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there is no implicit statement here by what somebody is doing by sending their money offshore is necessarily illegal, is that correct? that s correct. that s one of the biggest things our investigation raises is that much of what happens offshore, much of the shifting of profits and income to these tax havens is perfectly legal. there are, of course, a lot of compliance issues offshore. these are jurisdictions that in addition to providing, you know, appleby s wealthy clients low or no taxes, also another big important aspect of this is that they tax havens like the cayman islands, british islands and the founding island of bermuda are also known as secrecy jurisdictions which provide clients a deep degree of privacy. they re liable for lawsuits or people will try to come after them and they want to keep their money safe. appleby has given a statement ....
Behind. you know, since the financial crisis more than 100 million people, mostly women and children, have been pushed into extreme poverty, and these are the people that he s referencing. this is a central part of his message, and i think what s been so exciting is how specific and technical this particular pope is on these economic issues, that we need to change the structures. he s so specific, in fact, in his daily homilies, in his weekly addresses on sunday in saint peter square. he regularly references issues like corporate tax avoidance, corruption, public budget transparency, the need to stop secrecy jurisdictions, the need to stop the savage behavior of a small group of hedge funds that get their profits by exploiting poor populations. i mean, he s a popular pope with a popular message, but what really makes the holy father very unique is how specific and technical he s getting as he did at the united nations yesterday. ....