Anonymously owned shell companies and funds based in offshore tax havens like Jersey and the Cayman Islands hide what could be as much as 10 percent of global GDP. This is money that has been earned from narcotics operations, hidden from tax authorities, or, in the case of Kolomoisky, allegedly stolen from ordinary Ukrainians. In this world, theft is rewarded. Taxes are not paid. Law enforcement is impotent and underfunded. Regulation is something to be dodged.
