CBSN

Wall Street Tax Dodge

Slate:
Wall Street's biggest banks cooked up elaborate "derivatives gimmicks" over the past decade to help their best foreign clients dodge the tax man, U.S. Senate investigators allege, the Wall Street Journal reports this morning. The racket cost the country $100 billion a year in unpaid taxes, the Senate Permanent Subcommittee on Investigations charges.
(read the article>)