Off-Shore Tax Evasion Is Talked About But How Widespread Is It?
The IRS and the Recording Industry Association of America share one thing in common; if they ever actually collected all of the estimated money they claim they are owed, they could buy a small country with it. With the RIAA, they always made piracy projections under the assumption that every illegal download imaginable was a lost sale and the IRS believes every business and resident exists to fund their coffers.
One recent claim is that billions of dollars are lost to "round-tripping", where an investor moves money offshore and then invests with the offshore money in US equity and debt…