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Closed for Business: Shutting Down the US as an Offshore Tax Haven
David Marchant
Posted: Thursday, May 16, 2019
Joined: 9/13/2007
Posts: 1277


New York Law Journal: While U.S. taxpayers think of Switzerland and Caribbean islands as tax havens, many foreign nationals use U.S.-based vehicles to evade their own tax obligations. In this edition of his Tax Litigation Issues column, Jeremy H. Temkin discusses a recent filing seeking “John Doe summonses” based upon a treaty request from Finland, which serves as a reminder that offshore tax evasion is not a uniquely American problem.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.