Tuesday, November 6, 2012

Capital flight and tax havens

Click here to access article by Sally Burch from América Latina en Movimiento.

This article provides a good summary of a 46 page report issued by the Tax Justice Network,
The study estimates -- an estimate that the authors consider conservative -- that for the year 2010 the funds from private wealth invested in more than eighty offshore jurisdictions – in accounts managed undercover and practically free from taxation – amount to at least 21 to 32 trillion dollars.