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Banks, Global Elite Confirmed to Hold $32 Trillion in Offshore Accounts

Submitted by Bob-45 on Wed, 07/25/2012 - 15:17

Economy

Anthony Gucciardi
NaturalSociety
July 23, 2012

Major banks and the financial global elite are now confirmed to have as much as $32 trillion in hidden assets stashed away in offshore accounts that are subject to little or no taxation. As a result, around $280 billion is estimated to be lost in tax revenues. In other words, the multi-trillion dollar banks and elite families are avoiding any taxation while forcing United States citizens to foot the bill. Amazingly, the $32 trillion stashed away represents the overall GDP of the United States and Japan combined.