Bad News for Tax Evaders: U.S. Targets Caribbean Accounts
U.S. taxpayers who stashed money in one of the Caribbean's largest banks without telling the IRS could be in trouble.
U.S. taxpayers who stashed money in one of the Caribbean's largest banks without telling the IRS could be in trouble.
Corporations and wealthy individuals have already prepared for tax day by assiduously spending money in deliberate ways to minimize their tax liability.
Tax havens are big news in the U.S., but a recent study shows that, when it comes to offshoring cash to dodge taxes, Americans are amateurs. Globally, tax havens are used to hide an estimated $21 trillion, more than the entire U.S. GDP.
Hurricane Irene's swath through the Caribbean this week probably left many of the no-longer paradise-bound wondering: Should I have taken out travel insurance? At the peak of hurricane season, even experts who usually shun the coverage say you should consider the policies.
How long will it take Haiti to make even a modest recovery from the devastating earthquake that killed 330,000 people six months ago? At least 20 years, according to the Action Plan released by the impoverished island nation's government.
Tourism accounts for around 20% of Jamaican GDP, but the recent four-day gun battle in Kingston is having an impact well beyond where it happened. Tourists are scared off -- even from resorts far from the unrest -- ending what has been a great year so far.













