Richard Cornelisse

Tax havens: Super-rich ‘hiding’ at least $21tn

In Tax News on 22/07/2012 at 8:27 pm

A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study.

The figure is equivalent to the size of the US and Japanese economies combined.

The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for by the Tax Justice Network.

Read more: Tax havens: Super-rich ‘hiding’ at least $21tn | Nieuwszender voor Directe Belastingen.

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