I have written last year a couple of blog posts about this subject.
http://www.nestmann.com/government-stats-strike-again#.VQ0LgU1_lMt
Sadly, the article is from 2014. It is still relevant though- it should
be published in mainstream media again and again! But the world believes
what they want to believe, and when faced with such debt – even more so
and a feeding frenzy ensues.
Funny enough in 2001, it was $70 billion annually. By 2010,
the number was $100 billion. According to a recently published Senate
report, it’s now $150 billion.
That’s one hell of a jump. Either the rich are totally sticking it to
“the man,” or someone has been massaging the numbers just a tad.
Let’s look at the history, shall we?
The $70 billion figure originated with Jack Blum, an attorney and
former congressional researcher. Blum cited this figure in 2001, when he
signed an affidavit in support of an IRS summons for records from
MasterCard and American Express.
He never explained how he arrived at this number…he never had to either or was ever challenged.
http://www.fas.org/sgp/crs/misc/R40623.pdf
Tax Havens: International Tax Avoidance and Evasion
Jane G. Gravelle Senior Specialist in Economic Policy
January 15, 2015
Congressional Research Service
It has quite a history of Obama’s proposals in it. Together with a record of the known things such as Ex Patriot Act.
For the most effective use of this blog and the links, readers must have the background and skills to test the information by further research and analysis before reaching any conclusion as to its usefulness and correctness in actual situations. Legal advice is always individual, considering the unique facts and circumstances of each client and shaping legal advice and strategies for the particular client. That simply cannot happen on this blog.
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Those govt/media assumptions are what is scary and is the prejudice that is built into FBAR and OVDP.