Offshore Tax Evasion Whistleblowers Growing

Rudolf M. Elmer ran the Caribbean operations of the Swiss bank Julius Baer for eight years until he was dismissed in 2002. via NYTimesGlobeTracker| Offshore tax cheaters should avoid large crowds of Americans these days. I don’t really believe America is headed for another Boston tea party, but tempers are raw between former middle-class types (now the have-nots) and the upper class (now the have more than ever.)

As Wall Street bonuses are announced, anyone swept into the growing number of whistle-blower cases, where financial execs of off-shore tax shelters are talking with global authorities should probably void lower Manhattan.

“It is a global problem, and I am only the messenger who provides the bad news, or even better, the truth,” Rudolph M. Elmer, former head of Caribbean operations for the Swiss bank Julius Baer, wrote in a recent e-mail message. “Offshore tax evasion is the biggest theft among societies and neighbor states in this world.” Read on: Swiss Banker Blows Whistle on Tax Evasion.