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Super rich hold $32 trillion in offshore havens - Yahoo! News
So is this fair capitalism or are the rich just using the system to amass and hoard wealth for the sake of it?
LONDON (Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.
So is this fair capitalism or are the rich just using the system to amass and hoard wealth for the sake of it?