Sunday, July 29, 2012

NYT Magazine Covers Offshore Bank Accounts

Article here. The author set up his own account using online services and information he mailed in. While warned by the services about the law (or at least given a sort of limited disclosure), he made it clear that his goal was to avoid (i.e. dodge) taxes. The services he was involved with had no problem with that. He describes how he did it -- it took him almost no time at all -- the banking secrecy he received, and the phenomenal amount of money that is apparently kept in banks "off shore."

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