Nowhere to run to, Nowhere to hide

The US is tightening its grip on offshore centres’ ability to ‘hide’ money from the US authorities. The firepower that the US has to uncover assets has grown steadily and the recent experiences in Liechtenstein have shown that US investors should not try to avoid paying US tax, not only on moral grounds but on the fact that the long arm will find them eventually. We enclose an excellent article by Bill Sharp explaining how this long arm was extended over Liechtenstein.