Tuesday, November 3, 2015

Number Three and Climbing

The US has overtaken Singapore, Luxembourg and the Cayman Islands as an attractive haven for super-rich individuals and businesses looking to shelter assets behind a veil of secrecy, according to a study by the Tax Justice Network (TJN).

The US is ranked third, behind Switzerland and Hong Kong, in the financial secrecy index, produced every two years by TJN.

[...]

“Though the US has been a pioneer in defending itself from foreign secrecy jurisdictions it provides little information in return to other countries, making it a formidable, harmful and irresponsible secrecy jurisdiction,” the TJN report said.

[...]

“The US has not seriously addressed its own role in attracting illicit financial flows and supporting tax evasion,” the TJN report found.

  Guardian

What a surprise.

...but hey, do what you want...you will anyway.

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