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Originally posted by Frankidealist35
This kind of behavior does nothing but help promote the stereotype that rich people only care about money and power.
I mean come on...
It's not just a Swiss thing. As watchdogs get a taste for pursuing tax scams, they are exploring some intriguing findings by the Government Accountability Office. A 2008 GAO study shows that 83 of the top publicly held U.S. companies have set up operations in such tax havens as the Cayman Islands, Bermuda, and the Virgin Islands. In addition, 14 of the corporations with operations in tax-haven countries are beneficiaries of the current $700 billion government bailout, including American International Group (AIG), Bank of America, Citigroup and Morgan Stanley.
Originally posted by arizonascott
reply to post by DimensionalDetective
Gee, I wonder if any share holders from comanies like Halliburton, Like say Richard Cheney have funds in one of those off shore tax shelters.
Could get ugly
Disclosing client names under Swiss law is a criminal offense and can expose bank executives and officers to fines, prison terms and other penalties.