[30 Apr 2013 | No Comment | ]
The Future of Offshore Tax Havens in Question

Cook Island- a paradise for some, a bank account for the wealthy
In this report by the Government Accountability Office the GAO sought to get to the bottom of why tax evaders are still able to hide billions from tax collectors and the IRS. The lengthy 72 page PDF identifies data from the past 10 years where discrepancies show that the IRS failed to detect many undisclosed offshore accounts. Due to the recent financial sequester the IRS is hoping to tap in to illegal offshore tax accounts and punish federal tax evaders.  Since December 2012 …

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