Wealth doesn’t trickle down – it just floods offshore, research reveals | Business | The Observer
▻http://www.guardian.co.uk/business/2012/jul/21/offshore-wealth-global-economy-tax-havens
La richesse ne se propage pas, elle prend la tangente.
The world’s super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.
James Henry, a former chief economist at consultancy McKinsey and an expert on tax havens, has conducted groundbreaking new research for the Tax Justice Network campaign group – sifting through data from the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and private sector analysts to construct an alarming picture that shows capital flooding out of countries across the world and disappearing into the cracks in the financial system.