by Peter Joseph Swanson
Member since:
April 13, 2007

There's 21 Trillion dollars hidden in tax havens

August 02, 2012 07:43 PM UTC
views: 0 | 12 people recommend this | comments: 12

‎

"The lost tax revenues implied by our estimates is huge. It is large enough to make a significant difference to the finances of many countries."

 

"the wealthy have been hiding their money in offshore accounts since the 1970s"

 

http://bx.businessweek.com/european-financial-crisis/view?url=http%3A%2F%2Fwww.ihavenet.com%2FWorld-21-Trillion-Dollars-Hidden-in-Tax-Havens.html

 


 

 

 


Comments: 12

Larry M. Aug 2, 2012, 7:46pm UTC
Just the tip of the iceberg concerning big money interest advantages over regular folks.

Big money rules. (Literally, in many places.)
M L M. Aug 2, 2012, 8:35pm UTC
Like Lebrea said, LOLOL, too funny.

Ya gotta have money to hire accountants that can find them for ya, leaves me out.
Lori F. Aug 2, 2012, 8:41pm UTC
What did I just hear on the radio...oh ya Romney visited the West Bank and tried to deposit 10 million dollars.
Rayda Renshaw Aug 2, 2012, 9:58pm UTC
Interesting perspective. I doubt there is a viable answer to the problem, though. The super rich are also the super powerful.
Tim T. Aug 2, 2012, 10:02pm UTC
Welcome to the real world!
Sassy *bacon makes me happy* Cat Aug 2, 2012, 11:47pm UTC
From reading the article, I assume that is an estimate for the entire world. (I dunno ... I might have read wrong) So I wouldn't call it too far fetched. Heck, maybe it is twice that much. ;o)

Some idiot sitting behind a desk in an office somewhere also decided there are over 2 million wild cats in Wisconsin. hahahahahaha!
Sassy *bacon makes me happy* Cat Aug 2, 2012, 11:49pm UTC
Ya know, if you had added some type of photo to this post, you would be up there on the 'most recommended' list. :o)
Rita B. Aug 3, 2012, 6:23am UTC
Read that the other day, doesn't surprise me though, maybe it is even more.
William Dotani Aug 7, 2012, 4:13am UTC
Our country hedonistic, arrogant and fearfully corrupt.
Adelaide M. Aug 7, 2012, 3:17pm UTC
Thanks for posting to Point Taken. Have a great day!
Ed Da Head Toker Aug 12, 2012, 5:07am UTC
some countries, if you put a certain amount in one of their banks, you can get citizenship there.

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