Quotes About Offshore accounts

In 1994, the PFDJ established the Hidri Trust as a corporate umbrella for the Red Sea Trading Corporation – which maintained secret offshore accounts – plus banks, construction companies and manufacturing plants.8 The Red Sea Corporation and other party

The secreting of wealth in tax havens is often justified as 'legitimate tax planning.'

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.

We shouldn't be encouraging people to set up Cayman Island funds.

would have sympathized more had I not known that high-ranking Communist Party officials—including Wen—had a habit of steering state contracts and licenses to family members and siphoning billions into offshore accounts.

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.

STEVE: No, we maintain the accounts offshore, just until we get approvals. BILL: To get around approvals? STEVE: To get around approvals until we get approvals. There's a lot of red tape, a lot of bureaucracy. I

In one hearing, Levin estimated that $70 billion in tax revenue was lost each year because it was hidden offshore.