Super rich hiding up to $32 trillion offshore
A new report says that at least 21 trillion dollars, is being held around the world, in what are known as offshore
accounts, or tax havens.
This is as much money as the entire annual economic outputs of the US and Japan, combined but this belongs to just 10 million people worldwide who have offshore bank accounts.
Added: Jul-23-2012
By: Gmike
In: World News
Tags: tax havens, tax evasion, taxes, offshore, shady, rich, super rich
Marked as: approved
Views: 1353 | Comments: 42 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: Gmike
In: World News
Tags: tax havens, tax evasion, taxes, offshore, shady, rich, super rich
Marked as: approved
Views: 1353 | Comments: 42 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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that's what happens when our lawmakers let conglomerates write legislation.
Posted Jul-23-2012 By2DLISH2QUIT (2096.70) 2DLISH2QUIT View Channel Send Message
(5)
Somebody should tell the spokesman for the rich people that he forgot to take his pirate eye patch off before the interview.
Posted Jul-23-2012 ByEventHorizon2012 (1857.98) 
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Richard Rahn served on the Board of Directors of the Cayman Islands Monetary Authority from 2002 to 2008 he has a vested interest in allowing offshore tax havens. And yes offshore tax shelters do share info to the home client countries.... that doesn't discount the loopholes. They have made it legal for themselves.
Posted Jul-23-2012 ByFoster777 (162.26) Foster777 View Channel Send Message
(2)
@Foster777
crooked punk ass bitchs
Posted Jul-25-2012 ByMR tommygun (460.10) 
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Ha ha the Cato institute, http://www.dailypaul.com/142895/the-cato-institute-is-a-fraud
Posted Jul-23-2012 Bydaveporter (323.30) 
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Only 32 trillion?
With that much, all the wealthy people could buy a country and set up their own bank and tell the rest of the world to get stuffed.
Then, they'd get invaded by the poor people migrating into their country and fouling the gold-paved streets.
Posted Jul-23-2012 ByTriode (471.80) 
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@Triode
that is what they are doing via the IMF
theLAB
Posted Jul-23-2012 BytheLAB (337.80) 
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@theLAB with all the money pouring OUT of our countries, we are fools to allow it.
Posted Jul-24-2012 ByTriode (471.80) 
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@Triode
agreed
but for as useless as it is, whom does it serve?
theLAB
Posted Jul-24-2012 BytheLAB (337.80) 
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@theLAB That's hard to know, but if we knew WHO owned and is moving all that money then we'd know why.
Posted Jul-25-2012 ByTriode (471.80) 
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@Triode
its like we are in a pool and someone pissed in it and that yellow marker just went off all around the people and the dude that did it just blends in;
why does it always work this way for the wealthy
theLAB
Posted Jul-25-2012 BytheLAB (337.80) 
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Sounds like you're mad at people for having money. What's wrong if you choose a bank in another country? It's not illegal.
Posted Jul-23-2012 Bypls53 (193.74) 
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@pls53 ....point is: it should be illegal to use off-shore banks.
Posted Jul-23-2012 ByNepean109 (1016.00) 
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@Nepean109 Why?
Posted Jul-24-2012 Bypls53 (193.74) 
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Just wait and see what happens when this money starts to chase assets instead.
Posted Jul-23-2012 ByKongored (151.90) 
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Loved the pirate at the end.
Posted Jul-23-2012 Bywhatduh (440.86) 
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@whatduh
Even his parrot couldn't stand the hypocrisy and did a bunk.
Posted Jul-23-2012 ByDemeter6 (114.90) Demeter6 View Channel Send Message
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the rich do the same thing in every country in the world where the left wing socialist parasites are voting themselves more money.
these people didnt get to be rich because they're stupid! its the smart thing to do.
Posted Jul-23-2012 ByVikingRapeSquad (1335.00)

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@VikingRapeSquad ....no matter HOW much it costs you and all your redneck friends, right?! Clearly you don't know that the smart thing to do is tax that income.
Posted Jul-23-2012 ByNepean109 (1016.00) 
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Hmmmm, perhaps we should encourage them to INVEST and LOAN their capital instead of HIDING it? Might actually create jobs. Stupid job killing collectivist Democrats.
And no I’m not letting the GOP off the hook NO ONE should EVER receive corporate welfare. Bad business model? Poor investment choices? Too bad you suck, no bail out for you, sell off your assets to someone who can do it right.
Posted Jul-23-2012 ByMoore Slayer (2021.64) 
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Fair share
Posted Jul-23-2012 ByRob8729 (837.32) 
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then sue me fuckers
Posted Jul-23-2012 ByDinmorlolmanden (72.20)

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And now lets hear from our expert witness: Ginger the pirate.
Posted Jul-23-2012 Byblandadrops (105.02) blandadrops View Channel Send Message
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well drug dealers wont pay tax anyway.
Posted Jul-23-2012 Bythevoice213 (834.88) 
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the dirty commie libtards would just LOVE to take this money.
Posted Jul-23-2012 ByJihadKiller1s1k (9387.28) 
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@JihadKiller1s1k If you had any idea of what fiat$ is you would have a glimmer of what an ignorant boot licker that statement makes you.
Posted Jul-23-2012 Byrozza2012 (392.78) 
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@rozza2012
Bootlicker but kisser pole smoker,they are all the same quick to defend people who dont give a fuck about them.
Hopeing that they will.get tossed a.bone from the table. It's globalisation and they don't care about countrys any more not mine not yours its about power and controll and any patreotic or political agendas are moot.points they simply don't care about that stuff.
Posted Jul-24-2012 ByMR tommygun (460.10) 
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@MR tommygun
a truly moronic comment
Has your nanny fed you today?
Posted Jul-24-2012 ByJihadKiller1s1k (9387.28) 
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@JihadKiller1s1k
Look mate its a fact the people who hide this sort of money have international conections,they are not interested in paying taxs anywhere.they will outsource your job shut down factorys move assets off shore use third world laboure,all to maximise profit!
AND THEY DON'T WANT TO PAY TAXES ON ANY OF IT!!!!.....ANYWHERE!!!!
here is a link to a movie that will explain it all...its old but thats how long this stuff has been going on, your seeing it bear its rotten fruit now
http:// More..
Posted Jul-24-2012 ByMR tommygun (460.10) 
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