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  Study: The Netherlands and Great Britain are the most important intermediate stations for offshore capital | Bit Updates
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Study: The Netherlands and Great Britain are the most important intermediate stations for offshore capital

Tuesday, August 22nd, 2017 | bitcoin updates

      
    
  Study: The Netherlands and Great Britain are the most important intermediate stations for offshore capital

      

    

    
    
      
          22.08.2017 10:00 UhrSascha Mattke
          
      
      
      
      
    

    
        
            
        
        
    
    
    Where mailbox companies live: Entrance of the "Companies Registry" in the British Virgin Islands.
                (Picture: Legis / Wikipedia / cc-by-sa-3.0)
            
              Dutch researchers have investigated the countries through which multinationals direct capital to offshore locations and which are the most important of these sites. The results are in part surprising.
            
            
            
                    
            Every year, many billions of tax revenues are lost to the industries, as companies are managing profits through complicated constructions in so-called offshore financial centers with low taxes and low transparency. Which countries are involved and what role they play depends on who you ask and the criteria you apply. Dutch researchers have now attempted to clarify data from over 200 million companies. According to Technology Review online, "About the Netherlands to Paradise" alone, 37 percent of the global offshore capital flows into the target countries via the Netherlands and the UK.
The study is a collaboration between social scientists and computer scientists in the Corpnet group of the University of Amsterdam. On the basis of the information from the company database Orbis, the researchers produced more than 11 million so-called "ownership chains", ie chains that show which company ultimately belongs to which. In their evaluation, they differentiated between countries that serve as sinks for offshore capital and those which, like the Netherlands and the UK, act as intermediate conduits.
Among the "sink" centers the usual suspects are also found in the new study – the Cayman Islands, for example, are also an important tax paradise, as is Curacao or the Bermuda Islands. However, the order is shifting in part. The British Virgin Islands, for example, are relatively far off the list of the Tax Justice Network, according to the Corpnet study, the third most important offshore financial center ever. Newly identified as a "hidden" offshore financial center, Taiwan is identified and the EU country of Luxembourg is to be the world's number one offshore destination.
Read more at Technology Review:
(SMA)

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