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.
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“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.
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“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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