“It is not fair that people who are born in the UK to parents who are domiciled here, can later in life claim to be non-doms and live here, it is not fair that non-doms with residential property here in the UK can put it in an offshore company and avoid inheritance tax.” PeopleLifeParentBornCompanyTaxesFairsClaimsPropertyInheritanceNot FairLater In LifeOffshoreDomsInheritance Tax Author:George Osborne
“I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.” KidsCompanyTaxesStoresHungryLiquorRobbersOffshoreLiquor Stores Author:Warren Buffett
“On the whole, I prefer not to be lectured on patriotism by those who keep offshore maildrops in order to avoid paying their taxes.” WholeOrderTaxesOffshore Author:Molly Ivins
“In America, we have the highest corporate tax rate in the world. One of the reasons why companies have so much money offshore is because it's cheaper!” WorldReasonAmericaCompanyTaxesHighestRateCorporateReason WhyCheaperOffshore Author:Rush Limbaugh
“It's simply cheaper to operate the business offshore than it is domestically because of the tax rate, 35%, which is higher than anywhere else in the industrialized world. And one of the things the Trump team says they're gonna do is lower that to 15%. And if they do, folks, you haven't seen anything yet. If they succeed in that - and you watch.” IfsWorldWatchesTeamHavensTrumpHigherSucceedTaxesRateFolksCheaperOffshore Author:Rush Limbaugh
“If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.” IfsWealthPayTrumpTaxesGainsSellsIncomeFundWealthyRegisterIncome TaxHeirsAccountantsPaying TaxesOffshoreTrust Funds Author:Michael Hudson