Also @MKSolicitors is not impressed with @fichtner_jan @javiergb_com 's 'Sinks and Conduits' paper http://www.fcpablog.com/blog/2017/9/19/martin-kenney-academics-skew-picture-of-bvi-and-other-offsho.html … (lesson: researchers should talk to practitioners more)
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He seems to equate 'layers' of holding companies, use of intermediaries etc.. with the money laundering concept of layering (converting dirty money into assets which look clean). (this is a bad idea to confuse/conflate)
Also its a bit breathless. Of course multinationals, PEPs, HNWIs use intermediaries to 'leverage their interests' - we all use intermediaries - banks, supermarkets, pension funds, utility companies, travel agents etc...the big question remains legal or illegal?pic.twitter.com/3Frbzd43PN
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The big question is NOT 'legal' or 'illegal' - a highly reductive misconception. Just as
@anticorruption acknowledges, our issue is with structures that are (today) legal. Legality is not the only predicator for wrongdoing or systematic obfuscation. -
The question of whether structures are connected to illegal behaviour seems fairly fundamental
End of conversation
New conversation -
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@arachnys - thoughts? -
Interesting discussion (probably best if I respond w/ my personal account).
@MForstater I enjoyed your article though I disagree with some of the conclusions you draw. We're each tackling the same limitations and misconceptions of the debate... - 2 more replies
New conversation -
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