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View Diary: Gigantic Journalistic Investigation Begins Ripping Mask Off Bank Secrecy (89 comments)

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  •  They're naming names (1+ / 0-)
    Recommended by:
    mrkvica

    of people with offshore accounts. The link for the second Guardian story tells us who used offshore accounts to buy up London property, helping make the city unaffordable for all but the rich.

    •  are those offshore accounts illegal? how so? (0+ / 0-)

      if not, what's the story? the point is all this diarist says is there's a 'huge' investigation about to take place but doesn't seem that way based on anything in the diary

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Wed Nov 28, 2012 at 08:16:23 PM PST

      [ Parent ]

      •  It depends (0+ / 0-)

        For U.S. citizens, having an offshore account is not illegal. However, not reporting an offshore account with over $10,000 in it is a crime. Using offshore accounts to avoid taxes in a perfectly legal way is immoral. Using offshore accounts to evade taxes is obviously a crime. I can't comment on what's legal for citizens of other countries. You might want to check out Tax Research UK or the Tax Justice Network.

        I'm confused by your statement that it doesn't seem like any investigation is taking place. Did you not click on the links to the Guardian stories?

        •  no I didn't (0+ / 0-)

          I expect a diary to have a minimal amount of information in it to understand it without having to go somewhere else (at least make the point of what is in the link)

          I'm confused by your statement that it doesn't seem like any investigation is taking place. Did you not click on the links to the Guardian stories?
          It depends? So who even knows if your claim that a 'gigantic' investigation is going on? Maybe or maybe not but you certainly don't support your catchy and inflammatory headline. But it was certainly worth a lot of clicks.

          "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

          by eXtina on Thu Nov 29, 2012 at 05:34:34 AM PST

          [ Parent ]

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