![](https://taxjustice.net/wp-content/uploads/2020/07/nicshax-1-150x150.jpg)
Nick Shaxson ■ Hedge funds versus tax collectors: quote of the day
![tax_justice_placeholder](https://taxjustice.net/wp-content/uploads/fly-images/9091/tax_justice_placeholder-1400x600-c.jpg)
From U.S. tax professor Victor Fleischer, in an article looking at how hedge funds and their managers use Bermuda reinsurance vehicles for their tax shenanigans:
“The chess match between tax collectors and fund managers will continue.
The top 25 hedge fund managers have one advantage, though. They made more than five times the income of all the federal, state and local tax examiners, collectors and revenue agents in the United States, combined.
That bit in bold is our quote of the day. Just think of all that lobbying power. It illustrates one of the problems with tackling tax avoidance by the world’s wealthiest individuals and corporations.
Related articles
![podcasts-new-look](https://taxjustice.net/wp-content/uploads/fly-images/17696/podcasts-new-look-380x210-c.png)
New Tax Justice Network podcast website launched!
![E-da-sua-conta-logo](https://taxjustice.net/wp-content/uploads/fly-images/16973/E-da-sua-conta-logo-380x210-c.jpg)
Como impostos podem promover reparação: the Tax Justice Network Portuguese podcast #54
![É-da-sua-conta-logo](https://taxjustice.net/wp-content/uploads/fly-images/4662/-da-sua-conta-logo-1-380x210-c.jpg)
Convenção na ONU pode conter $480 bi de abusos fiscais #52: the Tax Justice Network Portuguese podcast
![PHOTO-2023-06-29-09-40-30](https://taxjustice.net/wp-content/uploads/fly-images/16420/PHOTO-2023-06-29-09-40-30-380x210-c.jpg)
As armadilhas das criptomoedas #50: the Tax Justice Network Portuguese podcast
![Buildings and balconies in Panama city in the daytime - UNSPLASH Buildings and balconies in Panama city in the daytime](https://taxjustice.net/wp-content/uploads/fly-images/16392/Buildings-and-balconies-in-Panama-city-in-the-daytime-UNSPLASH-380x210-c.jpg)
The finance curse and the ‘Panama’ Papers
![Taxcast_Banner_No_Logo-03](https://taxjustice.net/wp-content/uploads/fly-images/10740/Taxcast_Banner_No_Logo-03-380x210-c.png)
Monopolies and market power: the Tax Justice Network podcast, the Taxcast
![Taxes simply artwork.](https://taxjustice.net/wp-content/uploads/fly-images/12370/Taxes-simply-artwork.-380x210-c.png)
Tax Justice Network Arabic podcast #65: كيف إستحوذ الصندوق السيادي السعودي على مجموعة مستشفيات كليوباترا
![ControPrivatisazione](https://taxjustice.net/wp-content/uploads/fly-images/15448/ControPrivatisazione-380x210-c.jpg)
Remunicipalización: el poder municipal: January 2023 Spanish language tax justice podcast, Justicia ImPositiva
![ofip_cover_original](https://taxjustice.net/wp-content/uploads/fly-images/15260/ofip_cover_original-380x210-c.jpg)
Hoja de ruta para un cambio en toda América Latina: December 2022 Spanish language tax justice podcast, Justicia ImPositiva
![Taxcast_Banner_No_Logo-03](https://taxjustice.net/wp-content/uploads/fly-images/10740/Taxcast_Banner_No_Logo-03-380x210-c.png)