Spiderweb Capitalism (eBook)

How Global Elites Exploit Frontier Markets

Kimberly Kay Hoang (Autor)

eBook Download: EPUB

2022
288 Seiten
Princeton University Press (Verlag)
978-0-691-22910-2 (ISBN)

Infos

A behind-the-scenes look at how the rich and powerful use offshore shell corporations to conceal their wealth and make themselves richerIn 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.

Produkt-Details

• Erscheint lt. Verlag: 6.9.2022
• Zusatzinfo: 10 b/w illus. 1 map.
• Sprache: englisch
• Themenwelt: Naturwissenschaften
• Themenwelt: Recht / Steuern ► Allgemeines / Lexika
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: 1Malaysia Development Berhad scandal • accountant • Accounting • Alice Goffman • Anti-Imperialism • Asset Management • Auditor • Back Office • bank run • behalf • Black Market • bribery • Brokerage firm • bureaucrat • Burmese Way to Socialism • Business Class • Business Ethics • Capital Allocation • capital injection • Capitalism • Cess • Chief investment officer • competitive landscape • Construction permit • corporate tax • Corruption • Crony Capitalism • cronyism • deprivatization • Devolution • Donald Trump • Economic Capital • Economic Power • Economics • Employment • Equity Market • Expense • Family Office • Finance • Financial crisis of 2007–08 • Foreign Account Tax Compliance Act • Foreign Direct Investment • Fraud • Frontier Markets • Gresham's law • Group of Eleven • Growth capital • Insider • Internal Financing • International business • International Consortium of Investigative Journalists • Investment • investment company • Investment Fund • Investment protection • Investor • Jho Low • Joint Venture • Joseph Schumpeter • kleptocracy • law firm • lawyer • LinkedIn • Market Maker • Military Dictatorship • Myanmar • national wealth fund • New Frontier • Next eleven • Offshore Financial Centre • Offshore investment • Offshoring • Panama Papers • Partnership • plausible deniability • Private Equity • Real estate (Second Life) • Shell corporation • Southeast Asia • Stanley O'Neal • state actor • State bank • Structuring • Succession Planning • Tax • tax avoidance • Tax evasion • tax haven • Tax holiday • Tax Incidence • Tax shift • Theft • The Other Hand • The Power Elite • Trade secret • trade war • Transfer Pricing • United States embargoes • Wealth Management • Your Money
• ISBN-10: 0-691-22910-4 / 0691229104
• ISBN-13: 978-0-691-22910-2 / 9780691229102