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Wouldn't a logical next step to extend this to all countries that USA + EU trades with? Banking moves slowly, so it will take many years, but I don't think Panama will be able to hide stuff in 50 years from now.

If they can strongarm the Swiss, why shouldn't they be able to do it to a lot of other countries who want to trade with USA+EU ?

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In my personal opinion individuals entirely hiding their assets from their native governments is a thing of the past. Why hide your assets and risk going to jail when you could just pay a consulting firm a fixed amount of money to optimize your tax rate and deductibles to the point where you essentially pay nothing at all.

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