March 27, 2019

Media Blackout as Israel’s Largest Banks Pay over $1 Billion in Fines for US Tax Evasion Schemes

 
 Similar revelations about other banks and offshore tax-evasion schemes — such as those contained in the Panama Papers — led to global protests and even the resignations of some world leaders


***
Israel’s three largest banks — Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank — have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes.

2 comments:

  1. A billion sound great but by my math they need to collect 26,000 times that to pay the national debt off.

    ReplyDelete


The Recaptcha is disabled because most of you are not robots.