TV News LIES

Monday, Dec 10th

Last update05:20:13 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...


Dow Jones drop adds to losses, weekly gloom for stock investors

Stocks falll again Stocks continued their brutal stretch of big price swings and steep declines Friday, capping a painful...

List of Lowe's stores closing: 20 stores will shut doors in US next year

20 Lowe's stores Lowe's will close 51 underperforming stores in North America, the company announced Monday. The move – which includes...

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump says he won't be prez when economy crashes Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of...

The national debt and the federal deficit are skyrocketing. How it affects you

US debt and deficit are risingThe national debt is $21 trillion and counting. The federal deficit soared last year to $779 billion...
 
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!