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#1242829 - 09/01/09 04:27 PM Bank secrecy haven countries
AnnRoy Offline
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AnnRoy
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Where can I find a list of bank secrecy haven countries?
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#1243286 - 09/02/09 02:55 AM Re: Bank secrecy haven countries AnnRoy
rlcarey Online
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Well, you can scratch Switzerland off the list smile

Actually that is a good question. I actually have never seen a compiled list. I think you could put one together from the activity advisories:

http://www.fincen.gov/financial_institutions/advisory.html
Last edited by rlcarey; 09/02/09 03:05 AM.
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#1243294 - 09/02/09 11:18 AM Re: Bank secrecy haven countries rlcarey
Kathleen O. Blanchard Offline

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FATF has good info. While there are no countries on the non-cooperative list right now, there is updated info in the April 2009 newsletter.

http://www.fatf-gafi.org/document/4/0,3343,en_32250379_32236992_33916420_1_1_1_1,00.html
Last edited by John Burnett; 09/02/09 05:06 PM. Reason: created url
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#1243880 - 09/02/09 07:18 PM Re: Bank secrecy haven countries Kathleen O. Blanchard
AnnRoy Offline
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Thanks Randy and Kaybee!
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#1244204 - 09/03/09 12:03 PM Re: Bank secrecy haven countries AnnRoy
Hrothgar Geiger Offline
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Originally Posted By: AnnRoy
Where can I find a list of bank secrecy haven countries?


You can try the INCSR comparative table , particularly the columns for "Cooperates w/International Law Enf." and "Mutual Legal Assistance".

The Organization for Economic Cooperation and Development maintains a list of Uncooperative Tax Havens. Currently, no countries are listed on it, as all previously listed countries have made commitments to greater financial transparency. (You can take that for whatever it's worth.)

And finally, both the International Monetary Fund and the Financial Stability Forum publish lists of Offshore Financial Centers (a concept frequently confused with 'tax haven'). One list includes the United States (think Delaware) and the other does not.

NOTE- I don't have the proposed legislation in front of me, but the proposed bill to combat off-shore tax evasion contains within it a list of countries.
Last edited by Hrothgar Gieger; 09/03/09 12:38 PM. Reason: remembered something after posting...
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#1244209 - 09/03/09 12:19 PM Re: Bank secrecy haven countries Hrothgar Geiger
Kathleen O. Blanchard Offline

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Thank you. How could we forget this.
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#1244364 - 09/03/09 02:33 PM Re: Bank secrecy haven countries Kathleen O. Blanchard
Retread Offline
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This is one list I have seen, and it is the one we currently use.

110th CONGRESS
1st Session
S. 681
To restrict the use of offshore tax havens and abusive tax shelters to inappropriately avoid Federal taxation, and for other purposes.
IN THE SENATE OF THE UNITED STATES
February 17, 2007


`(E) INITIAL LIST OF OFFSHORE SECRECY JURISDICTIONS- For purposes of this paragraph, each of the following foreign jurisdictions, which have been previously and publicly identified by the Internal Revenue Service as secrecy jurisdictions in Federal court proceedings, shall be deemed listed by the Secretary as an offshore secrecy jurisdiction unless delisted by the Secretary under subparagraph (F)(ii):
`(i) Anguilla.
`(ii) Antigua and Barbuda.
`(iii) Aruba.
`(iv) Bahamas.
`(v) Barbados.
`(vi) Belize.
`(vii) Bermuda.
`(viii) British Virgin Islands.
`(ix) Cayman Islands.
`(x) Cook Islands.
`(xi) Costa Rica.
`(xii) Cyprus.
`(xiii) Dominica.
`(xiv) Gibraltar.
`(xv) Grenada.
`(xvi) Guernsey/Sark/Alderney.
`(xvii) Hong Kong.
`(xviii) Isle of Man.
`(xix) Jersey.
`(xx) Latvia.
`(xxi) Liechtenstein.
`(xxii) Luxembourg.
`(xxiii) Malta.
`(xxiv) Nauru.
`(xxv) Netherlands Antilles.
`(xxvi) Panama.
`(xxvii) Samoa.
`(xxviii) St. Kitts and Nevis.
`(xxix) St. Lucia.
`(xxx) St. Vincent and the Grenadines.
`(xxxi) Singapore.
`(xxxii) Switzerland.
`(xxxiii) Turks and Caicos.
`(xxxiv) Vanuatu.

I have not had time to review it completely, but here is another source of information on tax havens that is more current.

http://assets.opencrs.com/rpts/R40623_20090709.pdf

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#1247648 - 09/09/09 10:38 PM Re: Bank secrecy haven countries Retread
AnnRoy Offline
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OMG!!! Retread, you're making my head swim......when will this end??????

It seems there just more stuff to keep up with!!!!

THANKS for the info!
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