“While the United States has pioneered powerful ways to defend itself against foreign tax havens, it has not seriously addressed its own role in attracting illicit financial flows and supporting tax evasion,” the report said. The authors criticised the US for its “independent-minded approach” to cracking down on tax evasion, money laundering and financial crime.
Delaware, Nevada and Wyoming were highlighted as hot spots for secretive “shell” companies, with nominee officers and directors who serve as a front for the actual, hidden owners.