TV News LIES

Friday, Apr 28th

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...


Trump's first tariffs: Canada's lumber imports

US puts tariffs on Canadian lumberPresident Donald Trump imposed the first tariffs of his administration, up to 24.1 percent aimed at...

US gained only 98,000 jobs in March, putting a chill on Trump's promises

Jobs report very disappointing in MarchThe US economy added just 98,000 jobs in March as a cold snap, a government hiring...

Data Dive: U.S. confidence in economy at lowest point since November: Gallup

US confidence in economy tumblesConfidence in the U.S. economy is at its lowest point in five months, Gallup reports.The polling...

Trump touts Charter hiring that was in works for two years

Charter hiring goes back two yearsU.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in...
 
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!