The $32 trillion tax haven iceberg.

April 7, 2016

 

Some studies estimate that the mount of wealth that is hidden in tax havens around the world, like the ones that were recently exposed in the Panama leaks, amounts to $32 trillion.

Just to put it in perspective that's twice the amount of what the whole US economy, the biggest in the world, generates in a whole year.

"Mossack Fonseca" which is only the fourth largest company in the world that deals with offshore companies and tax havens, and the subsequent Panama leak that is causing such an uproar and outcry in the world, is just the tip of the 32 trillion hidden money in the tax haven iceberg.  



Source:
http://www.reuters.com/article/us-offshore-wealth-idUSBRE86L03U20120722

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