Friday, April 8, 2016
The world and Ukrainian media discussed hotly the Panamanian offshores during last week.
I think this situation will be continued further.
But I want to look at this situation at another point: why do wealthy people prefer to withdraw their money from their own country, but they continue to do business?
It is obvious that if the situation was not favorable at all, then many would have to "roll up" and focus on the new markets. However, companies remain, people work and create the working places. But not because everything is so rosy, but because it is easier to maintain the existing level of business than to build a new one. You literally have to adapt and survive in an environment where the tax system only takes into account the needs rather than the reality and prospects.
In contrast, I want to give an example of Israel, where only for the past year 4,000-dollar millionaires had immigrated. And not only Jews by birth. And do you know from which countries people immigrate to Israel the most? From Europe, from France to be exact. Obviously, no one will go to a poor country, will not enter the capital to a questionable market. Israel, a country with a population of 8.2 million people, is also a home to 72 thousand dollar millionaires. And taxes are paid, working places created, and market being expanded. And nobody is going to move
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