And a better metric is the size of the market 4/x
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Replying to @DanNeidle
Can't check that myself because underlying data (number of offices) isn't published with report. But there is a bigger problem 5/x
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Replying to @DanNeidle
Definition of "secrecy jurisdiction" has been cherry-picked, skipping over a couple dozen countries so they can include Ireland. 6/xpic.twitter.com/8J3hC74DhV
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Replying to @DanNeidle
So the central claim of the paper is based on cherry-picked data and obviously wrong points of comparison. 7/x
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Replying to @DanNeidle
Full disclosure: the Big Four are my competitors. The recommendations of this report would be great for my business. But it's still junk 8/8
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Replying to @DanNeidle
Hey Dan! We were worried indeed that it was just small countries leading to our findings, biasing it toward tax havens. So we tested it!
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Replying to @thesailaway_CPH @DanNeidle
This is from table 13 - smaller countries that are not secrecy jurisdictions have less than half the staff per office of sj officespic.twitter.com/KDamPySIZa
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Replying to @thesailaway_CPH @DanNeidle
You are right the list of secr jur might seem arbitrary. I think it reflects reality, but happy to redo analysis with different definition
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Replying to @thesailaway_CPH @DanNeidle
Btw just a note - secr jur list is just TJN secrecy score over 65 plus these - which certainly qualify I thinkpic.twitter.com/5W0HUMM7zh
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Replying to @thesailaway_CPH @DanNeidle
If the criteria for secrecy jurisdiction is FSI>65 then no they don’t qualify.
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Could call them something else eg intl business centres. Maybe big4 there because demand, rather than because secrecy?
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Replying to @MForstater @thesailaway_CPH
Well obviously that's the right answer, isn't it? If we plot Big Four employees vs say financial sector GDP then I expect it would correlate
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also, the staff in financial centres are mainly accountants not tax planners
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