Why few Americans turned up in the 'Panama Papers'
https://www.yahoo.com/finance/news/panama-papers-why-no-americans-193702690.html#
Wealthy potentates from several dozen countries have been identified as global tax evaders in the intriguing “Panama Papers” scandal. But one country is almost entirely absent from the files: the United States.
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It turns out that rich Americans have less need for tax havens than their comrades elsewhere. “People in other countries pay a lot more in taxes than we do,” says international tax expert Lee Sheppard, contributing editor at Tax Analysts. “In other countries, nearly every rich person has a tax haven bank account. Proportionately, the United States doesn't have as large a problem.”
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(Entire article is at the link. Zim.)
Mad Poet Strikes Again.
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