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Thursday, November 14, 2024

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens

A handful of extremely wealthy US taxpayers holds trillions of dollars in foreign accounts, much of it in tax havens and through partnerships, according to a new study based on data reported to the IRS by foreign financial institutions. Since 2015, the Foreign Account Tax Compliance Act (FATCA) has …

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