Home » Posts tagged with "James Henry"


Super-rich stash $21 trillion in offshore havens

Post Pic
Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. ­The findings show the gap between the haves and the have-nots is much larger than previously thought. The document, entitled The Price of Offshore... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.