The world’s superrich have hidden between $21 and $32trillion offshore to avoid taxation.

Just five U.S. companies are hoarding nearly half a trillion dollars: http://t.co/zvPbBosTXd

— InvestmentWatch (@InvestWatchBlog) May 16, 2015

Hiding the Loot: The Offshore Economy in the Age of the Global Plutonomy
While people are being forced into poverty to pay off the bad debts of the “super-entity” global banking cartel of drug-money laundering banks which make up the “global supra-government,” the richest people in the world have been hiding their wealth in offshore tax havens, and of course, with the help of those same banks. James Henry, a former chief economist at McKinsey, a major global consultancy, published a major report on tax havens in July of 2012 for the Tax Justice Network, compiling data from the Bank for International Settlements (BIS), the IMF and other private sector entities which revealed that the world’s superrich have hidden between $21 and $32trillion offshore to avoid taxation. Henry stated: “This offshore economy is large enough to have a major impact on estimates of inequality of wealth and income; on estimates of national income and debt ratios; and – most importantly – to have very significant negative impacts on the domestic tax bases of ‘source’ countries.” John Christensen of the Tax Justice Network commented that, “Inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people… This new data shows the exact opposite has happened: for three decades extraordinary wealth has been cascading into the offshore accounts of a tiny number of super-rich.” Roughly 92,000 of the super-rich, globally, hold at least $10 trillion in offshore wealth. In many cases, the worth of these offshore assets far exceeds the debts of the countries that they flow from, the same debts that are used to keep these countries and their populations in poverty and a constant state of exploitation.[45]
http://www.alternet.org/economy/no-conspiracy-theory-small-group-companies-have-enormous-power-over-world

http://investmentwatchblog.com/the-worlds-superrich-have-hidden-between-21-and-32trillion-offshore-to-avoid-taxation/