WHY DO

Bearer bonds are a quick easy way to raise money as they act like an IOU. They were quite preferably used for illegal purposes until the Tax Equity and Fiscal Responsibility Act of 1982 that outlawed the new issuance of bearer bonds in the US. What Is Bearer Bond And Why The Us Banned It Recordsfinder Using bearer bonds for dodging taxes also became quite more popular after World War I. Why are bearer bonds illegal . The use of bearer bonds for avoiding taxation became more popular after World War I and illegal activity involving bearer bonds continued over the following decades until various nefarious criminal activities involving bearer bonds resulted in the Tax Equity and Fiscal Responsibility Act of 1982 which outlawed any new issuance of bearer bonds. Bearer bonds are debt instruments issued by governments and corporations that are not registered to any owner. They were quite preferably used for illegal purposes until the Tax Equity and Fiscal Responsibility Act of 1982 that o...