Monday, July 23, 2012

Super-rich 'hiding' at least $21tn



A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study.

The figure is equivalent to the size of the US and Japanese economies combined.
The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network.

http://www.bbc.co.uk/news/business-18944097

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