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Kallakis: how offshore secrecy in British Virgin Islands lends itself to fraud

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British Virgin About the

In the Guardian wrote that there are 28 persons as directors for 21, companies. You can make it easier for us to review and, hopefully, publish your contribution by keeping a few points in mind. Offshore financial centre and Corporate tax haven. The effect of tax havens on economic welfare in high tax countries is unclear, though the availability of tax havens appears to stimulate economic activity in nearby high-tax countries. Yes, must be maintained in the British Virgin Islands, and must be maintained at the office of a licensed management company. These reinvoicing companies simply made a margin without performing any economic function, but as the margin arose in a tax-free country, it allowed the group to "skim" profits from the high-tax country. You need not make currency declarations while getting into the territories; that actually allow you to move your funds in your desired form.

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