The Kyiv Post welcomes feedback about our new website and we stand ready to fix any problems users might encounter in our test phase. Contact us at: news@kyivpost.com or +38-044-591-3344. Thank you!

Share Tweet Pocket Add to Bookmarks
You're reading: An offshore flood of untaxed wealth
Popular
on social media

That’s one reason why government debts are ballooning, since much of this money remains hidden from tax collectors.

Yet in nations such as Ukraine, using offshore holdings is sometimes the only way to conduct business, with tax minimization serving as an added bonus.

The past several decades have seen an explosion of private banking and offshore havens, used to funnel both legal and ill-gotten gains from developing countries to secure locations in the most industrialized nations. 

Exclusive article

Select your subscription plan now and gain access to all exclusive content on KyivPost.com.

See All Plans
$5.95
per month
Website

Gain access to all exclusive Kyiv Post stories and opinions online.

Subscribe
$9.95
per month
Unlimited

Weekly delivery of the newspaper, unlimited access to all exclusive content on KyivPost.com.

Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: