Why Tax Havens Keep Growing, and What It Costs

GLOBAL · FINANCE Key Facts —The scale: roughly the equivalent of 10% of world output is held in tax havens, researchers estimate. —The cost: tax havens are estimated to cost governments hundreds of billions of dollars a year in lost revenue. —The trend: offshore wealth has grown over decades, though tax evasion has fallen with […] The post Why Tax Havens Keep Growing, and What It Costs appeared first on The Rio Times .

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