Sensible stuff on so-called ‘Paradise papers’ - sad that media prefer nonsense- it is more exciting. But if we really want to tackle problems we need to identify them correctly first.https://twitter.com/mforstater/status/930841054533881858 …
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Replying to @JudithFreedman
Genuine ques: why do you need offshore jurisdiction for any of the items in the 'useful' category?
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Replying to @JudithFreedman
'Tax-neutral' not explained in the article hence my genuine ques.
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Replying to @Summers_AD @JudithFreedman
Thanks for Q. I probably could have spelled that out better. 'Tax neutral' as in not adding another layer of tax between the source, and the residence of investors from different jurisdictions
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My understanding; you can achieve this in non-offshore places (like London) which don't have 0 CIT, but it is more tricky and means paying fancy lawyers more to achieve the same tax result.
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Replying to @MForstater @JudithFreedman
Thanks Maya this is v helpful. Really just trying to isolate offshore benefits that are (a) socially/economically useful & (b) not also available in eg London. Looks like this would be one.
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You are welcome - also have a look at @paddycarter 'shttps://www.odi.org/publications/10967-why-do-development-finance-institutions-use-offshore-financial-centres …
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Replying to @MForstater @Summers_AD and
Also old Q about freedom of movement of capital. Discussion on PP seem premised on allow, unless 'harmful', or disallow, unless 'positive'.
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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