Global super-rich hiding USD 21 trillion in offshore accounts

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Global super-rich hiding USD 21 trillion in offshore accounts By TII News Service Aug 02, 2012 , London
AS per the latest Study of the Tax Justice Network, the super-rich in the USA and around the world are concealing at least $21 trillion in offshore accounts. In their report titled, "The Price of Offshore Revisited," the Network has observed that the wealth hidden in tax havens is equal to the USA and Japanese economies combined. The report has found that the UBS, Credit Suisse and Goldman Sachs are some of the key banks managing the funds of the super-rich.

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