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Leaked Documents Shed New Light on Tax Havens

Monday, April 08, 2013

A leaked trove of 2.5 million financial records shed new light on the murky world of offshore tax havens and finance. The International Consortium of Investigative Journalists obtained the documents and has collaborated with a number of news organizations to interpret them. Washington Post reporter Scott Higham looks at the ways wealthy American citizens use offshore finance to their advantage. He's written the article "Piercing the Secrecy of Offshore Tax Havens."

Guests:

Scott Higham

Comments [2]

J from NY

Can your guest comment on non-wealthy people with family in both countries (the U.S. and elsewhere) who may face large fines for not meeting the very complex reporting requirements that not many know about.

Apr. 08 2013 01:21 PM
Josh from Brooklyn

I moved to the US from Canada several years ago, and still have bank accounts in that country. Every year, the IRS requires me (by law) to send them a form stating the value of my overseas accounts, which I do. Do the people with offshore accounts simply not file this form?

Apr. 08 2013 01:21 PM

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