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Sun, Sand, and the $1.5 Trillion Offshore Economy
People here are well aware of the outrage over hidden wealth and lost tax revenue. They just don’t believe they’re to blame.
13 Jul 2019, 06:08 PM IST
(Bloomberg Businessweek) -- The British Virgin Islands is home to more than 400,000 companies that hold $1.5 trillion in assets. You wouldn’t know it if you walked through Road Town, the capital of this Caribbean archipelago. Hens and roosters compete brazenly with cars on the single narrow lane of Main Street. Law firms that set up and serve thousands of offshore companies occupy modest buildings next to brightly painted wooden hous...
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