TV News LIES

Saturday, Apr 19th

Last update07:12:44 AM GMT

You are here News Economy Super rich hold $32 trillion in offshore havens

Super rich hold $32 trillion in offshore havens

E-mail Print PDF

Super richRich 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.

The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.

More...


Most Recent Related Stories...


Trump's China Tariff Shocks U.S. Importers. One CEO Calls It 'End Of Days.'

Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational...

Trump threatens additional 50 percent tariff on China

Xi JinpingPresident Trump on Monday threatened to impose a 50 percent tariff on imports from China, a...

Trump pauses reciprocal tariffs for 90 days, ups China's levy to 125%

tariff warPresident Donald Trump on Wednesday − in the latest twist of the tariff saga that has...

Trump tariffs live updates: China retaliates with 34% tariff as Trump digs in, vows to 'never change' policies

tariffs startPresident Trump has played down the shock impact of his tariff shift on markets, which kept...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!