At least $21 trillion in unrecorded wealth held offshore by uber-rich
7/22/2012After you've carefully returned your popped eyeballs back into their sockets, insert a stick into your mouth to bite on for the revelation that $21tn is the conservative number. The amount of money being hidden by the world's super-rich, facilitated by an "industrious bevy of professional enablers" could be as much as $32tn, according to a study of 2010 figures. That said, postpone your tax evasion rampage for the moment and take solace in remarks by James Henry, the author of the study, who said "The world has just located a huge pile of financial wealth that might be called upon to contribute to the solution of our most pressing global problems." [Source]
Will legal tolerance for hidden mega-wealth ever change?
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