{"id":15249,"date":"2014-02-28T04:40:05","date_gmt":"2014-02-28T03:40:05","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=15249"},"modified":"2014-02-28T04:40:05","modified_gmt":"2014-02-28T03:40:05","slug":"addressing-inequality-transparency-in-offshore-deposits","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/addressing-inequality-transparency-in-offshore-deposits\/","title":{"rendered":"Addressing Inequality:  Transparency in Offshore Deposits"},"content":{"rendered":"<p>Senator Carl Levin has been probing Swiss banks compliance with US demands for transparency. \u00a0Over and over again Senators asked, &#8220;Why would someone who lives in the US deposit money offshore?&#8221;<\/p>\n<p>The Department of Justice notes its investigations have helped spur voluntary disclosures by U.S. taxpayers through an Internal Revenue service program, started in 2009, that offers reduced penalties for people who owe back taxes, interest and penalties.<\/p>\n<p>\u201cThe prospect of U.S. prosecution has been forceful enough to cause 43,000 taxpayers to self-report and pay nearly $6 billion in taxes and penalties,\u201d the Justice Department said.<\/p>\n<p>This is the kind of probe and litigation that will help reduce inequality.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/money\/la-fi-mo-credit-suisse-tax-evasion-levin-senate-20140225,0,7882434.story#ixzz2uaFuvJF4\"><br \/>\n<\/a><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/addressing-inequality-transparency-in-offshore-deposits\/the-prospect-of-jail\/\" target=\"_blank\" rel=\"attachment wp-att-15250\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-15250\" alt=\"The Prospect of Jail\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/02\/The-Prospect-of-Jail-300x286.jpg\" width=\"300\" height=\"286\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/02\/The-Prospect-of-Jail-300x286.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/02\/The-Prospect-of-Jail.jpg 637w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Carl Levin has been probing Swiss banks compliance with US demands for transparency. \u00a0Over and over again Senators asked, &#8220;Why would someone who lives in the US deposit money offshore?&#8221; The Department of Justice notes its investigations have helped &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/addressing-inequality-transparency-in-offshore-deposits\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-15249","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Senator Carl Levin has been probing Swiss banks compliance with US demands for transparency. 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