This sounds like a good start

Bloomberg reported today that 14,700 Americans have disclosed offshore accounts subject to taxation. That’s about 28% of the 52,000 the IRS was originally interested in, but hey, it’s a start.

We’re pretty sure that we don’t have any PNCP member with offshore accounts created for tax-evasion purposes, but we are looking into it to be positive. OK, maybe some of our people, and maybe some contributors, have offshore accounts, but they’re completely legitimate–really.

Really, they are.

Funny how we haven’t heard a single word from the URW about any of this.