From the Blogs: Singapore — haven for money and fugitives
Source: Getting at the truth (John Harding), 09 May 2009
Singapore will be added to the OECD’s list of non-cooperative tax centers (money haven) by the Organization for Economic Cooperation and Development (OECD).
The OECD estimates that Singapore has 370 billion dollars in money haven deposits.
Singapore is not just a haven for money launderers and tax cheats; it is an extradition-free country for crooks from nearby countries.
Singapore avoids extradition treaties with its neighboring countries, so that regional crooks can flee to Singapore — bringing their money.
Read the full article: Singapore — haven for money and fugitives
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