As much as 38 percent of the foreign direct investments that entered Macedonia between 2003 and April this year are from the countries being on a black list as tax havens.As much as 38 percent of the foreign direct investments that entered Macedonia between 2003 and April this year are from the countries being on a black list as tax havens Tax Haven A country that offers individuals and businesses little or no tax liability. Notes: There are several countries in the Caribbean that are considered tax havens. . Considering that many Macedonian companies have offshore firms in these countries, experts suspects that foreign investments coming from there are only a screen for money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. and tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. . Dnevnik underlines that no Macedonian institution has information on how much Macedonia loses financially through the transactions from these countries. It is said on Dnevnik's front page that black capital is presented as investments, substantiated with the statistics that investments of nearly 54 million dollars came to Macedonia from the British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. in almost 6 years. |
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