Cayman News Service has blown the lid on one of the biggest lies of recent years about tax havens / secrecy jurisdiction.  It’s been claimed since 2009 that tax information exchange agreements – promoted by the Organisation for Economic Cooperation and Development as the way to tackle tax haven abuse – mean that tax havens are now ‘open and transparent places’. Those most
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There’s a new report out on the secrecyjurisdictions.com web site. It’s entitled Key Data Report 4: Number of banks, accountants and lawyers. The report does exactly what its title says: it looks at the number of banks, lawyers and accountants in each of the secrecy jurisdictions surveyed. As the report notes: Having a large number
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I have noted the American Bar Associations submission to the Senate hearing on incorporation and financial crime today. Jack Blum of Tax Justice Network USA also gave evidence. He said in response to his fellow lawyers: Some members of the bar are concerned that imposing AML responsibility of lawyers who act as incorporation agents will
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I have been reading more of the evidence submitted to the Senate Committee on Homeland Security and Governmental Affairs hearing on Business Formation and Financial Crime. That of the American Bar Association is shocking. They say (and I have edited their submission by eliminating but not changing text): The ABA supports all reasonable and necessary
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