The United States as a Haven for Privacy:
Since 2014, 97 jurisdictions have agreed to impose new disclosure requirements for bank accounts, trusts, and other investments held by international investors. Of the nations the OECD asked to sign on, only a few have declined. Those nations are Bahrain, Nauru, Vanuatu and the United States. Thus, with a stable economy as the backdrop, the United States has seen a huge influx of foreign investment and become one of the few remaining jurisdictions where advisers are actively promoting accounts that will remain secret from overseas authorities. As a result, at least for Non-US citizens, the United States has become the largest haven for privacy in the world.
While offering secrecy to Non-US citizens is not against the law, U.S. firms are not permitted to knowingly help overseas customers evade foreign taxes. Still, for clients with a legitimate need for secrecy, especially from countries where political instability can threaten a family's fortune, the United States offers a potentially attractive solution.
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