There are offshore companies in the world. And there are oligarchs in the world. Do we have a separate business, a separate power?

There are offshore companies in the world. And there are oligarchs in the world. Do we have a separate business, a separate power?

Joseph Stiglitz: An Economy Without Spare Tires

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answers (2)

Answer 1
July, 2021

First, define the terms.

Offshore is a tax-free territory

An oligarch is a rich man who influences decision-making on a national (regional) scale

It's simpler.

We are a large country with a fairly large population and traditions of a welfare state - it is difficult to refuse to collect taxes throughout the country, because there are obligations. But there are territories that are exempt from certain taxes.

We have oligarchs - people who are not formally part of the state system, but who have influence on decision-making by power structures.

Answer 2
July, 2021

I think that the answer to this question is not easy.

All these schemes are hidden by those professionals who should, in theory, be engaged in their disclosure. So, it will be possible to understand where the money has gone and who owns it now only after the investigation, and now, unfortunately, it is not possible.

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