Monday, April 29, 2013

If You Think the Rich Pay Too Much in Taxes ...

A new study has "found that more than $12 trillion of that money [held by extremely rich people in offshore, untaxed
accounts] was managed by 50 international banks, many of which received bailouts during the financial crisis, according to James Henry, the study’s author.

“'There’s a lot more missing wealth in the world than we had known about from previous estimates,' Henry says. 'The real scandal is not all these individual scandals but the fact that world’s policy makers who know about this stuff, have basically done nothing.'”

--Huffington Post (here)


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