"The offshore tax, customs and business environment is more liberal, there is more privacy, and free exchange rate regime. Entrepreneurs in these areas do not pay taxes. Therefore, governments usually oppose their businesses investing in these areas. Often, however, members of the government and heads of state are among those whose capitals are funneling into offshore," Gubal Ibadoglu, the head of the Center for Economic Research said in an interview with Turan, commenting on the research of the international journalism coalition, into the offshore business of the Ilham Aliyev family.
In his view, the offshore investment of the Aliyevs is an indication of lack of confidence in the tax, customs and banking system of Azerbaijan.
"Apparently, the President does not see a prosperous political and economic future for the country he controls. Otherwise, members of his family would put money into the economy of their own country," said Ibadoglu. -03C06-
Politics
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On 26 July "Platform III of the Republic" made a statement which drew attention to the unlawful seizure of electronic devices of underage children of the arrested head of this structure Akif Gurbanov.
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From 19 to 26 July, 24 automatic rifles, 1 machine gun, 9 rifles, 28 grenades, 441 shells, 3118 cartridges of different calibre and other ammunition were found in Khankendi, the Azerbaijani Interior Ministry reported. During the mentioned period, the police found 1 machine gun, 50 grenades, 7 fuses, 3 shells and 320 cartridges of different calibre in Shusha.
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President Ilham Aliyev has approved by decree the Azerbaijan-Kazakh intergovernmental agreement on cooperation in military intelligence defense sector. The document was signed in Baku on 7 June 2024.
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At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
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