Super-Rich Hold Up To $32 Trillion In Offshore Havens

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion 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. Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Jul 22, 2012 - 2:07 PM PDT
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Edited by: Dwight Rousu - Jul 22, 2012 - 2:08 PM PDT

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by Randy Morrow - Jul. 23, 2012

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  • Tax Havens Cause Poverty Pending

    Posted by Dwight Rousu
  • $21tn: hoard hidden from taxman by global elite

    • Study estimates staggering size of offshore economy • Private banks help wealthiest to move cash into havens A global super-rich elite has exploited gaps in cross-border ...
    Posted by Jack Powers