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

Ladies and gentlemen… $1 trillion dollars

Notice those pallets are double stacked… and remember those are $100 bills. The red dot on the left is a person standing next to the pallets to put it in perspective.

Take the image above and multiply it up to 32 times and you have a heck of a lot of cash hidden offshore…

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

LONDON, July 22 (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.

Rest here…

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One Response to “Super-Rich Hold Up To $32 Trillion In Offshore Havens: Report”
  1. If anybody wants to know were all the money is…..

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