Dar Al Hayat, 21 Apr 2009, Michel Morkos
"Meanwhile, the OECD estimates that the 116-square-kilometer Jersey island attracts 500 billion dollars in assets of approximately 32 thousand companies, whose accounts are mostly mail boxes. Switzerland attracts 1,500 billion dollars, compared with 1,300 billion dollars for Britain, 740 billion dollars for Luxemburg, 670 billion dollars for the Caribbean and Central America, 370 billion dollars for Singapore, 370 billion dollars for the United States and 150 billion dollars for Hong Kong."
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"In the opinion of the American expert Raymond Baker, tax havens get 5% of their resources from crime proceeds, 30% from corruption, while the remaining percentage comes from embezzlement, fraud and tax evasion. Hence, tax havens are not only open to outlaws and mafia gangs, but also to the elite and highly educated customers. Among them are the multinational high-income people who refuse to pay their due taxes and prefer that senior wage earners in their companies do so instead."
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