TV News LIES

Monday, Oct 13th

Last update07:19:26 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 announces 100 percent tariff on China in response to rare earth controls

100% tariff on ChinaPresident Trump announced Friday he will raise tariffs on China in response to a move from...

The Federal Reserve’s independence is about to be tested like never before

Jay PowellThe time has come to ban the “revolving door” between the White House and the Federal...

Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January

lisa CookThe Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal...

US inflation rises in August as firms pass Trump tariffs cost on to consumers

Inflation rising as consumers pay tarrifsInflation rose slightly in August as companies continued to push the cost of tariffs on to...
 
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!