INSTEX is currently working on a Tax structure to be used once operational, based on their counterpart SATMA which is located in Kish Island – Iran’s free trade zone. Their main idea is to circulate all revenues via Kish in order to avoid tax payment in Europe, which will subsequently improve their performance profit wise
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INSTEX – A Corrupted Mechanism
The Organization has a policy of taking bribes and ‘payments under the table’ which is major part of its goals to establish a financial tool to support European entities to bypasses American sanctions on Iran
Iran and the EU agreed how to circumvent sanctions
Dormant Iranian funds in Europe are used as collateral in Semi-financial institutions in the continent, these funds are mainly deposited in major banks in Europe e.g Deutche bank, Commerz bank and HSBC
