From colonial loot to offshore loot: A legal parody?

A prominent Lisbon-based Goan, who retired recently as judge of the Supreme Court of Portugal, wrote in his personal blog [normetica.blogspot.com] that according to some published media, in February 2013 the public debt of Portugal had grown to about 203,000 millions at the end of 2012, equivalent to 122,5 % of the national GNP. In March of this year it was expected to reach 233,000 millions, largely as a result of the accumulated interest. During 2014-2014, nearly 10,200 millions were transferred to the off-shores, largely to Caiman islands so as to escape the State taxation, which was deemed excessive by the clients of off-shores. The actual president of the EU commission, while PM of Luxemburg is known to have opened the doors to offshore seekers in his country banks by paying lower rate of taxes, causing thereby damage to other EU partners. Ironically, he was even rewarded by being elected to the post he now holds. Asks the above mentioned judge with rightful indignation, why and how are such fortunes accumulated by those engaged in such transactions? If they need to be hidden from the State vigilance, would that not mean laundering of black money through off-shores and other ways? I have been reading and puzzled that such transactions do not imply legal violations, but permitting them would not mean a self protecting legal system manipulated by a confraternity of large-scale looters, which include business houses and some prominent individual citizens, many of them influential in shaping the politicial and fiscal policies of their respective governments? I have been denouncing repeatedly in these columns and elsewhere the games that bourgeoisie plays in a democratic political system, which suits well their capitalist interests, while feeding and keeping satisfied the small collaborators with liberal doles, and promising to the rabble of naive voters freedoms and human rights, all empty of any substance? The so-called Panama Papers may have helped to disclose some of these abusers and to identify the experts in hiding their rightful or misgotten fortunes, but it contributes to loss of moral authority of the responsible politicians and their claims of serving the public. The common citizens have the right to know why they can be looted from their modest earnings, while some citizens are privileged to bypass the laws imposed upon them. If such off-shorish behaviour is regarded as legitimate, no one should be surprised if public anger and outcry seeks to question the legitimacy of the so-called democratic regimes, and mob violence takes care of those hiding their fortunes and sends them too to take refuge in the Virgin islands or other such nests of hoarders. These issues have merited worldwide attention and are frowned upon ever since the middle classes of the western, including former colonialist powers, are becoming the victims of fiscal frauds. I doubt it would matter if only ordinary masses of former colonies and less developed countries continued to be the victims. Since 2008, following the colapse of the Lehman Brothers, with its domino effect upon leading banks of Europe, the dirty games of the financial