John Hickenlooper Quotes

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.

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

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

Follow the Money

While giving a clear majority to my government in 2014, the people of the country had also given a clear mandate to take strict action against corruption and black money.

People are with our Prime Minister, Mr. Narendra Modi, with regard to the surgical strike on black money. They are not with the opposition parties.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

Demonetisation was a defining moment in the government's war on corruption and black money.

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.

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

It’s a giant criminal enterprise, but at least it’s a state.

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.

Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.

Illicit trade corrupts corporations and governments alike, allows dictators to survive, and obscures oppression, including modern day slavery.

We in Nigeria have seen just how difficult it is to get back stolen assets from the international financial system, such as banks that ought not have received those funds in the first place if even the most routine questions were asked.

Tracing, freezing, and return of stolen assets has proved in many cases to be exceptionally difficult for most African countries.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Demonetisation has boosted our efforts to build an honest society.

If ethics is limited to financial conflicts of interest - that's really what I did in the Bush White House - that's a huge problem for me because Trump refused to sell his businesses. We don't know where he's getting his financing.

Only criminals want to use cash.

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.

One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.

Where did all the money go? The Aam Aadmi wants to know.

We want to put a stop to tax havens. We want results on this, with a list of tax havens and a series of consequences.

We are kidding ourselves if we don't think of the drug business as a legitimate business. It's what funds governments. It's too much money to ignore.