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Super rich hiding up to $32 trillion offshore

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Headlined to None 7/22/12
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At www.aljazeera.com

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280bn in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

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At www.aljazeera.com


 

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Books for the Progressive reader and the Revolutio... by Paul Del Gatto on Monday, Jul 23, 2012 at 10:00:25 AM
The Swiss witch hunt of recent history (catching 4... by Paul Repstock on Monday, Jul 23, 2012 at 10:44:37 AM
I am certain that money is being hidden offshore. ... by Paul Craig Roberts on Monday, Jul 23, 2012 at 10:52:16 AM
can be instrumental in calling for legislation, no... by Lester Shepherd on Monday, Jul 23, 2012 at 12:55:55 PM
We are all so confused by the scale of the numbers... by Paul Repstock on Monday, Jul 23, 2012 at 8:42:39 PM