Research using beneficial ownership data finds that the implementation of automatic exchange of information for tax purposes drives capital into offshore real estate
A working paper finds that the Common Reporting Standard drove a significant increase in UK property purchases by companies incorporated in the most-exposed secrecy jurisdictions. The authors estimate GBP 16–19 billion was invested in UK real estate between 2013 and 2016 in response to the policy, pointing to real estate as a residual blind spot in financial transparency frameworks.
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- Show records from 2022
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- Show records of type Academic