The Price of Offshore Revisited

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At least $21 trillion of unreported private financial wealth was owned by wealthy individuals via tax havens at the end of 2010.This sum is equivalent to the size of the United States and Japanese economies combined. There may be as much as $32 trillion of hidden financial assets held offshore by high net worth individuals (HNWIs), according to our report The Price of Offshore Revisited1, which is thought to be the most detailed and rigorous study ever made of financial assets held in offshore financial centres and secrecy structures.......... Download the full article in pdf attachment (below)