U.S. named top bank secrecy haven; Asset recovery experts agree

Thursday, November 05, 2009

The Tax Justice Network, an internationally-known group that advocates financial transparency and the restriction of bank secrecy jurisdictions, this week named the United States as the world's top bank secrecy haven, citing the opacity of financial transactions in certain states, such as Delaware. Given U.S. lawmakers' vocal criticism of tax havens, the designation may seem strange. But asset recovery experts interviewed for this story say the Tax Justice Network's criticisms are on ...