Washington Post Quotes David Rosenbloom on Americans with Offshore Interests

The Washington Post

The Paradise Papers — the trove of 13.4 million documents leaked largely from the files of Appleby, a Bermuda-based law firm — detail the many ways the biggest corporations and richest individuals use tax havens to avoid taxes, obscure ownership and hide financial transactions.

. . .

“Nothing here is necessarily illegal,” H. David Rosenbloom, an international tax lawyer at Caplin & Drysdale and a former senior Treasury tax official, told Bloomberg News. “There’s nothing illegal about Americans having either an offshore account or an interest in an offshore company.”

For the full article, please visit The Washington Post’s website.

Excerpt taken from the article “Republican Tax Bills Would be Paradise for Plutocrats” by Katrina vanden Heuvel for The Washington Post.


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