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#TaxJustice New reporting requirements for OECD uncovers $11 trillion in hidden offshore bank accounts alone. Consistent w my 2012 -2016 estimates. - Reuters uk.reuters.com/article/uk-oec…
Btw the OECD informs me today that “It is more than ($11 tr.) bec our EUR 10 tn excludes what the US receives fr FATCA+ what US does not share w the ROW (eg offshore bank accounts in US banks)...”..
So total #offshore bank deposits (< a third of offshore wealth) cld be $13-$14 trillion!!! Eg we now hv proof that the global haven industry is indeed an 8th continent, where largely untaxed cap flight+IFFs wind up, mostly managed by #banksters globalhavenindustry.com
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James S. Henry
@submergingmkt
#GeorgeFloyd. #WhatNow? #NationalStrike The largest multi-racial mass insurrection in American history is here.But it is time to convert mass rage+protest into concrete demands, so that all this outrage does not go to waste. What are those demands+ how do we enforce them? (1/n).
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James S. Henry
@submergingmkt
#CoronaWealthTax #CoronaBonds #StateLocalDebtCrisis When the @FT begins to support wealth taxes, while @JoeBiden remains a skeptic, you know big changes are a’ coming, driven by unavoidable realities pol. 1/n
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