Global Super Rich Now Hoard $31 Trillion in Tax Havens: Report

Syndicated from Common Dreams on Sun, 2012-07-22

<div class='node-body'><p>A new report by the Tax Justice Network released Sunday reveals that between $21 trillion and $31 trillion is currently tucked away in global tax havens by the global super-rich--an amount that far exceeds previous estimates. Through exploiting gaps in global tax rules, the global financial elite are managing to hide &quot;as much as the American and Japanese GDPs put together&quot; from taxation, leaving the world&#39;s poor to carry the burden of global debt through harsh austerity measures.</p></div><div class="field field-type-filefield field-field-news-hp-image">
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