been defined differently. For example, in a simple context, while performing work for a government or as a representative, it is unethical to accept a gift. Any free gift could be construed as a scheme to lure the recipient towards some biases. In most cases, the gift is seen as an intention to seek certain favors such as work promotion, tipping in order to win a contract, job or exemption from certain tasks in the case of junior employee giving the gift to a senior employee who can be key in winning the favor.
Some forms of corruption – now called "institutional corruption" – are distinguished from bribery and other kinds of obvious personal gain. A similar problem of corruption arises in any institution that depends on financial support from people who have interests that may conflict with the primary purpose of the institution.
An illegal act by an officeholder constitutes political corruption only if the act is directly related to their official duties, is done under color of law or involves trading in influence. The activities that constitute illegal corruption differ depending on the country or jurisdiction. For instance, some political funding practices that are legal in one place may be illegal in another. In some cases, government officials have broad or ill-defined powers, which make it difficult to distinguish between legal and illegal actions. Worldwide, bribery alone is estimated to involve over 1 trillion US dollars annually. 
A state of unrestrained political corruption is known as a kleptocracy, literally meaning "rule by thieves".