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This book argues actually its western countries like UK, US, and FR that benefit as rulers buy London, Paris or NYC flats in the names of offshore companies. h
by antb123 5y ago
This book argues actually its western countries like UK, US, and FR that benefit as rulers buy London, Paris or NYC flats in the names of offshore companies.
https://www.amazon.com/Dictators-Without-Borders-Power-Central/dp/0300208448 https://www.amazon.com/Dictators-Without-Borders-Power-Centr...
Personally I think the correct response is to tax things rich people like in those countries. Specifically housing, high end cars etc.
Putting beneficial owners on real estate makes total sense.
- andrewnicolalde 5y agoJust bought the book, thanks for the suggestion!
- joe_the_user 5y agoThe book looks interesting but I'm not a fan on the spin you're apparently putting on it. The London real estate market and maybe real estate dealers perhaps benefit. Most citizens of UK don't benefit from parts of London being actually empty for purposes of investment. The recycling of third world dollars back to the West has been ongoing since the "patrodollars" of the 1970s. Those who get a piece of those dollars benefit, the average citizen Western nations haven't benefited from the tremendous economic imbalance this has created.
- pseudalopex 5y agoI think they agree with you. Beneficial ownership is a legal term. Putting beneficial owners on real estate means not letting buyers hide their identities with shell companies.
- nly 5y agoThis is changing. UK law will soon require property bought through companies to reveal the names and details of significant shareholders.