Report Says U.S. Is World's Second-Biggest Tax Haven
Joshua Bolten Says Tax Overhaul Good For Whole Economy
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The U.S. is the world’s second-largest tax haven, behind Switzerland and just ahead of the Cayman Islands, according to a report released Tuesday.
The Financial Secrecy Index, an assessment of global financial centers compiled by the Tax Justice Network, a left-leaning research and advocacy group, bumped up the U.S. from its No. 3 spot in 2015 -- the last time the study was conducted -- following its increased share of the global market for offshore financial services.