Tax avoidance by the world's wealthiest people has become a political hot button: Heard all the hoopla about Mitt Romney parking his millions in places like the Cayman Islands and Switzerland? While those moves may be legal, they point to a bigger issue. Until recently, governments around the world couldn't do much about tax dodging by wealthy citizens who squirreled their riches abroad. But with public coffers running dry in a bleak economy, U.S. and European governments have become more aggressive about chasing down tax evaders. The U.S. is using new legal tactics to lead the charge, partly because the world's...
Take the Money and Run
U.S. authorities are ramping up the war on offshore tax havens
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