Trahison Des Clercs

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 ...