Although UK revenues hit $11.3bn last year, a healthy 19% year-on-year rise.
Read here
EU politics
OCCRP: Buying EU citizenship in Bulgaria
This is a new twist: One can obtain EU citizenship via financial leverage. The EU gets better by the day. Read here
EU politics
Brad Setser: Tax Avoidance and the Irish Balance of Payments
An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.” Read here
Corruption
AP: Spain arrests 4, seizes 115 properties in Venezuelan probe
This is the result of the financialisation of homes. Dirty money, be it from developing nations or the rich in the advanced economies is seeking secure havens. And what is more secure than nations, like […]
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