Monday, April 29, 2013

WHERE (HOW) BILLIONAIRES HIDE THEIR MONEY

According to Tax Justice Network the world's wealthiest individuals were hiding tens of trillions in offshore accounts at the end of 2010. The primary goal is to avoid paying taxes. Bloomberg does a pretty good job of introducting us to some of the tactics used by the world's billionaires in this article "Billionaires Flee Havens as Trillions Pursued Offshore."


The combined wealth of the world's 100 richest billionaires is over $1 trillion. Check out Bloomberg's billionaire index here.

- Mark

UPDATE: Check out who's hiding $32 trillion in offshore accounts (Money Morning) ...plus, the release of offshore records draws worldwide response (Center for Public Integrity).