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Super rich hold $32 trillion in offshore havens


(Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the

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  1 reader comment

1. Niko Seretis
wrote on
July 23, 2012
4:28 PM
If people who have this kind of money invested in real estate development or anything else in this country, we would only be in half the mess we're in now. The other half of course is Obama!
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