Poor Bleeders!
by , Jul 22 2012 at 02:33 AM (231 Views)
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, former chief economist at the consultancy McKinsey, and commissioned by the Tax Justice Network. He said $21tn is a conservative figure and the true scale could be $32tn
Source: http://www.bbc.co.uk/news/business-18944097
We've always known that tax dodging is a significant issue and it assuredly won't disappear with any morality-led humph. The interesting issue, however, is the extent that the gains available have been further inflamed through neo-liberalism and the anti-individualism allowed by right winger gullibility











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