--- title: "19 Tax Havens Quotes by 15 authors" description: "Browse 19 Tax Havens quotes by 15 authors. Discover the best Tax Havens sayings and thoughts." image: "https://sms4smile.com/quotes/i/95d/jose-angel-gurria-5076_economics_if-we-want-a-stronger-cleaner-and-fairer_3046449.png" --- > [If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of globalisation, such as…](https://sms4smile.com/quotes/jose-angel-gurria/if-we-want-a-stronger-cleaner-and-fairer-world-economy-we-need-to/) [Jose Angel Gurria](https://sms4smile.com/quotes/author/jose-angel-gurria/) [Image](https://sms4smile.com/quotes/i/95d/jose-angel-gurria-5076_economics_if-we-want-a-stronger-cleaner-and-fairer_3046449.png) > [If corporations and rich people who made fortunes out of us during the boom are not paying their fair share then reform…](https://sms4smile.com/quotes/john-mcdonnell/if-corporations-and-rich-people-who-made-fortunes-out-of-us-during/) [John McDonnell](https://sms4smile.com/quotes/author/john-mcdonnell/) [Image](https://sms4smile.com/quotes/i/51e/john-mcdonnell-5730_corporations_if-corporations-and-rich-people-who-made_2594951.jpg) > [The secreting of wealth in tax havens is often justified as 'legitimate tax planning.'](https://sms4smile.com/quotes/prashant-bhushan/the-secreting-of-wealth-in-tax-havens-is-often-justified-as/) [Prashant Bhushan](https://sms4smile.com/quotes/author/prashant-bhushan/) [Image](https://sms4smile.com/quotes/i/d2c/prashant-bhushan-6062_legitimate_the-secreting-of-wealth-in-tax-havens-is_2044606.jpg) > [We will also target tax evasion and off-shore tax havens... Everyone must pay their share.](https://sms4smile.com/quotes/george-osborne/we-will-also-target-tax-evasion-and-off-shore-tax-havens-everyone/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) [Image](https://sms4smile.com/quotes/i/ce7/george-osborne-3998_and-off_we-will-also-target-tax-evasion-and-off_2594.png) > [We want to put a stop to tax havens. We want results on this, with a list of tax havens and a…](https://sms4smile.com/quotes/nicolas-sarkozy/we-want-to-put-a-stop-to-tax-havens-we-want-results-on-this-with-a/) [Nicolas Sarkozy](https://sms4smile.com/quotes/author/nicolas-sarkozy/) [Image](https://sms4smile.com/quotes/i/b20/nicolas-sarkozy-12291_consequence_we-want-to-put-a-stop-to-tax-havens-we-w_1633900.jpg) > [I don't rely on off-shore tax havens, and I don't want to invest in stocks and shares as we have seen how…](https://sms4smile.com/quotes/sol-campbell/i-don-t-rely-on-off-shore-tax-havens-and-i-don-t-want-to-invest-in/) [Sol Campbell](https://sms4smile.com/quotes/author/sol-campbell/) [Image](https://sms4smile.com/quotes/i/9bc/sol-campbell-7189_game_i-don-t-rely-on-off-shore-tax-havens-and_870541.jpg) > [In the meantime the big corporations are fleeing America for tax havens and places like Ireland, Luxembourg and the Grand Cayman Islands;…](https://sms4smile.com/quotes/ralph-nader/in-the-meantime-the-big-corporations-are-fleeing-america-for-tax/) [Ralph Nader](https://sms4smile.com/quotes/author/ralph-nader/) [Image](https://sms4smile.com/quotes/i/196/ralph-nader-1783_america_in-the-meantime-the-big-corporations-are_79824.jpg) > [Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same…](https://sms4smile.com/quotes/ha-joon-chang/why-do-tax-havens-exist-because-rich-countries-allow-them-to-if-the-u/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) [Image](https://sms4smile.com/quotes/i/9ce/ha-joon-chang-3497_allow_why-do-tax-havens-exist-because-rich-cou_1915274.png) > [Tax arrangements can be incredibly complicated and are sometimes made deliberately so, which is why some people pay vast sums of money…](https://sms4smile.com/quotes/wes-streeting/tax-arrangements-can-be-incredibly-complicated-and-are-sometimes-made/) [Wes Streeting](https://sms4smile.com/quotes/author/wes-streeting/) [Image](https://sms4smile.com/quotes/i/3ab/wes-streeting-4857_complicated_tax-arrangements-can-be-incredibly-compl_1140602.jpg) > [By allowing super wealthy corporations and individuals to avoid paying their fair share of tax, tax havens are denying governments' revenue that…](https://sms4smile.com/quotes/winnie-byanyima/by-allowing-super-wealthy-corporations-and-individuals-to-avoid/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) [Image](https://sms4smile.com/quotes/i/efb/winnie-byanyima-4582_avoid_by-allowing-super-wealthy-corporations-a_1221889.png) > [Much of the blame for the situation lies with the states themselves. They haven't been able to pass decent laws. For decades,…](https://sms4smile.com/quotes/wolfgang-kubicki/much-of-the-blame-for-the-situation-lies-with-the-states-themselves/) [Wolfgang Kubicki](https://sms4smile.com/quotes/author/wolfgang-kubicki/) [Image](https://sms4smile.com/quotes/i/4e2/wolfgang-kubicki-60115_aggravating_much-of-the-blame-for-the-situation-lies_1093019.jpg) > [The financial system has to be regulated, we have to end with the tax havens, and it's necessary that the central banks…](https://sms4smile.com/quotes/luiz-inacio-lula-da-silva/the-financial-system-has-to-be-regulated-we-have-to-end-with-the-tax/) [Luiz Inacio Lula da Silva](https://sms4smile.com/quotes/author/luiz-inacio-lula-da-silva/) [Image](https://sms4smile.com/quotes/i/ef1/luiz-inacio-lula-da-silva-1160_cannot_the-financial-system-has-to-be-regulated_1431459.jpg) > [Developing countries can make great strides towards more progressive and effective taxation and spending through action within their own borders. But the…](https://sms4smile.com/quotes/winnie-byanyima/developing-countries-can-make-great-strides-towards-more-progressive/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) [Image](https://sms4smile.com/quotes/i/5b1/winnie-byanyima-4582_action_developing-countries-can-make-great-stri_386006.png) > [It isn't only rich countries that suffer from the effects of tax havens. Developing countries also lose billions of dollars in tax…](https://sms4smile.com/quotes/jose-angel-gurria/it-isn-t-only-rich-countries-that-suffer-from-the-effects-of-tax/) [Jose Angel Gurria](https://sms4smile.com/quotes/author/jose-angel-gurria/) [Image](https://sms4smile.com/quotes/i/597/jose-angel-gurria-5076_developing_it-isn-t-only-rich-countries-that-suffer_2305362.png) > [In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was…](https://sms4smile.com/quotes/david-cay-johnston/in-1990-about-1-percent-of-american-corporate-profits-were-taken-in/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) [Image](https://sms4smile.com/quotes/i/d66/david-cay-johnston-10155_economic_in-1990-about-1-percent-of-american-corp_2263097.jpg) > [I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We need a…](https://sms4smile.com/quotes/martin-schulz/i-want-to-end-tax-dumping-states-that-have-a-common-currency-should/) [Martin Schulz](https://sms4smile.com/quotes/author/martin-schulz/) [Image](https://sms4smile.com/quotes/i/3d3/martin-schulz-2953_being-responsible_i-want-to-end-tax-dumping-states-that-ha_235053.jpg) > [“But Amazon is not alone in its avoidance of taxes. Bloomberg Businessweek reports, “The tactics of Google and Facebook depend on ‘transfer…](https://sms4smile.com/quotes/jonathan-taplin/but-amazon-is-not-alone-in-its-avoidance-of-taxes-bloomberg/) [Jonathan Taplin](https://sms4smile.com/quotes/author/jonathan-taplin/) [Image](https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg) > [Transparency and effective tax co-operation must be shared principles applied by all. Until they are, nations will need to protect themselves against…](https://sms4smile.com/quotes/jose-angel-gurria/transparency-and-effective-tax-co-operation-must-be-shared-principles/) [Jose Angel Gurria](https://sms4smile.com/quotes/author/jose-angel-gurria/) [Image](https://sms4smile.com/quotes/i/ee1/jose-angel-gurria-5076_loss_transparency-and-effective-tax-co-operat_2491707.png) > [African countries lose the most from tax dodging. African governments must, therefore, do more to push for a full reform of the…](https://sms4smile.com/quotes/winnie-byanyima/african-countries-lose-the-most-from-tax-dodging-african-governments/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) [Image](https://sms4smile.com/quotes/i/58b/winnie-byanyima-4582_action_african-countries-lose-the-most-from-tax_2544014.png) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/tax-havens/#itemlist", "name": "Tax Havens Quotes", "numberOfItems": 19, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of globalisation, such as tax havens.", "creator": { "@type": "Person", "name": "Jose Angel Gurria" }, "url": "https://sms4smile.com/quotes/jose-angel-gurria/if-we-want-a-stronger-cleaner-and-fairer-world-economy-we-need-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/95d/jose-angel-gurria-5076_economics_if-we-want-a-stronger-cleaner-and-fairer_3046449.png", "contentUrl": "https://sms4smile.com/quotes/i/95d/jose-angel-gurria-5076_economics_if-we-want-a-stronger-cleaner-and-fairer_3046449.png", "url": "https://sms4smile.com/quotes/i/95d/jose-angel-gurria-5076_economics_if-we-want-a-stronger-cleaner-and-fairer_3046449.png", "width": 1080, "height": 1080, "caption": "“If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of…” — Jose Angel Gurria", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "If corporations and rich people who made fortunes out of us during the boom are not paying their fair share then reform the tax system and close down the tax havens.", "creator": { "@type": "Person", "name": "John McDonnell" }, "url": "https://sms4smile.com/quotes/john-mcdonnell/if-corporations-and-rich-people-who-made-fortunes-out-of-us-during/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/51e/john-mcdonnell-5730_corporations_if-corporations-and-rich-people-who-made_2594951.jpg", "contentUrl": "https://sms4smile.com/quotes/i/51e/john-mcdonnell-5730_corporations_if-corporations-and-rich-people-who-made_2594951.jpg", "url": "https://sms4smile.com/quotes/i/51e/john-mcdonnell-5730_corporations_if-corporations-and-rich-people-who-made_2594951.jpg", "width": 1080, "height": 1080, "caption": "“If corporations and rich people who made fortunes out of us during the boom are not paying their fair share…” — John McDonnell", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "The secreting of wealth in tax havens is often justified as 'legitimate tax planning.'", "creator": { "@type": "Person", "name": "Prashant Bhushan" }, "url": "https://sms4smile.com/quotes/prashant-bhushan/the-secreting-of-wealth-in-tax-havens-is-often-justified-as/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d2c/prashant-bhushan-6062_legitimate_the-secreting-of-wealth-in-tax-havens-is_2044606.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d2c/prashant-bhushan-6062_legitimate_the-secreting-of-wealth-in-tax-havens-is_2044606.jpg", "url": "https://sms4smile.com/quotes/i/d2c/prashant-bhushan-6062_legitimate_the-secreting-of-wealth-in-tax-havens-is_2044606.jpg", "width": 1080, "height": 1080, "caption": "“The secreting of wealth in tax havens is often justified as 'legitimate tax planning.'” — Prashant Bhushan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "We will also target tax evasion and off-shore tax havens... Everyone must pay their share.", "creator": { "@type": "Person", "name": "George Osborne" }, "url": "https://sms4smile.com/quotes/george-osborne/we-will-also-target-tax-evasion-and-off-shore-tax-havens-everyone/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ce7/george-osborne-3998_and-off_we-will-also-target-tax-evasion-and-off_2594.png", "contentUrl": "https://sms4smile.com/quotes/i/ce7/george-osborne-3998_and-off_we-will-also-target-tax-evasion-and-off_2594.png", "url": "https://sms4smile.com/quotes/i/ce7/george-osborne-3998_and-off_we-will-also-target-tax-evasion-and-off_2594.png", "width": 1080, "height": 1080, "caption": "“We will also target tax evasion and off-shore tax havens... Everyone must pay their share.” — George Osborne", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "We want to put a stop to tax havens. We want results on this, with a list of tax havens and a series of consequences.", "creator": { "@type": "Person", "name": "Nicolas Sarkozy" }, "url": "https://sms4smile.com/quotes/nicolas-sarkozy/we-want-to-put-a-stop-to-tax-havens-we-want-results-on-this-with-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b20/nicolas-sarkozy-12291_consequence_we-want-to-put-a-stop-to-tax-havens-we-w_1633900.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b20/nicolas-sarkozy-12291_consequence_we-want-to-put-a-stop-to-tax-havens-we-w_1633900.jpg", "url": "https://sms4smile.com/quotes/i/b20/nicolas-sarkozy-12291_consequence_we-want-to-put-a-stop-to-tax-havens-we-w_1633900.jpg", "width": 1080, "height": 1080, "caption": "“We want to put a stop to tax havens. 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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.", "creator": { "@type": "Person", "name": "Ha-Joon Chang" }, "url": "https://sms4smile.com/quotes/ha-joon-chang/why-do-tax-havens-exist-because-rich-countries-allow-them-to-if-the-u/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9ce/ha-joon-chang-3497_allow_why-do-tax-havens-exist-because-rich-cou_1915274.png", "contentUrl": "https://sms4smile.com/quotes/i/9ce/ha-joon-chang-3497_allow_why-do-tax-havens-exist-because-rich-cou_1915274.png", "url": "https://sms4smile.com/quotes/i/9ce/ha-joon-chang-3497_allow_why-do-tax-havens-exist-because-rich-cou_1915274.png", "width": 1080, "height": 1080, "caption": "“Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the…” — Ha-Joon Chang", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Tax arrangements can be incredibly complicated and are sometimes made deliberately so, which is why some people pay vast sums of money to put their funds in offshore tax havens like Panama, which is notoriously secretive.", "creator": { "@type": "Person", "name": "Wes Streeting" }, "url": "https://sms4smile.com/quotes/wes-streeting/tax-arrangements-can-be-incredibly-complicated-and-are-sometimes-made/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3ab/wes-streeting-4857_complicated_tax-arrangements-can-be-incredibly-compl_1140602.jpg", "contentUrl": "https://sms4smile.com/quotes/i/3ab/wes-streeting-4857_complicated_tax-arrangements-can-be-incredibly-compl_1140602.jpg", "url": "https://sms4smile.com/quotes/i/3ab/wes-streeting-4857_complicated_tax-arrangements-can-be-incredibly-compl_1140602.jpg", "width": 1080, "height": 1080, "caption": "“Tax arrangements can be incredibly complicated and are sometimes made deliberately so, which is why some…” — Wes Streeting", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "By allowing super wealthy corporations and individuals to avoid paying their fair share of tax, tax havens are denying governments' revenue that could and should be spent on schools, healthcare, and other essential services.", "creator": { "@type": "Person", "name": "Winnie Byanyima" }, "url": "https://sms4smile.com/quotes/winnie-byanyima/by-allowing-super-wealthy-corporations-and-individuals-to-avoid/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/efb/winnie-byanyima-4582_avoid_by-allowing-super-wealthy-corporations-a_1221889.png", "contentUrl": "https://sms4smile.com/quotes/i/efb/winnie-byanyima-4582_avoid_by-allowing-super-wealthy-corporations-a_1221889.png", "url": "https://sms4smile.com/quotes/i/efb/winnie-byanyima-4582_avoid_by-allowing-super-wealthy-corporations-a_1221889.png", "width": 1080, "height": 1080, "caption": "“By allowing super wealthy corporations and individuals to avoid paying their fair share of tax, tax havens…” — Winnie Byanyima", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Much of the blame for the situation lies with the states themselves. They haven't been able to pass decent laws. For decades, tax authorities have been taking aim at the phenomenon of tax havens, and the most aggravating thing is that they aren't just in Bermuda or on the Cayman Islands, but right outside our front door.", "creator": { "@type": "Person", "name": "Wolfgang Kubicki" }, "url": "https://sms4smile.com/quotes/wolfgang-kubicki/much-of-the-blame-for-the-situation-lies-with-the-states-themselves/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4e2/wolfgang-kubicki-60115_aggravating_much-of-the-blame-for-the-situation-lies_1093019.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4e2/wolfgang-kubicki-60115_aggravating_much-of-the-blame-for-the-situation-lies_1093019.jpg", "url": "https://sms4smile.com/quotes/i/4e2/wolfgang-kubicki-60115_aggravating_much-of-the-blame-for-the-situation-lies_1093019.jpg", "width": 1080, "height": 1080, "caption": "“Much of the blame for the situation lies with the states themselves. They haven't been able to pass decent…” — Wolfgang Kubicki", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "The financial system has to be regulated, we have to end with the tax havens, and it's necessary that the central banks in the world should control a little bit the banks' financing because they cannot bypass a certain range of leverage.", "creator": { "@type": "Person", "name": "Luiz Inacio Lula da Silva" }, "url": "https://sms4smile.com/quotes/luiz-inacio-lula-da-silva/the-financial-system-has-to-be-regulated-we-have-to-end-with-the-tax/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ef1/luiz-inacio-lula-da-silva-1160_cannot_the-financial-system-has-to-be-regulated_1431459.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ef1/luiz-inacio-lula-da-silva-1160_cannot_the-financial-system-has-to-be-regulated_1431459.jpg", "url": "https://sms4smile.com/quotes/i/ef1/luiz-inacio-lula-da-silva-1160_cannot_the-financial-system-has-to-be-regulated_1431459.jpg", "width": 1080, "height": 1080, "caption": "“The financial system has to be regulated, we have to end with the tax havens, and it's necessary that the…” — Luiz Inacio Lula da Silva", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "Developing countries can make great strides towards more progressive and effective taxation and spending through action within their own borders. But the damage caused by exemptions, loopholes, and tax havens requires action beyond national borders - it requires international action and cooperation.", "creator": { "@type": "Person", "name": "Winnie Byanyima" }, "url": "https://sms4smile.com/quotes/winnie-byanyima/developing-countries-can-make-great-strides-towards-more-progressive/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5b1/winnie-byanyima-4582_action_developing-countries-can-make-great-stri_386006.png", "contentUrl": "https://sms4smile.com/quotes/i/5b1/winnie-byanyima-4582_action_developing-countries-can-make-great-stri_386006.png", "url": "https://sms4smile.com/quotes/i/5b1/winnie-byanyima-4582_action_developing-countries-can-make-great-stri_386006.png", "width": 1080, "height": 1080, "caption": "“Developing countries can make great strides towards more progressive and effective taxation and spending…” — Winnie Byanyima", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Jose Angel Gurria" }, "url": "https://sms4smile.com/quotes/jose-angel-gurria/it-isn-t-only-rich-countries-that-suffer-from-the-effects-of-tax/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/597/jose-angel-gurria-5076_developing_it-isn-t-only-rich-countries-that-suffer_2305362.png", "contentUrl": "https://sms4smile.com/quotes/i/597/jose-angel-gurria-5076_developing_it-isn-t-only-rich-countries-that-suffer_2305362.png", "url": "https://sms4smile.com/quotes/i/597/jose-angel-gurria-5076_developing_it-isn-t-only-rich-countries-that-suffer_2305362.png", "width": 1080, "height": 1080, "caption": "“It isn't only rich countries that suffer from the effects of tax havens. Developing countries also lose…” — Jose Angel Gurria", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 15, "item": { "@type": "Quotation", "text": "In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll be up to 20-25 percent very quickly. It's a major problem. Fundamentally, we have a tax system designed for a national, industrial, wage economy, which is what we had in the early 1900s. We now live in a global, asset-based, services world. And we need to have a tax system that follows the economic order or it's going to interfere with economic growth, it's going to reduce people's incomes, and it's going to damage the US.", "creator": { "@type": "Person", "name": "David Cay Johnston" }, "url": "https://sms4smile.com/quotes/david-cay-johnston/in-1990-about-1-percent-of-american-corporate-profits-were-taken-in/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d66/david-cay-johnston-10155_economic_in-1990-about-1-percent-of-american-corp_2263097.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d66/david-cay-johnston-10155_economic_in-1990-about-1-percent-of-american-corp_2263097.jpg", "url": "https://sms4smile.com/quotes/i/d66/david-cay-johnston-10155_economic_in-1990-about-1-percent-of-american-corp_2263097.jpg", "width": 1080, "height": 1080, "caption": "“In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By…” — David Cay Johnston", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 16, "item": { "@type": "Quotation", "text": "I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We need a minimum tax rate and a European finance minister, who would be responsible for closing the tax loopholes and getting rid of the tax havens inside and outside the EU. It is also clear that we have to reach common standards in our economic and labor policies. We cannot continue to just talk about technical details. We have to inspire enthusiasm in Germany for Europe.", "creator": { "@type": "Person", "name": "Martin Schulz" }, "url": "https://sms4smile.com/quotes/martin-schulz/i-want-to-end-tax-dumping-states-that-have-a-common-currency-should/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3d3/martin-schulz-2953_being-responsible_i-want-to-end-tax-dumping-states-that-ha_235053.jpg", "contentUrl": "https://sms4smile.com/quotes/i/3d3/martin-schulz-2953_being-responsible_i-want-to-end-tax-dumping-states-that-ha_235053.jpg", "url": "https://sms4smile.com/quotes/i/3d3/martin-schulz-2953_being-responsible_i-want-to-end-tax-dumping-states-that-ha_235053.jpg", "width": 1080, "height": 1080, "caption": "“I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We…” — Martin Schulz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 17, "item": { "@type": "Quotation", "text": "“But Amazon is not alone in its avoidance of taxes. Bloomberg Businessweek reports, “The tactics of Google and Facebook depend on ‘transfer pricing,’ paper transactions among corporate subsidiaries that allow for allocating income to tax havens while attributing expenses to higher-tax countries. Such income shifting costs the U.S. government as much as $60 billion in annual revenue, according to Kimberly A. Clausing, an economics professor at Reed College in Portland, Oregon.” At a time when both local and federal governments are putting off needed infrastructure improvements because of tax revenue shortfalls, the tax avoidance schemes of our richest technology companies are partially to blame.”", "creator": { "@type": "Person", "name": "Jonathan Taplin" }, "url": "https://sms4smile.com/quotes/jonathan-taplin/but-amazon-is-not-alone-in-its-avoidance-of-taxes-bloomberg/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg", "contentUrl": "https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg", "url": "https://sms4smile.com/quotes/i/610/jonathan-taplin-20430_federal-government_but-amazon-is-not-alone-in-its-avoidance_3202962.jpg", "width": 1080, "height": 1080, "caption": "“But Amazon is not alone in its avoidance of taxes. 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Until they are, nations will need to protect themselves against loss of revenues to tax havens.", "creator": { "@type": "Person", "name": "Jose Angel Gurria" }, "url": "https://sms4smile.com/quotes/jose-angel-gurria/transparency-and-effective-tax-co-operation-must-be-shared-principles/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ee1/jose-angel-gurria-5076_loss_transparency-and-effective-tax-co-operat_2491707.png", "contentUrl": "https://sms4smile.com/quotes/i/ee1/jose-angel-gurria-5076_loss_transparency-and-effective-tax-co-operat_2491707.png", "url": "https://sms4smile.com/quotes/i/ee1/jose-angel-gurria-5076_loss_transparency-and-effective-tax-co-operat_2491707.png", "width": 1080, "height": 1080, "caption": "“Transparency and effective tax co-operation must be shared principles applied by all. Until they are…” — Jose Angel Gurria", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 19, "item": { "@type": "Quotation", "text": "African countries lose the most from tax dodging. African governments must, therefore, do more to push for a full reform of the global tax system and demand action from countries, such as the U.K., whose financial centres sit at the heart of the global network of tax havens.", "creator": { "@type": "Person", "name": "Winnie Byanyima" }, "url": "https://sms4smile.com/quotes/winnie-byanyima/african-countries-lose-the-most-from-tax-dodging-african-governments/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/58b/winnie-byanyima-4582_action_african-countries-lose-the-most-from-tax_2544014.png", "contentUrl": "https://sms4smile.com/quotes/i/58b/winnie-byanyima-4582_action_african-countries-lose-the-most-from-tax_2544014.png", "url": "https://sms4smile.com/quotes/i/58b/winnie-byanyima-4582_action_african-countries-lose-the-most-from-tax_2544014.png", "width": 1080, "height": 1080, "caption": "“African countries lose the most from tax dodging. 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