BVI and other jurisdictions to lose money for the US

According to the article from Bloomberg Businessweek, by Jesse Drucker, the US is becoming the “leading tax and secrecy haven for rich foreigners”, as it remained one of a few countries not to have signed on to an international standards preventing wealthy individuals from tax evasion. So, they move their bank accounts from traditional offshore jurisdictions like the British Virgin Islands, Bahamas, and others, to U.S. states of Nevada, South Dakota, and Wyoming.

For example, the trust company in Nevada, by financial services firm Rothschild & Co. Scott Cripps, informed Bloomberg that its wealthy customers were moving money out of traditional offshore tax havens into such jurisdictions as Nevada.

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