From NPR: Tax Evaders Beware: Money's Getting Harder To Hide

by Jim Zarroli - All Thing Considered

August 8, 2012

Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to hide the money, since he reported the account to the government.

Even so, he closed the account at a time when the federal government was in the middle of a major crackdown on offshore tax havens — a crackdown that has made it harder for Americans to hide their money overseas.

The amount of money stashed in offshore tax havens is staggering. A recent report from The Tax Justice Network estimates it's as much as $31 trillion worldwide — and that's just an educated guess.

After all, tax havens are, by their very nature, secretive.

Rest Here: http://www.npr.org/2012/08/08/158441566/tax-evaders-beware-moneys-getting-harder-to-hide?ft=1&f=1006,1017,1018,1019,1020,1025,1027,1049,1128,1131

The Tax Justice Network Report: http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf