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Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues...
In round-tripping, American citizens open bank accounts in tax havens such as the Cayman Islands. They funnel money into the accounts and then use it to buy stocks and bonds back in the U.S...
In round-tripping, American citizens open bank accounts in tax havens such as the Cayman Islands. They funnel money into the accounts and then use it to buy stocks and bonds back in the U.S...
