San Diego, CA (PRWEB) June 13, 2012
A new article by San Diego attorney Robert J. Mintz of the Asset Protection Law Center, examines the successful effort by the IRS to shut down secret accounts in Switzerland and the offshore tax havens. According to Mr. Mintz, these accounts, previously invisible to the prying eyes of tax collectors, creditors and future ex-spouses, have long been attractive cash magnets for the super rich and even the merely wealthy. But now for U.S. residents, these anonymous and private accounts have been closed down and shuttered for good as the U.S. Government battles budget deficits and tax evasion with a renewed and vigorous attack against the bank secrecy havens.
Did the IRS really "win" the war against bank secrecy?
Are offshore accounts still legal for U.S. citizens?
Do offshore accounts ever serve a legitimate financial purpose?
In the June 2012 issue of the Asset Protection Newsletter, Mr. Mintz examines these questions and details the legal and financial consequences of the Government's attack on bank secrecy. A complete copy of the article can be found here.