Exhaustive Study Finds Global Elite Hiding Up to $32 Trillion in Offshore Accounts

DemocracyNow.org - A new report reveals how wealthy individuals and their families have between $21 and $32 trillion of hidden financial assets around the world in what are known as offshore accounts or tax havens. The actual sums could be higher because the study only deals with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts. The inquiry was commissioned by the Tax Justice Network and is being touted as the most comprehensive report ever on the "offshore economy." It also finds that private banks are deeply involved in running offshore havens, with UBS, Credit Suisse and Goldman Sachs handling the most assets. We're joined by the report's author, James Henry, a lawyer and former chief economist at McKinsey and Company.

To see more Democracy Now! reports about tax havens, visit http://www.democracynow.org/topics/ta...

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• Category

  News & Politics

[joecoool100]

Wow Amerika...just Wow. And please let me find one person on here that thinks Mi tt Romney is going to part of some solution for the problems of this country.

[Aiden057]

You know the story is on the right track when the trolls show up and make noise.

[ravenmoon1165]

I am no Mitt Romney lover, but it is amazing how they turn this against him and ignore the vast liberal's whose names were on the list. This is a planned release of information, and we have to wonder what their goal really is. Problem, crisis, solution tactics laid out in front of you right now.

[Shattered2014]

The Stanlinist Marxist Democrats want to take all profit from all organizations and hand it out in welfare.

[Shattered2014]

The fake exhaustive report by the leftist organization.

[ISaidSaidI]

MAGGOTTS FEEDING OFF THE CARCASSES OF MILLIONS OF INNOCENTS

[nathan8BIT]

Now do you realise who runs the world? While all our countries are in debt to these people, they are in control.

[Reginald Radliff]

Dear middle class,

Now you know where your money went. Go get it.

[Brooke Rekus]

why the fuck would the global elite pay taxes. THEY DONT HAVE TO. they run this country. nothing will become of this being revealed as long as something as important as this only has 5000 views, and that burden is on the american people....who are placated with cheap, mass media entertainment and a rapidly reclining educational system.

[toqueville01]

Lol So true my friend:Almost all articles of "weight" have some ZioTroll writing crap...and it is SOOO tempting to reply but that would be a waste of time...

Sad,but true.

All the best.

[sha370z]

Forbes cover 12 people 126 billion net worth in that one photo

[Steve Doss]

Gee they pulled this video to I wander why? mabie because tube is in their pocket to now