for all political candidates, elected officials, and heads of executive agencies.
U.S. residents are required by law to check a box on their income tax returns if they have any foreign financial accounts. But not every taxpayer follows the letter of the law.
Many politicians and high government officials frequently call for higher taxes on Americans, as do political leaders around the world on their citizens. As the Panama Papers have revealed, some of these same persons hold offshore accounts to reduce their own taxes. It's time for political leaders to put their personal financial behavior where their political mouth is.