Strong Opinion from our Stable of Star Turns
If Oscar Pistorius Jumped Bail, What Would He Do Next?
Paralympian Oscar Pistorius was today granted bail until his trial for the murder of his girlfriend, Reeva Steenkamp, but some fear he's a flight risk.
If Pistorius decided to jump bail, what would he have to do next, Spear's wondered? The wealthy have a history of trying to flee justice, and so we sent Oliver Thring to investigate how to disappear.
Reading Thring's piece, it doesn't seem very likely Pistorius would succeed in going underground — he wouldn't be able to use any emails, or use a credit card, and he'd have to throw away all of his electronic devices, for a start.
And it would require forward planning: he might want to try and gain citizenship for a country that won't seek to extradite him. Unless he can make a suitcase full of dollars last a lifetime, there would be the problem of trying to set up a complex enough financial structure to hide his money away.
All of this, of course, would require expert legal advice — at a time when Pistorius might just struggle to find a lawyer.
Oscar Pistorius with Reeva Steenkamp, who he is accused of murdering
Even if he did manage to disappear, just as the world's media is focussed on him, the psychological trauma of a lifetime spent hiding might just be too much to bear, and the stress could exacerbate any borderline personality disorder, or underlying psychological problems, he might have.
As Oliver Thring learned, many have tried, but not many have succeeded in disappearing.
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In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?
In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism
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Long or Short Capital
The Wealth Report
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ITA Wealth Management
The Lesperance Letter