2 ms·
"if not corrupt then access to the international markets obviously" ? That is not a 'benefit' of hidden bank accounts. "US and the UK offer the same opaque ta
by jollybean 6y ago
"if not corrupt then access to the international markets obviously"
? That is not a 'benefit' of hidden bank accounts.
"US and the UK offer the same opaque tax evading capabilities to non-citizens"
They don't really. Nations have tax treaties to avoid this kind of stuff. While there are loopholes etc. it's not going to be a good idea to keep stolen money in London, it will get frozen.
"So focus on the corrupt person" - the corruption is enabled by banking secrecy. A big focus on corruption is going after hidden networks.
- vmception 6y agoAll the “tax haven” countries have treaties and information sharing agreements that can result in freezing assets You are conflating several concepts: If you don’t want assets frozen then don’t use banks, they haven't been necessary for an entire decade. Bearer-everything is back in vogue.