In wake of ICIJ revelations, offshore expert Jeffrey Robinson calls for less emotion

Jeffrey Robinson, bestselling author and money laundering expert, says offshore is the symptom, not the problem
By: jeffreyrobinson.com
 
May 16, 2013 - PRLog -- In the wake of the offshore/tax evasion revelations published this month by the International Center for Investigative Journalists (ICIJ) - “Secrecy for Sale” - the bestselling author of THE LAUNDRYMEN, THE MERGER, THE SINK and  THE TAKEDOWN, all books which expose money laundering in the offshore world, is calling for a less emotional reaction.

"Had the ICIJ journalists had the time," he says, "and the specialized knowledge to look deeper, they would have uncovered an even more sinister world. But my argument is not with the group’s reporting, although I find some of it over-simplistic and, at times, slightly emotional. Nor do I have any trouble condemning the sale of sovereignty to reap profits from money laundering, drug trafficking, public corruption, corporate corruption, fraud, illicit arms dealing and other illegalities. Nor do I make allowances for tax evasion and tax avoidance abuse. My problem is with the semi-hysterical reaction to the report which so blatantly points at a symptom of a very real and very serious problem, and not necessarily to the problem itself."

That problem, he insists, is not the fact that the offshore world exists, but that "idiotic tax loopholes and avoidance incentives in the home countries feed it. The tax laws are the real problem, not the tax haven islands."

His full comments, in blog form:

TAX HAVENS –-- THE HOW AND WHY, WITHOUT THE SEMI-HYSTERIA

are available on his Facebook page:
http://www.facebook.com/jeffreyrobinsonwriter

and on his blog: http://www.jeffreyrobinson.com/blog/

He invites comments and RTs on his Twitter account: @writingfactory

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Source:jeffreyrobinson.com
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Tags:Tax Evasion, Money Laundering, Offshore, Banking
Industry:Banking, Government
Location:United States
Subject:Reports
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