There is a correlation between ownership and capital flow. We don't know what happens after BM or VG, the capital is definitely not there.
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Replying to @javiergb_com @MForstater and
You mean is not _beneficially owned_ there?
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Replying to @1867ben @MForstater and
It may, but the capital is not there. The company is incorporated in VG, the money is reinvested somewhere else.
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Replying to @javiergb_com @MForstater and
So your comment about being 'reinvested' makes no sense if what you are missing is info on the credit side from the sinks.
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Replying to @1867ben @MForstater and
If the ownership chain ends in VG and we're not missing info, then it is likely that capital flows there and gets reinvested.
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Replying to @javiergb_com @1867ben and
Do you mean capital or returns? Returns flow up the chain to owners. Can be reinvested or paid out. Capital (apart from patents) not in OFCs
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Replying to @javiergb_com @1867ben and
I think you mean 'returns' whenever you say 'capital' in the paper - it completely changes the meaning. It is back-to-front
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Replying to @MForstater @javiergb_com and
e.g. G article opposite to your data 'Netherlands was conduit for 23% of corp investments that ended in a tax haven' https://www.theguardian.com/world/2017/jul/25/netherlands-and-uk-are-biggest-channels-for-corporate-tax-avoidance …
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Replying to @MForstater @javiergb_com and
Started in a tax haven is more like.
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