LJ_Reloaded
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- Joined
- Apr 3, 2010
- Posts
- 21,217
Make your money here off the backs of hard working people, then hide it elsewhere? Really?
Fuck conservatives. We should hack into those computers and take every last dime back. Then fix it so it is IMPOSSIBLE to hide money offshore ever again.
http://www.forbes.com/sites/frederi...er-rich-hide-21-trillion-offshore-study-says/
Super Rich Hide $21 Trillion Offshore, Study Says
A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.
According to an early report on the study in The Guardian, Henry’s research
Fuck conservatives. We should hack into those computers and take every last dime back. Then fix it so it is IMPOSSIBLE to hide money offshore ever again.
http://www.forbes.com/sites/frederi...er-rich-hide-21-trillion-offshore-study-says/
Super Rich Hide $21 Trillion Offshore, Study Says
A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. The number may sound unbelievable, but the study was conducted by James Henry, former chief economist at the consultancy McKinsey, an expert on tax havens and offshoring. It was commissioned by Tax Justice Network, a British activist group.
According to an early report on the study in The Guardian, Henry’s research
shows that at least £13tn [$21 trillion] – perhaps up to £20tn [$31 trillion] – has leaked out of scores of countries into secretive jurisdictions such as Switzerland and the Cayman Islands with the help of private banks, which vie to attract the assets of so-called high net-worth individuals. Their wealth is, as Henry puts it, “protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy“. According to Henry’s research, the top 10 private banks, which include UBS and Credit Suisse in Switzerland, as well as the US investment bank Goldman Sachs, managed more than £4tn [$6.2 trillion] in 2010, a sharp rise from £1.5tn five years earlier.