Global super-rich hide $21 trillion in tax havens [1]
CNN.com
By Yenni Kwok, for CNN
July 25, 2012 -- Updated 0715 GMT (1515 HKT)
Switzerland is among the world's most popular tax havens, according to the advocacy group Tax Justice Network
(CNN) -- The world's super-rich had between $21 trillion and $32 trillion of wealth hidden in tax havens by the end of 2010, a new study says.
The size of these unreported financial assets is equivalent to, or even larger than, the combined GDPs of the United States and Japan, representing up to $280 billion in lost tax revenues.
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- Freedom Project [3]