As the FT notes this morning, an IMF report authored by Jannick Damgaard, Thomas Elkjaer, and Niels Johannesen of Copehngane University has suggested that: A large proportion of the world’s stock of foreign direct investment is “phantom” capital, designed to minimise companies’ tax liabilities rather than financing productive activity, according to research. As they note: […]
source https://thebtrader.com/2019/09/09/the-death-throes-of-old-style-globalisation/?utm_source=rss&utm_medium=rss&utm_campaign=the-death-throes-of-old-style-globalisation
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