Thursday, October 29, 2009

Tax Evasion at Home

This article posted on the Time Magazine website was really interesting in my opinion. The US, as the article points out, has done a pretty good job of late finding all of those who hide there money overseas to prevent a large hike in taxes, and i think its great they started finally working on this problem. But whats really weird is how our own banks help those evading taxes in countries to store money secretly. One statistic is that "70% of professionals and 40% large businesses " represent most of the 4.1 billion annually flowing illegally out of mexico. I think its time for America to step up to problems on our end of are neighbors issues, not just our own, or soon even our closest allies may not want to co-operate with us.

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