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[quote=Anonymous][quote] A global index published Tuesday ranks the United States as the world's leading perpetrator of financial secrecy, citing the country's refusal to share key information with the tax authorities of other nations and its status as a generous tax haven for foreign oligarchs, rich executives, and other elites.

The ranking comes despite U.S. President Joe Biden's campaign-trail pledge to "bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies."[/quote]

https://fsi.taxjustice.net/

https://www.washingtonpost.com/business/interactive/2021/booming-us-tax-haven-industry/

While noting that some progress has been made over the past year and a half—specifically Congress' passage of a ban on anonymous shell companies, entities often used to hide illicit cash—TJN found that "the U.S. now fuels more global financial secrecy than Switzerland, Cayman, and Bermuda combined."

TJN also stressed that the shell company law enacted in January 2021 is riddled with loopholes such as "limited definitions of which legal entities and beneficial owners must register, 23 baked-in exemptions to registration, and an absence of requirements on all trusts."

To improve on its dismal ranking, TJN urged the U.S. to "reciprocally exchange information with other countries by adopting the Common Reporting Standard and become a party to amended Convention on Mutual Administrative Assistance in Tax Matters," steps that "would cut its supply of financial secrecy to the world by 40%."

So issue is Biden is part of that problem.  So are the long term politicians in office.  They all make money from it….meanwhile the Biden IRS wanted to monitor accounts over 600 bucks…so they get people like you and I.

Biden and his son enriched themselves by this corrupt cash as well[/quote]

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