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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Replying to @MForstater @MKSolicitors and
This is worth reading http://blog.arachnys.com/panamas-labyrinth?utm_content=63147624&utm_medium=social&utm_source=twitter …
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Replying to @FollowAlisonT @MKSolicitors and
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)
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Replying to @MForstater @FollowAlisonT and
I think you're misrepresenting my argument here, as well as misdefining 'layering'. Here, you've given the textbook definition of 'laundering'
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Replying to @mrpaulmay @FollowAlisonT and
"The practice of layering, in anti-money laundering parlance..." & your link suggests you are referring to the 2nd stage in money laundering as in "placement, layering and integration"
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Replying to @MForstater @mrpaulmay and
You go on to say - A cursory survey of the papers indicates that large MNCs, PEPs & HNWIs are leveraging intermediaries and offshore firms to mediate their interest and make investments which minimize their tax obligations....seems to suggest this = 'layering"? (but it doesn't)
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Replying to @MForstater @FollowAlisonT and
By 'you go on to say' you mean 'make a separate statement in an another paragraph about another issue'. Just because two sentences occur in the same article doesn't make them a discussion of the same concept. It's a misrepresentation of the argument.
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It comes straight after the section on layering -- you say 'no one is talking about (the money laundering process) of layering' .... So read the next paragraph as being examples of what you mean by layering, not about something else
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