June 2, 2017

Hiding offshore wealth

Washington Post - In a newly released paper, researchers in Scandinavia and the United States use the Swiss and Panamanian leaks to show that global tax evasion is likely much more prevalent than previously thought. Their estimates indicate that the top 0.01 percent of the wealth distribution own about half of all offshore assets and may be hiding roughly a quarter of their wealth offshore.

1 comment:

Anonymous said...

A just cap on personal fortunes beats all methods past present and future for preventing anyone circumventing justice.