The International Consortium of Investigative Journalists, here, has released a new report on Chinese use and abuse of offshore companies. The report is here. A New York Times article, Andrew Jacobs and David Barboz, Report Says China’s Elite Use Offshore Companies (NYT 1/22/14), is here.
Offshore companies, of course, deploy their assets through offshore financial accounts. And, you will notice the names of the usual enablers for this skulduggery.
I guess the message here is that all countries need to understand the nature and scope of the problem and determine whether cooperative action is the appropriate fix.
For a related report by the same group, see Investigative Journalists Report on the Maze of Offshore Accounts as Global Problem (Federal Tax Crimes Blog 4/4/13), here.
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