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Governments Vow to Find Tax Evaders Hiding Offshore Assets

Governments around the world are vowing to chase down the wealthy, powerful and famous who set up offshore bank accounts to hide their assets and possibly evade taxes, the immediate reaction to a massive investigative journalists' report. “What we see is that it’s very easy for people that want to hide their identity to set up secret shell companies in a variety of jurisdictions. And that’s essentially to hide their connection to the money,” said Maggie Murphy of anti-corruption...

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