IMF study finds £12trn in global investments are held in off-shore empty corporate shells

IMF study finds £12trn in global investments are held in off-shore empty corporate shells

Research conducted by the International Monetary Fund (IMF) has found that £12trn is invested globally in empty corporate shells located in tax havens. The report, Piercing the Veil, discovered that almost 40% of all foreign investment positions globally are situated in companies without activity. The IMF has observed how important this is, particularly as in many countries there are major policy initiatives aiming to curb the harmful use of tax havens and, in light of increased digitalization and mobility of assets, the international tax challenge will increase in the coming years.

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author: