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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Privacy is clearly the big driver. Can make a ‘sunlight disinfects’ or a ‘privacy is a human right’ argument either way - a degree of confidentiality is a social as well as private good - for investmenthttps://www.cgdev.org/blog/beneficial-openness-more-transparency-always-better …
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