World's biggest tax scam run by banks and corporations

THE TAX HAVEN RACKET:

The tax haven racket is the biggest scam in the world. It's run by the international banks with the cooperation of the world's financial powers for the benefit of corporations and the mega-rich.

Tax havens-also known as offshore financial centres-are places that operate secret bank accounts and shell companies that hide the names of the real owners from tax authorities and law enforcement. They use nominees, front men. Sometimes offshore incorporation companies set up the shells; sometimes the banks do it. Often someone will use a shell company in one jurisdiction that owns a shell in another jurisdiction that owns a bank account in a third. They call …