Some 30 nations sill decline to share bank information with foreign tax authorities. They have no laws against tax evasion. Thus, about $12 trillion remains hidden by the offshore banking industry. And Americans who squirrel assets abroad fail to pay about $100 billion a year in taxes. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.