US CONGRESS PRESENTS FURTHER MEASURES AGAINST TAX-DODGERS

Thursday, October 29, 2009

Future measures against tax havens and offshore tax-dodgers were revealed Tuesday in US Congressional tax committees. A new bill has been dreamed up to stop US citizens from hiding their cash in secret bank accounts, and also hopes to raise USD8.5Bn over the next decade. The legislation follows attempts by US authorities to break open bank secrecy, which resulted in the promise of the names of 4,450 offshore account holders.

http://www.forbes.com/2009/10/27/tax-haven-crackdown-business-beltway-congress.html

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