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25 июня 2014 15:19
Experts challenge legalization effect on capital flight from Kazakhstan
The upcoming property legalization in Kazakhstan has received a mixed assessment of its effectiveness for combating capital flight from Kazakhstan to offshore zones, Tengrinews reports.
The property legalization will begin in September this year. It is the third legalization in the history of Kazakhstan. Its terms are generally similar to the previous pre-crisis property legalization. The only novelty is that those wishing to legalize money have to keep it in Kazakhstan for a set period of time.
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