- Matthew Gardner: The problem of financial secrecy applies to the United States, too
- That's especially in states where hiding behind a shell company is easy, he says
- A study calls the U.S. the third-biggest offender when it comes to financial secrecy, tax evasion
Matthew Gardner is the executive director of The Institute on Taxation and Economic Policy, an arm of Citizens for Tax Justice, a public interest research and advocacy organization focusing on tax policies and their impact. The opinions expressed in this commentary are his.
(CNN)Anonymous shell corporations and secret bank accounts are vital resources for those engaged in tax evasion and money laundering. But this web of secrecy has started to crumble in recent years due in part to revelations from whistle-blowers embedded in this complex web of tax havens and fake corporations.