He's released 2010, he'll be releasing 2011. There was full disclosure, there's no tax advantages to being offshore.Reaaaaaaaaaaally now? No tax advantages to having offshore accounts? Then what pray tell, is the point of having such accounts to begin with?
As the Huffington Post reported the other day, offshore tax havens cost the federal government $100 billion every year:
As the CALPIRG report notes, many household-name corporations, including Goldman Sachs, General Electric, Exxon Mobil and Google, take advantage of offshore accounts, often saving billions in taxes in the process.Of course, one presumes having the ability to save a person/corporation money is one reason why tax havens are referred to as tax havens!