PPRuNe Forums - View Single Post - LIPS / API CLAIM DENIED
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Old 14th Feb 2018, 10:38
  #189 (permalink)  
777-Up
 
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Originally Posted by gardenshed
This is the alleged address in the BVI that is used by the fund & managers etc.why does the money have to be kept in a "Tax Haven" such as BVI.
Because it's impossible to set something non-profit up, as LIPS was, in Dubai.

While there may be concerns about LIPS/API, this isn't one of them.
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