Humphrey blog posts

Trillions hidden in offshore accounts

Robert Kudrle discusses the large sums of money passing through "financial black holes."

Nations that benefit from taxes and bank fees on offshore accounts have no self-interest in helping developed countries track down hidden money, said Robert Kudrle, a professor at the University of Minnesota. "Nobody really wants to do anything, other than stay one step ahead of the sheriff."

Pittsburgh Tribune
July 8, 2012

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Hubert H. Humphrey Institute of Public Affairs