The weak link  – Cleaning up trusts and similar entities will hurt money-launderers, but it will need a lot of political will

Political / Economic Commentary, Tax Planning for Singapore, U.S. Tax Planning /

http://www.economist.com/news/international/21589462-cleaning-up-trusts-and-similar-entities-will-hurt-money-launderersbut-it-will-need-lot WHEN Mark Morris, a Zurich-based tax consultant with a conscience, requested a meeting with the European Commission to explain the many devious ways in which tax evaders were using shell companies and other vehicles, a bored official offered him 20 minutes. “Once I started describing all the loopholes,” Mr Morris recalls, “his eyes lit […]

The weak link  – Cleaning up trusts and similar entities will hurt money-launderers, but it will need a lot of political will Read More »