Art is used for Tax avoidance and Money Laundering

From the FT:

“Whether we like it or not, art is used for tax avoidance and evasion,” Prof Roubini said. “It can be used for money laundering. You can buy something for half a million, not show a passport, and ship it. Plenty of people are using it for laundering.”




Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini Debate : If China does well it’s good for India & If India does well it’s good for China

World Economic Forum Annual Meeting 2015 on the theme India's Next Decade How will the world's most populous democracy revive and accelerate economic modernization, growth and job creation? This session was developed in partnership with NDTV.
Speakers: Hari S. Bhartia, Nouriel Roubini, Arun Jaitley, Vikram Chandra, Chanda Kochhar





India is once again on track economically compared to its position last year. This change is due to a favourable macroeconomic environment and the Modi government’s ambitious programme of reform. Liberalization and structural change is improving investor confidence. Still, for India to achieve its growth potential, the Modi government must doggedly follow its agenda and not be derailed by competing political and social interests.
 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini on Ten Trends in Global Economy

Jan. 21 -- Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University's Stern School of Business . NOURIEL ROUBINI: Popularly known as Dr. Doom, which was the title of a profile in The New York Times Magazine in August of 2008 , Having been among the few to predict that the collapse of the U.S. housing market would lead to a global financial crisis years before disaster struck

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Davos 2015: Nouriel Roubini targets Art Market for criticism

Regulation is needed in the global art market because it is vulnerable to money laundering, tax evasion, trading on inside information and price manipulation, according to one of the world's most respected economists.

Professor Nouriel Roubini, an economist at New York University's Stern School and himself an art collector, said the market had to regulate itself or be subjected to external regulation because it had weaknesses that would not be allowed in other kinds of financial markets, such as equities.
"Whether we like it or not, art is used for tax avoidance and evasion," Prof Roubini said. "It can be used for money laundering. You can buy something for half a million, not show a passport, and ship it. Plenty of people are using it for laundering."
 read more @ http://www.euro2day.gr/ftcom_en/article-ft-en/1296408/davos-2015-nouriel-roubini-targets-art-market-for.html




Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini: Income Inequality Creates U.S. Plutocracy

Jan. 21 -- NYU Stern School of Business Professor Nouriel Roubini, talks about income inequality in the United States. He speaks with Tom Keene from the World Economic Forum in Davos, Switzerland on “Bloomberg Surveillance.”





Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics