The wealthy stashing 32 Trillion Overseas (LEAK)

[CurrencyChase]

These greedy fukkers do this to avoid tax. Its not even about needing money to them. Its an addiction.

Millions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.

The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.

[...]

The names have been unearthed in a novel project by the Washington-based International Consortium of Investigative Journalists [ICIJ], in collaboration with the Guardian and other international media, who are jointly publishing their research results this week.

The naming project may be extremely damaging for confidence among the world's wealthiest people, no longer certain that the size of their fortunes remains hidden from governments and from their neighbours.

[...]

As well as Britons hiding wealth offshore, an extraordinary array of government officials and rich families across the world are identified, from Canada, the US, India, Pakistan, Indonesia, Iran, China, Thailand and former communist states.

The data seen by the Guardian shows that their secret companies are based mainly in the British Virgin Islands.

Sample offshore owners named in the leaked files include:

[...]

• US: Offshore clients include Denise Rich, ex-wife of notorious oil trader Marc Rich, who was controversially pardoned by President Clinton on tax evasion charges. She put $144m into the Dry Trust, set up in the Cook Islands.

[...]

The whistleblowing group WikiLeaks caused a storm of controversy in 2010 when it was able to download almost two gigabytes of leaked US military and diplomatic files.

The new BVI data, by contrast, contains more than 200 gigabytes, covering more than a decade of financial information about the global transactions of BVI private incorporation agencies. It also includes data on their offshoots in Singapore, Hong Kong and the Cook Islands in the Pacific.

Identities of the rich who hide cash offshore | UK news | The Guardian

 

[the mechanic]

The gross world product (GWP) is the combined gross national product of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).[nb 1] In 2011, the GWP totalled approximately US$79.39 trillion

 

[You Win Perfect]

i was just reading this article on huffpost. This should be national news but it won't be. Nobody will be indicted or investigated. This is how the rich stay rich and help destroy the lower class.

 

[ch15x]

I just can't wrap my brain around that much wealth, especially when looking at some of my surroundings...

I'm sure it's been said, but "Hoarders" (or Operation Repo) should do episode...

 

[Wild self]

shyt like this, I wonder why they still doing shyt like it. All that money and you still worried about paying a small percentage to help the American people? After the first few billion, you not gonna get poor again. Might as well spend it and help people that NEED the money.

 

[You Win Perfect]

shyt like this, I wonder why they still doing shyt like it. All that money and you still worried about paying a small percentage to help the American people? After the first few billion, you not gonna get poor again. Might as well spend it and help people that NEED the money.

pure greed

 

[Patrick Kane]

i was just reading this article on huffpost. This should be national news but it won't be. Nobody will be indicted or investigated. This is how the rich stay rich and help destroy the lower class.

Exactly, which makes it even more clear that they're trying to keep the wool pulled over our eyes. Whoever "they" are.

It's just disgusting that that after five, six, seven, eight billion dollars and having set up your family for generations that these greedy b*stards are still stashing dough away while WE are forced to pay our small sums of money. It's truly sad that the super wealthy continue to get away with this in our society.

 

[tru_m.a.c]

alarmed.

 

[Blackking]

will never make traction- because if people started to make an issue out of this, they would be called conspiracy theorist.

 

[Schmoove]

Give these fools the guillotine!

 

[Majestyx]

 

[Mowgli]

I just can't wrap my brain around that much wealth, especially when looking at some of my surroundings...

I'm sure it's been said, but "Hoarders" (or Operation Repo) should do episode...

Thats about how much money the US makes per year. Give or take a few trillion.

 

[Julius Skrrvin]

French Revolution sequel lookin overdue right about now

 

[Starman]

Pretty much.

 

[Serious]

French Revolution sequel lookin overdue right about now

I've been saying these for quite a few years. It's mindblowing that people slave away long hours working for merely $8 an hour, when there are CEO's that make 33k an hour. This barely scratches the surface of this greed...

Spoiler

Low Key I want to see if money has been laundered to any islands, I've visited; probably has Or by anyone I know