Digital Empire

Questions You Should be Asking the World Around You

U.S. Third Biggest Tax Haven on the Globe.

panama trade deal

So, which country is the biggest perpetrator of institutionalized corruption?

Bloomberg:

Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.

His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments.

Some are calling it the new Switzerland.

w w w . bloomberg . com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states

Guardian:

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.

w w w . theguardian . com/politics/2015/nov/02/united-states-overtakes-caymans-singapore-tax-haven-financial-secrecy-index

 

 

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This entry was posted on 04/08/2016 by in NA and tagged , , , , , .

Questions You Should be Asking the World Around You

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