Offshore investments-cui prodis? Schrodinger's cat in offshore financing: Both alive and dead

Trends of FDI in offshore tax havens were compared to efforts and efficiency of regulatory authorities to prevent money laundering. Based on available data it was stated that current position in offshore FDI stays alive and officially dead at the same time, keeping the balance of interests for the m...

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Bibliographic Details
Published in:Megatrend Revija
Main Author: Stepuk Anna
Format: Article
Language:English
Published: Megatrend University 2014-01-01
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2014/1820-31591403033S.pdf
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Summary:Trends of FDI in offshore tax havens were compared to efforts and efficiency of regulatory authorities to prevent money laundering. Based on available data it was stated that current position in offshore FDI stays alive and officially dead at the same time, keeping the balance of interests for the main stakeholders: corporations, authorities and financial institutes support further offshore investments. Analysis based on volumes of trade and financial transactions between offshore centers, developed and developing countries. As a result withdrawal of financial resources from the developing countries degrades social capital funding and supports corruption growth.
ISSN:1820-3159