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Kid Berwyn

(14,863 posts)
5. Transparent as the Cayman Islands.
Thu Dec 10, 2020, 08:25 PM
Dec 2020

From 2012:



Super rich hold $32 trillion in offshore havens

By Reuters Staff
July 22, 2012

LONDON (Reuters) - 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.

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.

He used data from the World Bank, International Monetary Fund, United Nations and central banks.

Continues...

https://www.reuters.com/article/us-offshore-wealth/super-rich-hold-32-trillion-in-offshore-havens-idUSBRE86L03U20120722



Imagine the numbers are even more mesospheric today.
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