23 Trillion $ in Off Shore Accounts
The Paradise Papers have revealed the amount of money hidden in tax havens with the most recent estimates at a mind boggling 23 trillion dollars. If a million dollars was an inch this would be a stack about 362 miles high. There is a modest 5 story building in the cayman Islands that is headquarters to over 18,000 corporations.
And they say crime doesn't pay.
What is your source for your number of 23 trillion?
Two years ago it was estimated at $21-32 trillion.
http://www.financialsecrecyindex.com
This article pegs it at £23 trillion, which is greater than $23 trillion.
https://mronline.org/2017/11/09...y-of-the-rich/
Many are digging into the 13+ million files available here:
https://www.icij.org/investigat...radise-papers/
Knock yourself out, Jim.
:) I never said I didn't "believe" the numbers. I just wanted the source so I could read up on it. (Which you graciously provided)
I wonder how much of that is "political" accounts, from all countries. Politicians have to hide the graft they get from corruption somewhere.
They seem to be doing fine flaunting a good deal of it, but I'm sure some is stashed as well. I would imagine there is some black money, too. The shenanigans possible with our monetary system fairly boggle the mind.
Sounds like a good place for a cat 5 hurricane to visit. Maybe it will blow some of the money where it will do some good. :)