Study: Super-Rich Hiding $21 Trillion In Offshore Tax Havens

http://www.motherjones.com/mojo/2012/07/super-rich-trillions-offshore-tax-havens


Study: Super-Rich Hiding $21 Trillion In Offshore Tax Havens

—By Josh Harkinson
| Mon Jul. 23, 2012 11:57 AM PDT

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"Mitt Romney isn't alone. The world's wealthiest citizens have socked away a mind-blowing amount of money in offshore tax havens: Likely around $21 trillion, but as much as $32 trillion. That's according to a new report from the Tax Justice Network, a British think tank. To put that in perspective, the combined gross domestic products of the United States and Japan are around $21 trillion.

This gargantuan stash of money belongs to fewer than 10 million people, and $9.8 trillion of it belongs to just 100,000 people, the Tax Justice Network estimates. Here are the countries that are losing the most money to offshore tax havens "

If the link doesn't work, cut and paste it. Also Google "rich Trillion offshore" for several sources.