{"id":19330,"date":"2013-02-24T10:43:37","date_gmt":"2013-02-24T10:43:37","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=19330"},"modified":"2013-02-24T10:43:37","modified_gmt":"2013-02-24T10:43:37","slug":"russia-loses-at-least-49-billion-a-year-to-tax-havens","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/24\/russia-loses-at-least-49-billion-a-year-to-tax-havens\/","title":{"rendered":"Russia loses at least $49 billion a year to tax havens"},"content":{"rendered":"<p>A little late, <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/cf4fc11e-7b7e-11e2-95b9-00144feabdc0.html#ixzz2LoOaA8uJ\" target=\"_blank\">from the FT last week<\/a>, but wholly\u00a0relevant\u00a0whenever reported:<\/p>\n<blockquote><p>Russia\u2019s central bank governor has lifted the lid on $49bn in illegal capital flight last year \u2014 more than half of which, he says, was controlled \u201cby one well-organised group of individuals\u201d that he declined to name.<\/p>\n<p>Sergei Ignatiev\u00a0.....\u00a0unburdened himself in an interview with the Moscow newspaper Vedomosti about money leaving the country through the back door, which he said equalled 2.5 per cent of gross domestic product last year.<\/p>\n<p>\u201cThis might be payment for supplies of narcotics .\u00e2\u20ac\u2030.\u00e2\u20ac\u2030. illegal imports .\u00e2\u20ac\u2030.\u00e2\u20ac\u2030. bribes and kickbacks for bureaucrats .\u00e2\u20ac\u2030.\u00e2\u20ac\u2030. and avoiding taxes,\u201d he told the daily, which is part-owned by the Financial Times.<\/p>\n<p>Russia\u2019s central bank has access to daily monitoring data on all payments within the commercial banking system, and Mr Ignatiev said the $49bn figure was mainly drawn from analysing \u201cpayments made by Russian organisations to non-residents, the stated aims of which are clearly false\u201d.<\/p><\/blockquote>\n<p>None of this is possible without banks.<\/p>\n<p>None of it is possible\u00a0without\u00a0tax\u00a0havens.<\/p>\n<p>Someone\u00a0audits\u00a0those banks.<\/p>\n<p>Some people support those tax havens.<\/p>\n<p>They give them clean bills of health even though that is\u00a0clearly\u00a0impossible.<\/p>\n<p><span style=\"font-size: 13px;\">And doing that's not much\u00a0different<\/span><span style=\"font-size: 13px;\">\u00a0to laundering the money itself in my opinion.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little late, from the FT last week, but wholly\u00a0relevant\u00a0whenever reported: Russia\u2019s central bank governor has lifted the lid on $49bn in illegal capital flight<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/24\/russia-loses-at-least-49-billion-a-year-to-tax-havens\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,32],"tags":[],"class_list":["post-19330","post","type-post","status-publish","format-standard","hentry","category-secrecy-jurisdictions","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=19330"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=19330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=19330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=19330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}