The Rise Of Phantom Investments - Empty Corporate Shells In Tax Havens
from the International Monetary Fund
– this post authored by Jannick Damgaard, Thomas Elkjaer, and Niels Johannesen
According to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China. Luxembourg’s $4 trillion in FDI comes out to $6.6 million a person. FDI of this size hardly reflects brick-and-mortar investments in the minuscule Luxembourg economy. So is something amiss with official statistics or is something else at play?
Source: http://econintersect.com/pages/contributors/contributor.php?post=201909220523
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