FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Detailed GAO Report shows how American tax evaders are using offshore tax havens
25 July 2008

Those readers who are following the activities of a US Congressional committee seeking to pass legislation that would seriously impact the ability of Americans to keep their wealth offshore should read the recently-released report of the Government Accountability Office entitled "Cayman Islands; Business and Tax Advantages attract US Persons and Enforcement Challenges Exist." The report details the offshore financial structure in place in the Cayman Islands, and its reportedly widespread use by US nationals.

The report may be accessed at: http://www.gao.gov/new.items/d08778.pdf

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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