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International Politics Hey aren't we all experts at world politics?

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Old January 22nd, 2014, 07:25 PM
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China’s Elite Use Offshore Companies




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Report Says China’s Elite Use Offshore Companies

By ANDREW JACOBS and DAVID BARBOZAJAN. 22, 2014

BEIJING — Members of the Chinese elite, including some of the country’s most politically connected figures, have set up a large number of offshore companies that allow them to conceal billions of dollars abroad, according to a report released Wednesday by the International Consortium of Investigative Journalists, a Washington-based group that works with a number of news organizations around the world.

The report’s authors say it is based on leaked documents concerning tens of thousands of tax-haven clients. The report names more than a dozen of China’s wealthiest citizens, as well as relatives of top officials, including those of the country’s president, Xi Jinping; the former prime minister Wen Jiabao; and descendants of the governing Communist Party’s revolutionary founders.

...

Also included are the son, the daughter and the son-in-law of Mr. Wen, the recently retired prime minister, whose family’s immense wealth was the subject of a series of articles in The New York Times in 2012. The Times investigation found that relatives of Mr. Wen held at least $2.7 billion in assets, often through hidden stakes in Chinese financial, telecommunication and jewelry companies.

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Old March 3rd, 2014, 07:31 AM
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Re: China’s Elite Use Offshore Companies

I wonder when will the western media will get specific about offshore assets held by Indian politicians?
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Old March 3rd, 2014, 08:08 AM
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Re: China’s Elite Use Offshore Companies

All around the world I would think the elite are using this tactic. Crony capitalism is taking a huge toll in the development of our country as well.
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