The IMF's research shows that corporate tax dodging is massive & getting worse.https://twitter.com/eh3138/status/1170952984181825536 …
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Spin by the IMF
. Repeated by the FThttps://www.imf.org/external/pubs/ft/fandd/2019/09/the-rise-of-phantom-FDI-in-tax-havens-damgaard.htm …
Their working paper concludes this https://www.imf.org/en/Publications/WP/Issues/2017/11/17/The-Global-FDI-Network-Searching-for-Ultimate-Investors-45414 … (i.e. intermediation by holding companies make bilateral FDI statistics unreliable, here is a clearer picture) but "phantom investment" etc... appears to be all spinpic.twitter.com/LUrYnKWIWY
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But the authors of the working paper are listed as the authors of the IMF News piece. Looks like they were the ones who went with the "phantom" description etc.pic.twitter.com/H4lBjoSKEI
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Yes it was the authors or the comms people at IMF that went with "phantoms" etc... I guess the incentive to get a front cover of F&D encourages overclaim. Ditto front of FT. And lo and behold a new 'fact' that fits the narrative is born !
End of conversation
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