Article 201510281653: The Hidden Wealth of Nations

ZUCMAN Gabriel

The Hidden Wealth of Nations

ID: 201510281653

A web of tax havens holds almost a tenth of the world’s financial wealth. Evasion by the super-rich has pushed trillions of dollars out of governments’ reach. Only by prising open the secrets of the offshore centres can politicians rescue their debt-ridden economies and reverse the tide of rising inequality.
He estimates that at least $7.6tn is held in tax havens, largely in what he describes as the “sinister trio” of the British Virgin Islands, Luxembourg and Switzerland.