How JPMorgan Chase & Co. (JPM), Citibank (C) & Others Avoid Taxes

Category: Markets / Finance / Sep 05, 2013 6:22PM EDT

John A. Germinario, chief executive officer of Global Securities Services Corporation (GSS), discusses depositary receipts and their negative effects on global investor portfolios. Global Securities Services Corporation, “The Depositary Receipt Watchdog,” so far has published two newsletters in 2013 claiming depository banks have used U.S. taxpayer funds to buy depositary receipt programs.