An open secret about where oligarchs hide money
The world has been reeling the waves of economic crises. It seems that all of humanity has to live on rather small islands in the middle of a huge crisis ocean, where storms and storms rage with enviable constancy, generating financial and economic tsunamis, capable of washing off not only people, but even the land on which these people (we with you) dwell.
At the same time, financial analysts regularly try to find an answer to the question of what actually creates all these crisis shafts. After all, it seems that a person did not work worse, the production sector is developing quite actively in many countries, every year certain raw materials companies report an increase in the percentage of oil, gas, metals and other minerals. But if so, then the eternal question arises: where does all this money go, if the debts of even such industrial and trade giants as the USA, Germany or Japan grow as if on leaps and bounds? To see this debt funnel, just stand a few minutes in front of the monitor, which shows the total aggregate debt of the United States in real time: in just a few seconds, this figure changes to a million dollars. It is terrible to imagine: a few seconds - and the debt has grown by such a significant value! Today, the weighted average US national debt is over 15,8 trillions of dollars! As they say in one famous advertisement: this is fantastic!
If, however, we deploy a common map of world debts, then fantasy turns into some obscure phantasmagoria, when all countries end up owing to someone. Somewhere they owe each other, somewhere they owe to some banks, somewhere the banks themselves owe to other banks. As a result, the impression is created that this global financial confusion reflects not so much the real state of affairs in the world economy as its primary goal is to cover a global black hole. This funnel literally sucks in money from the budgets of states, on the basis of which it increases in size, and then it requires to maintain its new forms of new and new financial injections.
And, apparently, some progress towards the solution of this large and carefully hidden secret was made literally the other day.
The investigation was carried out by the experts of the independent (well, or, at least, consider themselves independent) firm Tax Justice Network. This company acts as a third-party global tax inspector, trying to identify the direction of both incoming taxes and those funds that should have been taxes, but instead turned out to be not at all in the state treasury. So, TJN experts have established that today a huge share of funds that bypass all tax institutions and are not being declared anywhere else are deposited in offshore. These are special financial centers that attract capital from around the world through certain tax or other preferences for the owners of these capitals. To make it easier to understand the essence of offshore companies, you can give the following example: within a month you earned a certain amount of money, the tax for this amount is fixed at 13%. At the same time, there is a certain neighbor who invites you to register your business on its territory, and for this he will take from you not 13%, but, for example, 3%. If we are talking about an average citizen who has 10-15 thousand rubles as a monthly income, then such an offer will not bring him any special profits. But when the income of a person is calculated in numbers with six or seven zeros, the offer from the “neighbor” looks very tempting.
After the calculations of the staff of the Tax Justice Network company, it turned out that in those very offshore planets of the Earth today there can be a concentrated fantastic figure that can exceed 30 trillions of dollars!
For conducting settlement operations, TJN specialists used a fairly simple method: they analyzed reporting documentation on the arrival of investment funds from the largest offshore companies in the world, and the data obtained were extrapolated to the entire global financial system. At the same time among the largest offshore companies in the world at this moment are such states and territorial entities as Luxembourg, Switzerland, Hong Kong, the Cayman Islands, Trinidad and Tobago.
For clarity, you can imagine what role foreign capital plays in the life of these territorial objects. For example, in a country like Trinidad and Tobago, where although the oil and gas industry is developed, but not nearly as intensively as in Russia, GDP per capita is almost 38% higher than the analogous figure for GDP in our country. But in terms of island Trinidad and Tobago, it’s not only surprising.
The fact is that after an active start of its offshore activities, the mentioned state unexpectedly passed into the category of completely free states from the international point of view. The “complete freedom” index was assigned to Trinidad by the Americans, despite the fact that there has been a high level of corruption in the judicial system for many years, there is a ban on homosexual relations so sweet to some Washington patrons, there is a problem of civic activity of the female population, the death penalty is used and even corporal punishment. However, it turns out that this does not affect the “freedom” of the country. The main achievement of the government of Trinidad and Tobago is that it allowed the work, let's say, of a substantially optimized tax code to foreign companies, most of which are companies from the United States. So, it turns out where the dog of freedom is buried in an American way. Leave us land and money storage cells from which you can take just a little, and we will declare your country free ...
In general, Trinidad has found its place in this world, and hardly anyone has the courage to blame him for this ...
In a similar situation and the Cayman Islands, which are the overseas possession of Britain. The level of GDP per capita here is almost 20% higher than in the metropolis itself - an amazing indicator for the colony, isn’t it? And the thing is that it was the Cayman Islands, located in the Caribbean, that businessmen from the United States and the United Kingdom chose long ago, leaving hundreds of billions of dollars overworked by overwork. According to the Tax Justice Network, there is a certain financial center on these islands, within the walls of which, as many as 12000 corporations from the USA are registered. If we take into account that the office of each corporation occupies an area of even the largest “odnushki”, then the total area of this financial center should be about half a million square meters. For comparison, the total area of the interior of the US Empire State Building is just over 250 thousand square meters. In other words, on the Cayman Islands should be located some grand structure of such dimensions as the two New York skyscrapers combined. Only here, for all we wish, we will not find anything like this here. Yes, if such a building appeared here, then the Cayman Islands under its weight would definitely have gone under the water of the Caribbean. But then what is this strange financial center? Yes, it's just those very “Horns and hoofs” on a planetary scale, where not even millions, but hundreds of billions of dollars annually scroll. Fortunately, the locals have their own “labor penny” from this scrolling ...
If offshore life is in full swing in the Caymans and in Trinidad, then what about states like Luxembourg and Switzerland. But these are the favorite places for the “work” of the means of Russian businessmen and officials of various levels.
According to analysts from TJN, Russia today ranks second in terms of funds withdrawn from the country through offshore companies. Over the past 20 years, the Russian Federation has withdrawn billions of dollars in foreign offshore 800! This is simply a fantastic figure that could (if it were, of course, stayed inside Russia) turn our country into a paradise if not, then life of ordinary Russians would be much better. But these are all dreams, dreams ... Who will give us these 800 billions? ..
By the way, China leads in terms of withdrawing funds to foreign offshore companies. Its level is 50% higher than the Russian one, but this level is calculated not for 20, but for 30 years. It turns out that, when translated into absolute figures, our oligarchs go nostrils with the Chinese oligarchs.
If we talk about the total amount of funds exported bypassing the state tax authorities to foreign offshore companies (and this, you need to recall the number, which can be more than 30 trillions of dollars), then such volumes could solve all the existing global financial problems combined. Here and the United States would pay off their debt and start living production, not just a printing press, here and old Europe would breathe freely, less cursing the notorious Greeks for their rampant spending, and in Russia they would not think where to send the remnants of the table financial sharks - for defense or education ...
It turns out that the global financial crisis, when everyone owes something to someone, is a natural outcome of the endless accumulations of a fairly limited handful of people. Only now, if they were guessing about it, they were silent: it was much more profitable to blame everything on the average Greek or Italian, who allegedly didn’t want to work at all ... Now, thanks to TJN's revelations, the secret became obvious.
After the announced information, Barack Obama immediately promised to “find” that very “Caiman financial pyramid”, the British authorities promised to conduct a total audit of their businesses in offshore zones, Germany expressed concern with the figures indicated in the TJN reports. Russia is not yet giving its official comments ...
And the ostentatious concerns of Western leaders are in fact nothing more than a shaking of the air. Well, does the president of the same United States today possess such tools to prevent large companies from withdrawing their funds to offshore companies? Sorry, but the intestine is thin. Yes, and it often happens that the funds from those offshore companies themselves give politicians a place to turn even 180 degrees. And if so, then the revelations of the Tax Justice Network are no more than a tale about what everyone already guessed. Moreover, it would be very optimistic to think that now world leaders will take, and they will order to withdraw their money from offshore companies to financial tycoons and return them to their homeland. Well, yes, yes, yes, the magnates will answer and continue to do their work ...
At the same time, financial analysts regularly try to find an answer to the question of what actually creates all these crisis shafts. After all, it seems that a person did not work worse, the production sector is developing quite actively in many countries, every year certain raw materials companies report an increase in the percentage of oil, gas, metals and other minerals. But if so, then the eternal question arises: where does all this money go, if the debts of even such industrial and trade giants as the USA, Germany or Japan grow as if on leaps and bounds? To see this debt funnel, just stand a few minutes in front of the monitor, which shows the total aggregate debt of the United States in real time: in just a few seconds, this figure changes to a million dollars. It is terrible to imagine: a few seconds - and the debt has grown by such a significant value! Today, the weighted average US national debt is over 15,8 trillions of dollars! As they say in one famous advertisement: this is fantastic!
If, however, we deploy a common map of world debts, then fantasy turns into some obscure phantasmagoria, when all countries end up owing to someone. Somewhere they owe each other, somewhere they owe to some banks, somewhere the banks themselves owe to other banks. As a result, the impression is created that this global financial confusion reflects not so much the real state of affairs in the world economy as its primary goal is to cover a global black hole. This funnel literally sucks in money from the budgets of states, on the basis of which it increases in size, and then it requires to maintain its new forms of new and new financial injections.
And, apparently, some progress towards the solution of this large and carefully hidden secret was made literally the other day.
The investigation was carried out by the experts of the independent (well, or, at least, consider themselves independent) firm Tax Justice Network. This company acts as a third-party global tax inspector, trying to identify the direction of both incoming taxes and those funds that should have been taxes, but instead turned out to be not at all in the state treasury. So, TJN experts have established that today a huge share of funds that bypass all tax institutions and are not being declared anywhere else are deposited in offshore. These are special financial centers that attract capital from around the world through certain tax or other preferences for the owners of these capitals. To make it easier to understand the essence of offshore companies, you can give the following example: within a month you earned a certain amount of money, the tax for this amount is fixed at 13%. At the same time, there is a certain neighbor who invites you to register your business on its territory, and for this he will take from you not 13%, but, for example, 3%. If we are talking about an average citizen who has 10-15 thousand rubles as a monthly income, then such an offer will not bring him any special profits. But when the income of a person is calculated in numbers with six or seven zeros, the offer from the “neighbor” looks very tempting.
After the calculations of the staff of the Tax Justice Network company, it turned out that in those very offshore planets of the Earth today there can be a concentrated fantastic figure that can exceed 30 trillions of dollars!
For conducting settlement operations, TJN specialists used a fairly simple method: they analyzed reporting documentation on the arrival of investment funds from the largest offshore companies in the world, and the data obtained were extrapolated to the entire global financial system. At the same time among the largest offshore companies in the world at this moment are such states and territorial entities as Luxembourg, Switzerland, Hong Kong, the Cayman Islands, Trinidad and Tobago.
For clarity, you can imagine what role foreign capital plays in the life of these territorial objects. For example, in a country like Trinidad and Tobago, where although the oil and gas industry is developed, but not nearly as intensively as in Russia, GDP per capita is almost 38% higher than the analogous figure for GDP in our country. But in terms of island Trinidad and Tobago, it’s not only surprising.
The fact is that after an active start of its offshore activities, the mentioned state unexpectedly passed into the category of completely free states from the international point of view. The “complete freedom” index was assigned to Trinidad by the Americans, despite the fact that there has been a high level of corruption in the judicial system for many years, there is a ban on homosexual relations so sweet to some Washington patrons, there is a problem of civic activity of the female population, the death penalty is used and even corporal punishment. However, it turns out that this does not affect the “freedom” of the country. The main achievement of the government of Trinidad and Tobago is that it allowed the work, let's say, of a substantially optimized tax code to foreign companies, most of which are companies from the United States. So, it turns out where the dog of freedom is buried in an American way. Leave us land and money storage cells from which you can take just a little, and we will declare your country free ...
In general, Trinidad has found its place in this world, and hardly anyone has the courage to blame him for this ...
In a similar situation and the Cayman Islands, which are the overseas possession of Britain. The level of GDP per capita here is almost 20% higher than in the metropolis itself - an amazing indicator for the colony, isn’t it? And the thing is that it was the Cayman Islands, located in the Caribbean, that businessmen from the United States and the United Kingdom chose long ago, leaving hundreds of billions of dollars overworked by overwork. According to the Tax Justice Network, there is a certain financial center on these islands, within the walls of which, as many as 12000 corporations from the USA are registered. If we take into account that the office of each corporation occupies an area of even the largest “odnushki”, then the total area of this financial center should be about half a million square meters. For comparison, the total area of the interior of the US Empire State Building is just over 250 thousand square meters. In other words, on the Cayman Islands should be located some grand structure of such dimensions as the two New York skyscrapers combined. Only here, for all we wish, we will not find anything like this here. Yes, if such a building appeared here, then the Cayman Islands under its weight would definitely have gone under the water of the Caribbean. But then what is this strange financial center? Yes, it's just those very “Horns and hoofs” on a planetary scale, where not even millions, but hundreds of billions of dollars annually scroll. Fortunately, the locals have their own “labor penny” from this scrolling ...
If offshore life is in full swing in the Caymans and in Trinidad, then what about states like Luxembourg and Switzerland. But these are the favorite places for the “work” of the means of Russian businessmen and officials of various levels.
According to analysts from TJN, Russia today ranks second in terms of funds withdrawn from the country through offshore companies. Over the past 20 years, the Russian Federation has withdrawn billions of dollars in foreign offshore 800! This is simply a fantastic figure that could (if it were, of course, stayed inside Russia) turn our country into a paradise if not, then life of ordinary Russians would be much better. But these are all dreams, dreams ... Who will give us these 800 billions? ..
By the way, China leads in terms of withdrawing funds to foreign offshore companies. Its level is 50% higher than the Russian one, but this level is calculated not for 20, but for 30 years. It turns out that, when translated into absolute figures, our oligarchs go nostrils with the Chinese oligarchs.
If we talk about the total amount of funds exported bypassing the state tax authorities to foreign offshore companies (and this, you need to recall the number, which can be more than 30 trillions of dollars), then such volumes could solve all the existing global financial problems combined. Here and the United States would pay off their debt and start living production, not just a printing press, here and old Europe would breathe freely, less cursing the notorious Greeks for their rampant spending, and in Russia they would not think where to send the remnants of the table financial sharks - for defense or education ...
It turns out that the global financial crisis, when everyone owes something to someone, is a natural outcome of the endless accumulations of a fairly limited handful of people. Only now, if they were guessing about it, they were silent: it was much more profitable to blame everything on the average Greek or Italian, who allegedly didn’t want to work at all ... Now, thanks to TJN's revelations, the secret became obvious.
After the announced information, Barack Obama immediately promised to “find” that very “Caiman financial pyramid”, the British authorities promised to conduct a total audit of their businesses in offshore zones, Germany expressed concern with the figures indicated in the TJN reports. Russia is not yet giving its official comments ...
And the ostentatious concerns of Western leaders are in fact nothing more than a shaking of the air. Well, does the president of the same United States today possess such tools to prevent large companies from withdrawing their funds to offshore companies? Sorry, but the intestine is thin. Yes, and it often happens that the funds from those offshore companies themselves give politicians a place to turn even 180 degrees. And if so, then the revelations of the Tax Justice Network are no more than a tale about what everyone already guessed. Moreover, it would be very optimistic to think that now world leaders will take, and they will order to withdraw their money from offshore companies to financial tycoons and return them to their homeland. Well, yes, yes, yes, the magnates will answer and continue to do their work ...
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