(1/n) Let me respond. I find it surprising that he writes such an ideological piece to accuse us to be ideological, when we just took data and show some patterns. He only has three critiques. First is that BVI is not a secret jurisdiction. We do not say that in the paper.
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Replying to @javiergb_com @phdskat and
(2/3) Furthermore, as himself explains, information is only available at request, which can take several months. Using several layers in compliant OFCs, such as BVI, can delay investigations for years, as I am sure he's aware to. This is not a judgement, just a fact.
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Replying to @javiergb_com @phdskat and
(3/4) His main criticise is that we do not find Delaware. We explain in the paper that this is because we chose not to disaggregate the US. If you actually disaggregate them into States you find the following picture (this is newer data, and disaggregating has other problems)pic.twitter.com/1oEiZ545EJ
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Replying to @javiergb_com @phdskat and
(4/4) His last critique is that the results are not new. Firstly, experts are only aware of a few jurisdictions, we study the global pattern. Secondly, the media response proved that OFC need more research. Please do write more papers showing the weight of different jurisdictions
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Replying to @javiergb_com @phdskat and
I'm not a fan of all the name calling - 'anti-capitalists', 'evil tax dodgers' etc... and I do think there should be more research - but I wish there was more engagement between practitioners & researchers.
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Replying to @MForstater @javiergb_com and
I do think you do more than 'show some patterns'. The basic pattern is the lack of records from offshore jurisdictions in Orbis. From this u conclude 'Sink-OFCs attract and retain foreign capital' but that is a misinterpretation of the pattern of not-being-in-orbis.
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Replying to @MForstater @phdskat and
Yes, we talked about this before. We show the ownership chains "start" there, and thus BVI and other sink-OFCs are key players in the offshore world.
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Replying to @javiergb_com @phdskat and
I think thats what Martin is getting at. It is not news that BVI, Cayman, Bermuda are key players in the offshore world. They question is their impact good or bad? The framing & coverage of yr paper suggests 'bad' but thats not what you studied w the numbers
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Replying to @MForstater @phdskat and
But nobody had compared their importance before. And there wasn't much research on the concept of conduit. Everybody agrees that there are good things and bad things about OFCs, and that they facilitate that MNEs/individuals pay less taxes than their domestic counterparts.
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Replying to @javiergb_com @MForstater and
We need funding, data and science to show if their impact is good or bad, and not pure rhetoric like Martin's blog post.
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Need to talk & listen to practitioners too. Plenty rhetoric here: https://www.google.co.uk/amp/s/theconversation.com/amp/these-five-countries-are-conduits-for-the-worlds-biggest-tax-havens-79555 … “tax havens” “reduce tax bill” “Secret instrument”“loopholes”, the comparison with aid “worst tax havens”… none of this reflects findings of your research & numbers
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