Offshore accounts cripple economies

April 18, 2013 

I was watching KVIE, our public broadcasting station, when they broke a story regarding the secret files of offshore accounts and their global impact on national economies, including our own. They estimate that these funds hold one-third of global wealth. Imagine the impact if those funds were handled honestly and taxed. I can hardly wait to see coverage in The Bee of this hidden wealth and how it is going to be accounted for.

The International Consortium of Investigative Journalists have delved into about 20 percent of the names of those holding the accounts so far.

KATHY MUNOZ

Modesto

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