The Rich Have $21,000,000,000,000 ($21 TRILLION) In Offshore Untaxed Black Money

LONDON: A new report by tax researchers estimates the amount of black money deposited by a ‘global super-rich elite’ in offshore accounts is as much as 13 trillion pounds – equivalent of the combined GDP of the US and Japan.

The report by Tax Justice Network released to The Observer is said to be the ‘most detailed estimates yet of the size of the offshore economy’.

http://economictimes.indiatimes.com/news/international-business/13-trillion-pounds-in-offshore-tax-havens-report/articleshow/15093725.cms

more from google news:  http://urlet.com/vital.analysis

Think Progress:  http://thinkprogress.org/economy/2012/07/23/563161/rich-hiding-21-trillion-tax-havens/

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