In a series of articles we are taking a look at offshore, secret bank accounts and how the US government crippled international banking privacy laws, and in so doing, how it single-handedly transformed world banking. Later we will take a detailed look at how that affects US citizens living and working abroad.
Secret, offshore bank accounts have been estimated to be worth over $8.5 trillion US dollars and to cost the US government between $100 billion and $250 billion every year in lost taxes. The Swiss banking industry managed to amass a financial empire estimated to be over...
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