Apr. 13, 2013
Offshore account leak of 'epic proportions'
Global transparency is coming if it isn't already upon us. And with the intersection of technology, Twitter, WikiLeaks and the like, it isn't just telling Uncle Sam about your foreign assets. Soon the whole world will know.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Talking of the Swiss banking scandals of 2008 and 2009 can seem almost quaint. Most lawyers and business people know at least one person who was impacted by the systemic peeling back of secrecy that began with UBS and that spread like wildfire to other Swiss banks and other countries. The unexpected and revolutionary transparency impacted tax havens and non-tax havens alike.
It also brought on a near hysteria in certain ethnic communi...
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