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kleinbl00  ·  2915 days ago  ·  link  ·    ·  parent  ·  post: 2.6TB (1500 x Wikileaks) Of Data On Offshore Asset Obfuscation Examined By The ICIJ

So one of the things in Piketty's Capital that none of the pundits picked up on was the observation that between 40 and 70% of the wealth in the world is unreported, hidden in offshore accounts... and that one aspect of the USA PATRIOT Act that gets very little play is it beefed the fuck out of the Bank Secrecy Act such that the USA has the most viciously stringent investigation and seizure instruments in the world. He even argued that one of the reasons for the past decade of US prosperity was the fact that the US treasury department actually had the instruments and reach necessary to force compliance with its foreign disclosure requirements, radically increasing the amount of taxes the US was able to collect on monies held in foreign accounts.

2.6 TB of "here's where the money is" might be of interest to the Treasury Department.