For drug cartels, offshore companies are a good fix

Any drug company would be able to manufacture non-brand name versions of the very same drug, so-called “generics.” And for a while, the system worked well. Not anymore.

2017 Pulitzer Prize: The Miami Herald spent months studying secret files dubbed "The Panama Papers" leaked from inside law firm Mossack Fonseca to investigate how people accused of wrongdoing.

 · Offshore tax havens are a hot topic these days – due in no small part to the Obama campaign’s attacks on Mitt Romney’s foreign holdings. But beyond that, governments across the globe are hard up for cash, as the global economic slump has eaten into tax revenues, and they would like nothing more than to get their hands on all that offshore wealth.

"What do Mexican drug cartels and avocados have in common?" you might ask. The answer? Extortion. A recent article in the Mexican newspaper Reforma reported that the country’s drug cartels are putting the squeeze on avocado producers with threats of kidnapping and even death if the grower doesn’t fork over a percentage of their wages.

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The good news. many different companies would be making generics and competing against each other to charge the lowest prices, with consumers benefiting. But drug corporations have created a market.

supply or other market value of some good or service. The most common form is when companies agree not to sell their product for less than a specific amount. This, for example, is what the plaintiffs.

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 · Now, for some good news: Sure, a lot of the companies on Debtwire’s tracker are going to wind up in bankruptcy. But that list is already shorter than it was in January, when it stood at more.

 · The biggest challenge is getting rid of the drug cartels. President Peña Nieto increased security spending from 1.5% to 5% of GDP, the level that worked for Colombia. President Peña Nieto increased security spending from 1.5% to 5% of GDP, the level that worked for Colombia.

 · In our paper, The Corrosive Effect of Offshore Financial Centers on Multinational Firms’ Disclosure Strategy, we investigate whether U.S. multinational companies with subsidiaries located in OFCs are more likely to be opaque in their voluntary information disclosure than U.S. multinationals without such subsidiaries.