Urjit Patel Quotes

Massive tax avoidance. Billions and billions of dollars.

The can’t collect legal taxes from illegal money.

I'm careful to pay every single penny on my taxes. I don't have any money offshore.

Those who take their money abroad in an effort to avoid paying American taxes should lose their American citizenship.

The result of offshore tax evasion is a disproportionate tax burden on law-abiding citizens and fewer resources available for public spending or tax cuts.

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.

I did not use a Cayman Island entity to avoid paying taxes for myself.

It isn't only rich countries that suffer from the effects of tax havens. Developing countries also lose billions of dollars in tax revenues due each year because wealthy individuals and some companies use tax havens to move assets and income offshore.

Each and every year, the United States loses an estimated $100 billion a year in tax revenues due to offshore tax abuses by the wealthy and large corporations.

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

The truth is, however rich people get, they hate paying tax. Some live abroad for a year, or years at a time just to avoid it. Bizarre really - desperate economic migrants are driven to leave their homeland because of poverty; tax exiles are driven overseas by their wealth.

Over the years, dozens of American companies have filed papers to trade in their U.S. corporate citizenship for citizenship in tax haven countries like Bermuda.

We should not allow wealthy people, including corporate criminals, to hide their assets and avoid paying their bills.

One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower.

As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax.

When you find out that 40 percent of the big corporate taxpayers paid less than $500 in tax, you begin to think something is amiss.

The really rich people figure out how to dodge taxes anyway.

The avoidance of tax may be lawful, but it is not yet a virtue.

There isn't a rich man in your vast city who doesn't perjure himself every year before the tax board. They are all caked with perjury, many layers thick. Iron-clad, so to speak. If there is one that isn't, I desire to acquire him for my museum, and will pay Dinosaur rates.

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.

We know India is very focussed on black money; it is a very high-focus subject and we have been very careful to make sure the investments into India are legitimate. There is no 'round-tripping' or hot money or bad money being funnelled through Singapore.

Collective European Union action could mean no hiding places for evaders, no safe haven for tax avoiders, and no treasure islands for money launderers.

The Indian economy has declined because of the peculiar Indian 'invention' of that perfidious financial derivative called Participatory Notes, or PNs, otherwise known as the crony/crooked facilitator for black-money-based portfolio investment. No other country would think of such a derivative.

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

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.