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Banks Are the Largest Abusers of Offshore Tax Havens
Posted By admin On May 6, 2009 @ 3:32 am In Money Watch | Comments Disabled
Washington’s Blog 
Wednesday, May 6, 2009
Enron was lambasted for using offshore tax havens  and complicated corporate structures to avoid paying taxes.
But the big banks are worse.
As the Financial Times notes :
In recent separate surveys by the US Government Accountability Office and the Tax Justice Network, the largest user of tax havens in every country surveyed was a bank. Tax authorities have enormous problems puzzling out these structures. If they can, it is often hard to characterise them as shams.
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URL to article: http://www.prisonplanet.com/banks-are-the-largest-abusers-of-offshore-tax-havens.html
URLs in this post:
 Washington’s Blog : http://www.washingtonsblog.com/2009/05/banks-are-largest-abusers-of-offshore.html
 offshore tax havens: http://www.nytimes.com/2002/01/17/business/enron-s-collapse-the-havens-enron-avoided-income-taxes-in-4-of-5-years.html
 notes: http://www.ft.com/cms/s/0/96ec9414-39a6-11de-b82d-00144feabdc0.html
 Image: http://www.prisonplanet.tv/subscribe.html
 Banks, Global Elite Confirmed to Hold $32 Trillion in Offshore Accounts: http://www.prisonplanet.com/banks-global-elite-confirmed-to-hold-32-trillion-in-offshore-accounts.html
 Banks Use Your Bailout Funds As “MOB” Tax Havens: http://www.prisonplanet.com/banks-use-your-bailout-funds-as-mob-tax-havens.html
 The Shadow Banking System: A Third Of All The Wealth In The World Is Held In Offshore Banks: http://www.prisonplanet.com/the-shadow-banking-system-a-third-of-all-the-wealth-in-the-world-is-held-in-offshore-banks.html
 The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks: http://www.prisonplanet.com/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-banks.html
 US banks receive threatening letters: http://www.prisonplanet.com/us-banks-receive-threatening-letters.html
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