2 ms·
Capital flight is easily challenged if you have the cojones. Paper assets require a supportive legal framework to transfer them usefully. Imagine creating a b
by hakfoo 7y ago
Capital flight is easily challenged if you have the cojones.
Paper assets require a supportive legal framework to transfer them usefully. Imagine creating a blacklist of tax evaders with the sort of teeth we see with, say, the sanctions on Iran/Venezuela/the DPRK. Shut down their economic life until they'll yield a useful cut.
Physical assets can't easily be schlepped across national borders without anyone noticing.