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Shelley Stark

Shelley Stark is the author of Hidden Treuhand: How Corporations and Individuals Hide Assets and Money, published by Universal Publishers, Boca Raton, FL. Also available through Amazon, Barnes and Noble Bookstores, and the British Bookshop.

Stories from Shelley Stark

No Law, No Crime
Analysis suggests a connection between the financial crisis and tax havens
Shelley Stark
01/11/2009

While many continue to blame the sub-prime mortgage crisis in the US for the financial crisis, it is becoming increasingly obvious that tax havens play a contributing role. These havens, especially in Austria, Liechtenstein, Luxemburg, and Switzerland foster the availability – and protection – of hidden ‘Treuhand’ accounts. These are a special form of trusts created in tax havens that operate under very different rules than other forms of custodial accounts.

Banking Secrecy
Treuhand accounts obviate new OECD tax evasion rules
Shelley Stark
01/10/2009

“Bank Secrecy Bites the Dust in Europe” – Newsweek. “Switzerland, Luxembourg, Austria Loosen Secrecy Rules” – Bloomberg. “Tax Havens Give in to EU Pressure” – Spiegel ONLINE. Has banking secrecy finally come to an end? This is what newspapers seem to be saying. But is it true, or should these headlines be punctuated with a question mark?

The Organization for Economic Cooperation and Development (OECD) wants tax havens to participate in new international tax agreements aimed at creating more transparency.

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