But couldn't you argue against the authoritarian defense argument, that authoritarian leaders use the exact same offshore facilities and that it fortifies position? Author mentions China, but @ICIJorg leaks showed lot's of Chinese offshore related to Gov't https://www.icij.org/investigations/offshore/leaked-records-reveal-offshore-holdings-of-chinas-elite/ …
. @tylercowen looks at why citizens in United Arab Emirates, Venezuela, Saudi Arabia, Russia and Argentina top the charts of offshore finance users. https://www.bloomberg.com/view/articles/2017-11-30/offshore-banking-guards-against-tyranny …https://twitter.com/tylercowen/status/936225841675165697 …
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True. I’ve also heard argument (from anti corruption folk) that in anocracies & ‘our turn to eat’ democracies anti corruption measures & asset recovery tend to be used by gov against opposition - seizing their political war-chest to weaken challenge - Its complicated!!
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A new take. But I doubt the Saudi govt would be limited by the wealth apparently shown on domestic accounts and ignore offshore.
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@tylercowen's argument is quite nuanced here. Avoiding torture from corrupt agencies legitimizes the use of offshores, but it is demonstrably less defensible in more democratic regimes.pic.twitter.com/XEntisASPt
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