Saturday 26 February 2022

Ukraine Invasion: Greed or insanely clever?

Most of Europe does not allow anonymous investments.

The two biggest offshore havens with great capacity to receive anonymous investment are the United States and the United Kingdom.

The UK allows anonymous ownership of property.

In May 2016, U.K. Prime Minister David Cameron organized a big international conference to oppose anonymous ownership, presumably because of sheer embarrassment. He lamented that 99,000 buildings in the United Kingdom had anonymous owners.

The USA allows not only anonymous ownership of property but also anonymous money transfers.

So either the UK and USA have been complicit in turning a blind eye. Or maybe they have been playing a long game.  Allowing Russian investments so that if an occasion such as the Ukraine attack happened, massive amounts of Russian money could be frozen.

Greed or insanely clever?




LINKS

https://www.democraticaudit.com/2016/04/06/david-cameron-and-the-tax-havens-transparency-is-only-partial-answer-to-a-much-bigger-question/

https://www.theguardian.com/politics/2016/apr/07/david-cameron-offshore-trusts-eu-tax-crackdown-2013

https://www.theguardian.com/news/2016/apr/05/david-cameron-left-dangerously-exposed-by-panama-papers-fallout

https://www.gov.uk/government/news/pm-announces-new-global-commitments-to-expose-punish-and-drive-out-corruption

https://www.ft.com/content/c1a49662-17a1-11e6-b197-a4af20d5575e?mhq5j=e7

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