Credit Suisse in Trouble with U.S.

Credit Suisse in Trouble with U.S.

Credit Suisse was supposed to report undisclosed offshore accounts belonging to American citizens, in an international agreement to curb tax evasion. They haven’t been following through. A two-year investigation by U.S. authorities has shown that employees at...
$2.1 Trillion Held Offshore by Fortune 500 Companies

$2.1 Trillion Held Offshore by Fortune 500 Companies

According to two non-profit blogs, Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund, Fortune 500 companies hold a combined $2.1 trillion dollars in offshore accounts to avoid paying taxes on those funds. Companies like Apple,...