Heterodox
WHO OWNS THE WEALTH IN TAX HAVENS?, an NBER working paper, points to following the money: I read the abstract and conclusion and perused the paper. It is relatively short and an easy read.The authors state that it is an introductory study in an area that has been shrouded in secrecy for reasons of "privacy." Heh heh.The initial results suggested pretty much what was suspected. Runaway offshore wealth at the top owned by the usual suspects and stashed in international "tax havens." No real...
Read More »Leonid Bershidsky — Piketty Zeroes In on Putin’s Pain Point
Russian ex-pat Leonid Bershidsky is blowing holes through Western narratives that are out of touch with Russian reality and heavily influenced by Western russophobia. This raises the question of whether the current Western sanctions against Russia strike at the heart of the Russian system or merely pretend to do so. Since the sanctions were introduced, no Western government has made a meaningful effort to investigate the provenance of hundreds of billions of dollars in Russian offshore...
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