“….According to Tax Justice Network, a U.K.-based
organization that campaigns for transparency in the financial system, wealthy
individuals were hiding as much as $32 trillion offshore at the end of 2010.
Fewer than 100,000 people own $9.8 trillion of offshore assets, according to
research compiled by former McKinsey & Co. economist James Henry.
More than 30 percent of the world’s 200 richest people, who
have a $2.8 trillion collective net worth, according to the Bloomberg
Billionaires Index, control part of their personal fortune through an offshore
holding company or other domestic entity where the assets are held indirectly.
These structures often hide assets from tax authorities or provide legal
protection from government seizure and lawsuits…..
http://www.bloomberg.com/news/2013-04-29/billionaires-flee-havens-as-trillions-pursued-offshore.html
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