The IMF's research shows that corporate tax dodging is massive & getting worse.https://twitter.com/eh3138/status/1170952984181825536 …
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Replying to @AlexJacobs16
No really it doesn't. The IMF research doesn't measure corporate tax dodging. It measures the scale of investment via holding companies. 'phantom', 'empty shell companies', 'tax dodging' is all decoration.
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Replying to @MForstater @AlexJacobs16
is the "tax dodging" description from the IMF report, or is that spin by commentators?
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Replying to @owenbarder @AlexJacobs16
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 …1 reply 0 retweets 0 likes -
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 !
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