
For example, former Serbian Finance Minister Mr. Mali was one of the guests of tax havens, whose name is listed among the names of European politicians in the data made public by Pandora Paper.
Although there is no set and accepted definition of a tax haven, it can simply be defined with two words: "escape" and "shelter".
Friedrich Hayek compared the vital right of capital mobility to the “foreign guest” in ancient Greek history. According to him, he has the right to enjoy his wealth in peace regardless of territory. But for this movement to happen unilaterally, it was deemed appropriate to leave “Hayek’s guests” completely exempt from rules and controls. Neoliberal capitalism demanded this and governments blessed it.
But of course capital is not to be stored, and as such it does not sleep in tax havens, it is only registered in them. It moves again. Tax havens have developed as the fastest transactional intermediaries and interact wonderfully with regulated capital markets. The capital that comes from them is invested and increased by tracking the most profitable investments which are again enabled by governments, through concessions and strategic investment laws.
According to economist and lawyer James S. Henry, corrupt politicians have stashed a staggering total of up to $36 trillion in tax havens.
For example, former Serbian Finance Minister Mr. Mali was one of the guests of tax havens, whose name is listed among the names of European politicians in the data made public by Pandora Paper.
Only 49 years old, with 27 years of work experience, of which 20 years in the public sector, the former Serbian minister has been enough to become a millionaire. Through two companies registered in tax havens, he has bought apartments along the Bulgarian Black Sea coast, worth $6.1 million, assets that he has not declared, or that are exempt from the rules.
And when we say "rules," taxes are only part of them, as tax havens also offer an escape route from financial regulations, investigation, and criminal liability.
This "protection" offered in tax havens also defines the characteristics of their guests. They are the most "powerful" people in capitalism, equipped with the monetary and political power to flee elsewhere and not obey national laws.
In those registers, there are undoubtedly Albanian guests, "capable" people who have led our nation, especially in the last 12 years, who have granted concessions and strategic investments without competition.
It is estimated that around $300 billion in budget revenues lost from the flight of capital to tax havens belong to developing countries, which are forced to beg for $150 billion in foreign aid every year to develop the remaining "underdeveloped" part of society that does not have the necessary ability to benefit from the wonders of neoliberal freedoms.
The essence of neoliberalization, meritocracy, which was conceived as a system of equal opportunity and the triumph of the able, has now turned into a tyranny of meritocracy. The prominent type of guests of tax havens are a unique example that capitalism triumphs only when it identifies with the state, until it becomes the state itself.
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