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This isn't the first time the IRS has threatened to crack down on off-shore tax evaders, and except for rules that have the effect of harassing honest tax payers that happen to have and report off-shore income, I haven't seen or heard of any noteworthy results other than the recent case involving a Swiss bank.  Maybe something worthwhile will occur this time.

I can swear there ain't no heaven but I pray there ain't no hell. _ Blood Sweat & Tears
by Gringo (stargazing camel at aoldotcom) on Wed Apr 22nd, 2009 at 04:47:01 PM EST
the last G20 resulted in an agreement
on how all the G20 countries were going to deal with this --
primarily about making secret accounts public
to the source countries.

This is why the Tax Evaders are "in a panic" about what  to do now --
and their Accountants, and Lawyers are advising
"Pay your Taxes"

the links above go into this, in some detail
(struck me a new worthy)

thanks all for the feedback

by jamess on Wed Apr 22nd, 2009 at 10:43:09 PM EST
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