The ultrawealthy have 10% of global GDP stashed in tax havens — and it’s making inequality worse than it appears


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  • New research based on the Panama Papers highlights the
    extent of offshore wealth.
  • About 10% of global gross domestic product is hidden in
    tax havens, making inequality worse than it looks.
  • US inequality is the worst among rich nations, but
    Europe has also gotten more unequal.

The Panama Papers and other major leaks from offshore tax havens
have helped shed light on just how much money the world’s
wealthiest people are parking in

... read more at: http://www.businessinsider.com/wealthy-money-offshore-makes-inequality-look-even-worse

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