What fiscal crisis?

24 Feb

Screen Shot 2013-02-23 at 7.58.18 PMTwo sentences from a Tax Justice report to keep in mind when you hear that there are no money to pay for a dignified way out of the crisis:

“A significant fraction of global private financial wealth — by our estimates, at least $21 to $32 trillion as of 2010 — has been invested virtually tax-free through the world’s still- expanding black hole of more than 80 “offshore” secrecy jurisdictions. We believe this range to be conservative, for reasons discussed below.”

Full report here
http://tjn-usa.org/storage/documents/The_Price_of_Offshore_Revisited_-_22-07-2012.pdf

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