Published on November 16, 2017 | by LawNews
Prof. Norman Silber Interviewed by Yale Daily News About Offshore Nonprofit Investing
Yale Reportedly Named in Paradise Papers
Yale Daily News
Nov. 13, 2017
But despite the legality of using offshore vehicles, some experts voiced concerns about transparency.
“We don’t think there is any sin, if you will, about trying to avoid paying taxes,” Silber said. “We are concerned about transparency and the risk taking by the universities and the financial officers, which is really hard to understand and hard to get to.”
Silber said using offshore vehicles makes it difficult even for universities’ boards of directors to know where endowments are invested.
Read the full article on the Yale Daily News website.