Twitter and Facebook users are sure that the UK and the EU have declared war on offshore companies amid crisis. They say it looks quite natural because billions of dollars legally avoid taxation through offshore zones.
Experts say that the war is probably selective while being driven by some political factors when there are “accidental” information leaks.
On April 4th, The Guardian published an interesting piece of information. The reporters claim to have finally revealed the real owners of big and super-big offshore accounts. The list includes relatives of top-ranking politicians (presidents and ministers) from around the globe. The total amount hidden on secret offshore accounts is estimated at $32 trillion!
How did the reporters of the influential British edition manage to reveal such information? Let’s try to answer this question together…
Offshore Leaks
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert from Canada, the list published by The Guardian does impress. It is based on 2 million letters and documents while the names are really influential.
Here is the link to the article called Leaks reveal secrets of the rich who hide cash offshore:
http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven
Among the top-ranking owners of offshore accounts we can find politicians from France, Mongolia, Canada, the US, India, Pakistan, Indonesia, Iran, China, Thailand and former communist states (including Russia, of course).
Expert Opinion
According to Eugene Antipenko, another expert from Masterforex-V Academy, nothing is accidental when it comes to big politics. The Guardian was glad to publish such sensational data in order to get its rating going sky-high. However, it is necessary to pay close attention to the following fact:
Who are potential adversaries of the UK? These are France, Russia and China along with tycoons from Spain and the USA.
The leaks are 100 times as sensational and powerful as the same information published by WikiLeaks in 2010. 2 GB of compromising evidences by WikiLeaks versus 200 GB of similar info provided by the BVI.
The Guardian also named the very key reason for the article: the UK’s Foreign Office depends on taxes while the British Virgin Island (which are subsidized by London) store $31 trillion dollars amid crisis. Obviously, the leak will raise a storm of indignation with revolutionary calls to expropriate everything and to distribute among people.
What are the real reasons behind the leak? To start another major crisis, to expropriate trillions of dollars or anything else? We will wait and see.
However, Masterforex-V Academy experts say that there is a leading indicator for that purpose. It is GBPUSD.
If the US Dollar starts a sharp and strong rally against the Pound and other majors, we will see another major crisis worldwide. Otherwise, if it is the British Pound that is strengthening against the US Dollar, this will indicate that the UK government has resolved the problem at the expense of offshore.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of GBPUSD:
