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Items tagged with: TaxEvasion
“The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), according to a new Oxfam analysis published on April 2, 2026, ahead of the 10th anniversary of the Panama Papers.
The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.
An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,” a statement by Oxfam noted.“
downtoearth.org.in/governance/…
#TaxHavens #Offshores #TaxEvasion #Inequality
Untaxed wealth hidden offshore by richest 0.1% surpasses entire wealth of the poorest half of humanity: Oxfam
Oxfam’s new analysis reveals that untaxed offshore wealth held by the richest 0.1% now exceeds the entire wealth of the poorest half of humanity, exposing how tax havens fuel extreme inequality and urging global action to tax the super-rich and end s…DTE Staff (Down To Earth)
It's been 10 years since the Panama Papers leaks. There has been *some* accountability, but there is still a lot of work left to do.
"The report released on Thursday highlights that a decade after the Panama Papers leak, the global elite continue to utilise a complex international financial system to move immense fortunes beyond the reach of public scrutiny and taxation."
