04 March 2008

GAO is on Juncket to Caymans

They are actually going to the Cayman islands on legitimate business...no...really...I mean it.

Congress had decided to go after tax havens, and they have sent GAO investigators, and they will be visiting the infamous Ugland House, corporate headquarters for 12,748 companies.

Good for Congress, and good for GAO, it's investigative arm.

If the Republicans were in charge, this would never have happened, because they believe that, "only little people pay taxes."

FWIW, offering bounties for tax cheats, as German investigators did with records of trusts in Lichtenstein, would be a very good thing.

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