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From Russia launched a trillion: with whom to send "Polite people"?
Material posted: Publication date: 13-05-2016
While Russia, the sister Republic and our brothers in non-brotherly republics celebrated Victory Day, I came across a very interesting figures (Yes, we have to work even in the celebration: money never sleeps).

According to the study, which was conducted by Columbia University Professor James Henry, of "developing countries", including Russia and China, over the past decade, were withdrawn more than $12 trillion. $1.3 trillion from Russia. In an interview with The Guardian, Mr Henry said: motivation for the withdrawal of funds to offshore is not only tax evasion. According to him, criminals and corrupt officials also use offshore jurisdictions to hide their money. As shelters are not only exotic places, like the Caymans, where you can effectively hide assets, but some States, such as Delaware, where foreign investors have the opportunity to open a company without a clear indication of the ultimate owner.

The figure of $1.3 trillion. may seem astronomical: it is comparable to the size of the annual Russian GDP, several times the size of the international reserves of Bank of Russia. However, it is real. The withdrawal of capital to offshore began under Mikhail Gorbachev in 1990. Naturally, the outflow of capital could only those, who he was. I.e., corrupt officials, at the time, they were very interested in the loans of the IMF and other international financial institutions, major shareholders and senior management of exporting companies, etc. I Think some heroes of the 90s well put aside for a rainy day.

Of course, not so simple. Offshore – part of the global financial system, global economy, clients are the leading financial houses. We did not set the rules: they evolved over the centuries. But we, alas, are obliged to play by them, Russia – part of the global economy. At the time of the USSR still left abroad a part of income from oil exports and used them for covert support to Communist parties in different regions of the world. It is believed that after the bourgeois revolution of 1991 part of these funds was the starting capital for instantly then appeared and now live on major Russian banks and financial groups. Cut the Soviet legacy was actively not only in Russia but also abroad. Now leading private and state-owned Russian companies and banks also are offshore companies. This is required their clients or them selves to protect their business interests and maximizing profits.

However, the money, of course, are never superfluous. Russia is not the world's largest pension, the government amid falling prices for oil is constantly considering the option of budget sequestration. And the need to modernize and re-equip the army became one of the causes of the recent painful devaluation of the Russian ruble. Liberal economic theory is that the issue of capital flight to offshore is solved through the formation of the country's attractive business and investment climate. The money, according to her, always go where it is safe and profitable. Sometimes it really is true: it is enough to recall the boom of inflow of direct and portfolio investment in the mid-naughties. A great example of creating an attractive climate for investment and economic modernisation provides us with the brotherly Kazakhstan.

However, tourism differs from emigration, and real life - from the University of Economics. The problem is that there are small, but not the poorest part of the Russians there is the dream – money “hamster” in Russia, and to live with a family abroad. And withdraw money from Russia, they will always be, even if Russia will be the best investment climate on the planet. There is a second category - the heroes of the 90s and other questionable individuals who withdrew their capital from Russia and left the country.

I think they should come very polite people and just politely ask them to return their capital to Russia and to pay, of course, with their 13% tax. Normal operation of the knights of cloak and dagger. Polite people, as you know, it is difficult to deny. And 87% of the acquired overwork will only work for the benefit of Russia and its economy. Of course, these actions do not correspond to the understanding of freedom in some people and exactly the contrary is written in the textbooks on economic theory. In the good old days, when oil was above $100 and there were no sanctions regime, this issue can be put off indefinitely. However, we have, as you know, hybrid warfare, every penny counts.

And then we ask the question. Like in this case, received such of our leaders as Alexander III or tov. Stalin?

Alexander Razuvaev


Tags: Russia , economy

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