Maya Forstater

@TimJohnsonltd @MForstater @BenCTA a lot of it, yes, but Barclays seem to be drumming up *new* business that would not otherwise be there

@martinhearson @TimJohnsonltd @MForstater And otherwise might not be in Africa at all?

@martinhearson @TimJohnsonltd @MForstater Not all of it, obviously. But some of it may not occur otherwise. How much?

@BenCTA @TimJohnsonltd @MForstater if we consider only tax benefits, not much. Investor surveys show tax much less important than,say, roads

@martinhearson @BenCTA @TimJohnsonltd Presumably structuring offshore increases RAROC in some way - tax adv. + legal? --> more investment

@MForstater @BenCTA @TimJohnsonltd yes, e.g. treaty increases certainty. But now we're in the realm of 'what price investment?' calc for DC.

@martinhearson @BenCTA @TimJohnsonltd - right question though ? Are there any good studies on dev impact of offshore structured investment?