Rohinton Mistry Quotes

Black money is a cancer in our economic system, not yet terminal or life-threatening.

Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year.

A very small proportion of the country's black money is in the movie industry. Because we are written about, public attention is focused on us. Do you think there is no black money in other businesses? With the exception of government servants and others who have tax deducted at source, there are tax evaders in every walk of life.

There will be huge scandals because there is too much money washing around …. And we don’t know who’s behind it.

Corruption and illicit financial flows are different. But they really must be twinned. This is because, for practical purposes, it is an eminently more sensible approach to treat most of the sources of illicit financial flows as corrupt activity, within a broader use of the term.

I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.

In the domain of cops and robbers, an interdiction serves to structure a black market and a shadow economy.

Over the years, many in the public have become numb to news of financial corruption, partly because too many of these stories involve banker-on-banker crime.

Corruption, money laundering, and tax evasion are global problems, not just challenges for developing countries.

The black money issue should not be misunderstood as one of merely avoiding taxes. It is, in fact, a major systemic crime of denying the nation's financial system the proceeds of wealth. Such denial should actually be declared as treason, where opportunities to share the wealth for the benefit of the poor are wilfully denied.

Only criminals want to use cash.

A holding company is the people you give your money to while you're being searched.

Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.

It's bad form to mention money-laundering. Instead, you talk about asset-management structures and tax beneficial schemes.

The two greatest priorities for my government are tackling tax evasion and corruption.

Changing much-cherished bank secrecy laws is worth the effort. Corruption, tax evasion, and the capture of natural resource revenues undermine the rule of law, weaken the social fabric, erode citizens' trust in institutions, fuel conflict and insecurity, and hamper job creation.

Those who willfully conceal assets overseas undermine the playing field for all taxpayers.

Secret bank accounts are for laundering dirty money. Heads of state at the UN should put an end them. That would be the best way of tracking down the drug traffickers.

I think money laundering is giving oxygen to organized crime.

Rogue economics is a sort of umbrella under which we find the criminal economy, the illegal economy, but also those gray areas, gray areas where there is not a proper regulation, where there is not legislation for the economy.

The underground economy is not all smugglers. It is hundreds of thousands of otherwise honest people who have withdrawn their consent to be governed.

Massive tax avoidance. Billions and billions of dollars.

Blest paper-credit! last and best supply! That lends corruption lighter wings to fly!

People have to cooperate. Many people and traders here try to evade tax. They don’t want to pay tax so they smuggle goods and services into this country to make more money—as much as possible. The also manipulate the foreign currency market.

The can’t collect legal taxes from illegal money.