| 000 -LEADER | |
|---|---|
| fixed length control field | 01579nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Mailey ,J. R. |
| 245 ## - TITLE STATEMENT | |
| Title | Angola’s Biggest Threat Is Offshore − and It's Not Piracy |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | London |
| Name of publisher | Think Africa Press |
| Year of publication | 2014. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 4p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article demystifies the popular belief that piracy is the major economic threat in Angola in actual fact it is offshore shady dealings that fuel IFFs. Angola has lost far more revenue to offshore secrecy than it could ever lose to offshore piracy. There are many incidences where Angolan oil has disappeared offshore. For decades, a tiny clique revolving around the president of Angola has deftly used anonymous shell companies to loot billions in state assets. These shell companies are incorporated in 'offshore' financial centres known as 'tax havens' or 'secrecy jurisdictions'. Secrecy jurisdictions do not require firms to disclose the identities of their beneficial owners, the individuals who ultimately control and benefit from the company, and dozens of countries around the globe fall into this category. Corrupt officials, predatory investors, and criminals all use these anonymous firms to evade scrutiny and operate with near impunity. This has devastating consequences for economic growth, good governance, and security. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | ASSET STRIPPING BANKING SECRECY CAPITAL FLIGHT CORRUPTION CROSS BORDER NATURAL RESOURCES OFFSHORE SMUGGLING TAX HAVENS GOOD GOVERNANCE |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/angola’s_biggest_threat_is_offshore_−_and_it's_not_piracy.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | News Articles |
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