It's interesting that Swiss banks also hide their assets from the Swiss by using offshore bank structuring.
The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital - in some cases, overcome, though all figures are dubious for these secret and often illegal operations.
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.
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.'
Those who take their money abroad in an effort to avoid paying American taxes should lose their American citizenship.
As she was about to run for president in 2008, Clinton opposed a free-trade agreement with Panama - an agreement that, as Sanders pointed out, would make the kind of money-laundering we learned about from the Panama papers even more pervasive.
If you look around in London, there is a lot of dirty money. People see it as a safe haven: a bolthole to rely on if they are criminal or politically exposed in their own country.
I have business interests in Dubai, Monaco and all over the world.
Britain is the epicentre of financial fraud. Most major players outsource their fraud here because London is the unregulated cesspit of global finance.
I do not think we should tax people to a point where they are looking for tax loopholes and getting their money out of the country.
People travel overseas to do things overseas that aren't legal in Ireland all the time. You know, are we going to stop people going to Las Vegas? Are we going to stop people going to Amsterdam? There are things that are illegal in Ireland, and we don't prevent people from travelling overseas to avail of them.
Shell companies can be owned by other shell companies; opaque offshore vehicles are carefully designed so that regulators can't identify who is using them; with the right accountants, they can be set up quickly and easily.
Countries compete in offering easy working conditions to their banks. In many jurisdictions, you can deposit money anonymously with no questions asked, even if the accepting bank knows that it derives from criminal activities.
Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we'd have no tax havens in the world.
They like to take all this money from sin, build big universities to study in, sing Amazing Grace all the way to the Swiss banks.
In 25 years of exile, I've never had a frozen account, either in Switzerland or elsewhere in the world.
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
I'm tired of seeing the press equate Monaco with money laundering.
If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of globalisation, such as tax havens.
Andrea Leadsom also denies any tax avoidance, says she 'shopped around' for a good deal and it was from a British bank that booked the biz in Jersey.
We will also target tax evasion and off-shore tax havens... Everyone must pay their share.
We shouldn't be encouraging people to set up Cayman Island funds.
There is nothing inevitable about this secret offshore world. It is not a fact of nature: Our laws created tax havens, and our laws can also end them. We could forbid Goldman Sachs from owning opaque offshore vehicles. We could prevent companies such as Cadre from accepting anonymous investments.
All these financiers, all the little gnomes of Zürich and the other financial centres, about whom we keep on hearing.
That's where the economy is going. It went somewhere. Just not to America. And the money made? That went to the Cayman Islands and Switzerland. Not back here. Never to be taxed.
