Among the world's super-rich hide their wealth is estimated to worth U.S. $ 21 trillion in tax haven countries abroad. Hidden wealth is equivalent to the economic value of the combined U.S. and Japan.
State tax haven is a country or region that imposes low taxes or no taxes at all.
The findings obtained from a report in The Price of Offshore Revisited made James Henry, a former chief economist of the consultancy McKinsey for Tax Justice Network network.
As quoted from Reuters page, Monday, July 23, 2012, the study calculates a number of accounts owned financial companies outside the country. From the calculations it was found that hidden wealth between U.S. $ 21 trillion to U.S. $ 32 trillion.
However, the calculation did not include data non-financial assets such as real estate, gold, cruises, and horse racing.
The data was obtained from a number of financial institutions like the World Bank, International Monetary Fund (IMF), United Nations (UN), and a number of central banks.The study also noted that the wealth of the rich people who come from 139 countries run by private companies, has a value far greater than the taxes collected local government.
Since 1970, the wealthy citizens of developing countries is estimated to have a property abroad is not listed with a value of U.S. $ 7.3 trillion to U.S. $ 9.3 trillion by 2010. "Property management companies that operate in foreign countries showed a 'big hole' in the world economy," said Henry.