21 September 2013

WSJ - Offshore Accounts: No Place to Hide?

The U.S.'s intense crackdown on tax evasion is entering a new phase.

What a difference a few years can make.

For decades U.S. tax authorities did little to enforce laws on offshore accounts. Some people felt free to hide assets abroad in a web of secret accounts, and many U.S. citizens living abroad didn't bother to file returns with Uncle Sam as long as they paid local taxes.


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