There are now several Brock commenters who have brought to light what we have already known in the years of Brock commentary — the hypocrisy in the subject of US tax evasion provided by the USA itself: Tax Justice Network’s *Financial Secrecy Index – 2015 Results*.
The US has jumped from sixth place to third in the Financial Secrecy index, which is prepared by the Tax Justice Network (TJN) every two years. It is estimated that between $21 and $32 trillion worth of private financial wealth resides in so-called tax havens across the globe, where they are untaxed or lightly taxed.
While TJN noted that “most countries’ secrecy scores have improved,” the United States is the “greatest” concern and is “more of a cause” for worry than any other individual country.
“Our analysis also reveals that the United States is the jurisdiction of greatest concern, having made few concessions and posing serious threats to emerging transparency initiatives,” the TJN said in a press release.
The United States is one of the few countries whose secrecy score has worsened since the previous survey in 2013.
“The US stays a tax haven, and undermines global co-operation,” the TJN concluded.
Don says; we can agree:
Perhaps the Trudeau Government should be reminded about Canada’s place on the Secrecy Index – 29th.
The USA is the 3rd most secret banking country in the world behind Switzerland, and Hong Kong.
The US should put its own house in order before going to countries like Canada.
badger provides RT *Question More* “Tax haven: US ‘threatens’ global efforts to fight tax evasion, financial crimes”.
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist comes from a Tom Alciere comment earlier today.
Both Barbara and The Mom provided The Guardian’s US overtakes Caymans and Singapore as haven for assets of super-rich, which was also highlighted in a query/comment at ADCS-ADSC, saying
*Please make this hypocrisy known as widely as possible*.