Secrecy has been the catalyst feeding Financial Terrorism.
The Offshore and Lux leaks was a shock to many politician demanding to end bank secrecy rules.
A. Offshore leaks on April 2013 (c. 130,000 customers)
B. Lux leaks on November 2014 (c. 500 corporates/companies)
China's leader Xi Jinping campaign for "0-tolerance on corruption" and U.S. leader Barack Obama campaign against "0-tolerance on tax refugees" will be beneficial for the global economy and will improve drastically the extreme poverty.
China, U.S. and the EU leaders are facing big challenges on the "war" against global "Financial Terrorism".
The wealth accumulation by the "micronity" (= 1% or less of the top wealthy individuals) has reached the climax.
How many of them are involved on corruption and tax avoidance?
How many trillions of assets has been hided in tax heavens?
How many billions has been laundered by the "banksters"?
Why corporate transfer price schemes are aloud?
How to tax "Bitcoin" businesses?