Dit is een prima longread boordevol hartstikke goed nieuws.
Kapitalisme is een geweldig goed systeem.
Helemaal in Ukraine.
For decades, hundreds of billions of dollars have vanished from the world’s poorest countries, finding their way – via the tax and secrecy havens of Europe, south-east Asia and the Caribbean – into the banking system, real estate and luxury goods markets of the west. According to the World Bank, between $20bn and $40bn is stolen each year by public officials from developing countries. Rich countries returned only $147.2m worth of these assets between 2010 and 2012 – far less than one cent out of every misappropriated dollar. And that may even understate the scale of the problem. Some lawyers involved in asset-recovery cases estimate the volume of money embezzled globally at around $1tn a year, which makes the tiny amount of money recovered look even feebler.
To frustrate any potential investigations, Ukraine’s rulers became masters of the offshore world’s network of tax havens. Once money was stolen, it was invested in European and American assets hidden at the end of intricate chains of shell companies, registered through tax havens in the Indian Ocean, Europe and the Caribbean. It is Cyprus, rather than Russia, Germany or America, that dominates the Ukrainian economy: an astonishing 92% of Ukraine’s outward investment flowed into the Mediterranean tax haven in 2014.
Dat associatieverdrag is echt een geweldig goed idee.