Offshore Accounts Quotes

It's interesting that Swiss banks also hide their assets from the Swiss by using offshore bank structuring.

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.

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

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

There's something fundamentally grubby about the rich paying people to seek out cracks in the system to hide their money.

Before even getting to David Cameron's father here's a starting-point question about the Panama Papers: how is the desire to break the anonymity of Panama banking secrecy different from the FBI's interest in breaking Apple's encryption of the iPhone?

The fact is I don't even have one cent of savings abroad, don't have accounts at foreign banks, don't have deposits abroad and don't even have any shares in foreign firms, much less hundreds of billions of dollars.

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.

Vladimir Putin is infuriated by the Magnitsky case. Why is he infuriated by it? It's because he steals a lot of money himself. He ends up terrorizing people himself. And he keeps that money he's stolen offshore.

Mitt Romney will travel to London where he will attend the Olympics opening ceremony. Of course it's going ot be weird when they're announcing all the countries, and he's like 'Got a bank account there, got one there, two bank accounts there.'

We're not going to beat Barack Obama with some guy who has Swiss bank accounts, Cayman Island accounts, owns shares of Goldman Sachs while it forecloses on Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to think the rest of us are too stupid to put the dots together to understand what this is all about. People matter more than Wall Street.

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

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.

When I talked about Boeing and I talked about General Electric, what I was referring to is an outrage... Right now you have a loophole such that these guys are putting their profits, multi-billion dollar profitable corporations putting billions of dollars into the Cayman Islands, Bermuda, and other tax havens.

The can’t collect legal taxes from illegal money.

We know too little about global wealth dynamics, so we need international transmission of bank information.

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

Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.

More and more, the superrich don't live in one place but many, flitting between multiple homes on different continents, flying to them on private jets, perhaps, concealing many of their real estate purchases through webs of shell companies and trusts.

Black money is so much a part of our white economy, a tumour in the centre of the brain - try to remove it and you kill the patient.

With obvious irony, many of the left-leaning privacy advocates who might cheer Apple's stand against the government's intrusion into its system, are now, as transparency advocates, on the side of the leakers of the Panama Papers.

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.

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.

I have never received a single 'off-the-books cash payment' as falsely 'reported' by 'The New York Times,' nor have I never done work for the governments of Ukraine or Russia.

The box office is a black money laundry shop. No business is straight.