Hirunews Logo
Super-rich+%27hiding%27+at+least+%2421+trillion
Monday, 23 July 2012 - 9:42
Super-rich 'hiding' at least $21 trillion
7

Shares
905

Views

According to a major study the global super-rich elite had at least $21 trillion hidden in secret tax havens by the end of 2010.

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 for the UK Tax Justice Network.

Henry used data from the Bank of International Settlements, International Monetary Fund, World Bank, and national governments.

His study deals only with financial wealth deposited in bank and investment accounts, and not other assets such as property.

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Click here to Comment
Hide Comment Box
News Image
Hiru News Programme Segments
2,905 Views
1,403 Views
634 Views
36,437 Views
6,247 Views
33,400 Views
Top