When is FDI not FDI? When it is tax evasion. This is what the IMF has uncovered:https://www.imf.org/external/pubs/ft/fandd/2019/09/the-rise-of-phantom-FDI-in-tax-havens-damgaard.htm …
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Fake FDI grows faster than real FDI. Luxembourg & the Netherlands host nearly half. "When you add Hong Kong SAR, the British Virgin Islands, Bermuda, Singapore, the Cayman Islands, Switzerland, Ireland, and Mauritius to the list, these 10 economies host more than 85 percent..."
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Replying to @AlanHirsch2
Glen Robbins Retweeted Maya Forstater
Well worth reading
@MForstater’s thread on thishttps://twitter.com/mforstater/status/1171450758694260736?s=21 …Glen Robbins added,
Maya Forstater @MForstater[Tax] Wow. The IMF is really going big on making theses big sweeping statements in their mag https://www.imf.org/external/pubs/ft/fandd/2019/09/illicit-financial-flows-and-privacy-vs-transparency-purcell.htm … Here they are quoting Richard Murphy's $3 trillion estimate which is based on estimates of the size of the underground economy as a % of GDP
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Replying to @Citywatcha @AlanHirsch2
Maya Forstater Retweeted Maya Forstater
I think its this thread you want
https://twitter.com/MForstater/status/1171373937839808512 …Maya Forstater added,
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Its not really 'fake FDI' : seems like its FDI that gets double counted because thats the way the statistics work.
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