Washington Post Quotes David Rosenbloom on Americans with Offshore Interests

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.”

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