Manhattan DA uses Liechtenstein tax evasion scandal to attack Cayman

Singling out the Cayman Islands, Manhattan District Attorney Robert Morgenthau has called upon the world’s developed countries to impose “severe sanctions” on offshore financial centers.
In a letter to the New York Times, Morgenthau claimed that OFCs cost the U. S. alone $70 billion annually in revenue that was lost due to tax evasion.