Monday, July 23, 2012

Tax havens: Super-Rich Hiding At Least $21 Trillion

The BBC reports Tax havens: 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."

"Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn."

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