Banks, wealthy individuals and corporations like to sell this story: they're simply following the law. While there's certainly a lot of that I also think there'

Banks, wealthy individuals and corporations like to sell this story: they're simply following the law. While there's certainly a lot of that I also think there's an awful lot of outright fraud and tax evasion. Look at the Swiss bank BSI settling criminal charges with the US where BSI admitted they would deliver debit cards full of cash to clients without names on them. That's not legal. It's repatriation of funds into the US thus making the money taxable in the US. Here's another example: http://arstechnica.com/tech-policy/2014/10/how-eas-jet-setting-founder-avoided-26-million-in-taxes/ http://arstechnica.com/tech-policy/2014/10/how-eas-jet-setti... I applaud the Panama Papers whistle-blower. The veil of secrecy is used to hide way too much. Just look at the TPP/TIPP negotiations as a prime example. We now have a financial system that seems willing to be criminal accomplices to fraud. I have to applaud the US for going after these banks.