This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
Government policies protect them. Societal costs are huge. Tax justice is absent. Hotel magnate Leona Helmsley once said only little people pay taxes. TJN's report bears her out.
A vast "global offshore industry" is explained. It's largely tax-free. It's controlled by the world's richest, most powerful elites. Estimating amounts secreted takes tedious data mining.
Previous estimates relied more on rough judgments. TJN used several methods. They include available data sources, estimation methods, and core assumptions. They're open to peer review and public scrutiny.
Four key approaches were used:
(1) A "sources-and-uses" country-by-country model.
(2) An "accumulated offshore wealth" model.
(3) An "offshore investor portfolio" model.
(4) Best-guess estimates of offshore assets held by the world's top 50 private banks.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).